Columbia Business School

Foundations of Venture Capital (Online)

Columbia Business School

Finance & Investing

About Programme

Whether your endgame is investing in the right startups or exploring your role in the venture capital (VC) ecosystem, here is your chance to examine the fundamentals of the early-stage VC landscape. Get to know the players, understand the risks and rewards, and develop a systematic approach to evaluating opportunities.

Based on lessons garnered from 15,000+ pitches and 20 years of experience in innovation and entrepreneurship, Angela Lee distills the venture capital landscape into a convenient six-week learning journey.

Please contact our partners at Emeritus at [email protected] , +1 315-982-5094, or +1 315-277-2746 for a personal conversation about this program and how it may benefit you.

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Programme Content

Module 1

What Is Venture Capital?

Module 1

Whether your endgame is investing in the right high-growth startup or exploring your role in the VC ecosystem, you will examine the fundamentals of the venture capital landscape. You will get to know the players and their roles and examine the people and organizations in your network.

Module 2

What Makes a Good Investment?

Module 2

Unpack the due diligence process, a crucial checkpoint in determining whether a startup is aligned with your investing goals. This process shines a light on the inner workings of a startup as well as the market potential for its products and services. The four Ps model serves as a trusted framework for evaluating the investment potential of any startup.

Module 3

What Matters in a Term Sheet?

Module 3

Enter into the negotiation phase of the deal flow process by reviewing the deal structure, financial terms, and governance terms. Activities and resources are designed to deepen your understanding of what really matters in a term sheet.

Module 4

How to Value a Startup?

Module 4

Review various methodologies and the necessary components to determine a startup’s value. This module delves deeper into the final "P" in the diligence process — price — and you will hone your skills through several Excel demonstrations.

Module 5

How to Manage a Portfolio?

Module 5

Once an investment is made, there is still a tremendous opportunity to support the startup. Understand the actions that can add value, build trust, and demonstrate integrity. In addition, you will study general industry returns and calculate returns based on two methods: cash-on-cash multiple and internal rate of return (IRR).

Module 6

Lessons Learned from 15,000 Pitches

Module 6

Professor Lee shares her insights on the lessons learned from roughly 20,000 pitches that she and her organization, 37 Angels, have received. You will explore examples that illustrate what to look for when researching new startups as well as advice on how to develop your personal networking plan and how to get started with a career in the venture capital industry.

Programme Audience

Mid- to senior-level finance professionals seeking to expand their practice to include more early-stage investment opportunities, understand how to value these organizations, and develop an understanding of the VC ecosystem
Entrepreneurs, founders, and their senior management at startups seeking to understand the key drivers of investment decisions, how to get "into the deal flow," and how to secure funding for their venture
Corporate investors seeking a model for evaluating potential acquisitions for their innovation, specialized IP, talent, or other desirable factors
VC ecosystem players such as professionals from law organizations, accounting organizations, and benefits organizations, that support the needs of startups and VCs alike

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