I. Choose a venture firm and write a Business Plan for the venture. (Must be a Private firm before IPO)
I. Choose a venture firm and write a Business Plan for the venture. (Must be a Private firm before IPO)
1. Sign up for your company here. None of the students share the same company. (First-Choose, First-Take)
Final Project. Choose your companyLinks to an external site.2. How to find a venture (private firm) with Financial Data
a. Nasdaq >> Market Activity >> IPOs >> Filings or Withdrawn >> Financial & Filings >> S-1 or F-1
(You must choose one of Filings or Withdrawn companies, not yet IPO companies)
b. Pitchbook (if financial data is available)
c. A venture firm that you can get financial data directly (with network, family, or friends)
https://www.nasdaq.com/market-activity/iposLinks to an external site.
II.Word file submission:Business Plan in a Word file
1. Max of 15 pages (12 font size with less than 1.5 line spacing), excluding cover page, table of contents, references, and appendix.
2. Citation required in the texts (APA)
3. Required Content
Section I: Executive summary
Section II: Business description
description of the product or service
industry background
private firm background
goals and milestone objectives
any point of ESR & DEIB
Section III: Marketing plan and strategy
target market and customers
competition and market share
pricing strategy
promotion and distribution
any point of ESR & DEIB
Section IV: Operations and support
quality targets
technology requirements
service support
any point of ESR & DEIB
Section V: Management team
experience and expertise
organizational structure
intellectual property rights (if any)
any point of ESR & DEIB
Section VI: Financial plan and valuation
evaluate the venture's financial performance and annual financial statements for the next 3~5 years and the key assumptions.
creating a valuation model for the venture
funding needs and sources
possible problems and risks
Section VII: Time-line and Exit Strategy
anticipate and obtain multiple rounds of financing as the venture grows
explain how efficiently and effectively manage the firms assets and financial resources and its operating performance
plan an exit strategy consistent with theentrepreneurs objectives and the firms business plan
Reference and Appendix
reference as evidence of the research and assumptions.
appendix to show the extra mile work
Excel file submission
: Working evidence of the Business Plan must include:
1. Forecasted Financial Statements (B/S, I/S, CF/S, including at least 3~5 past and forecasted) with assumption tables
2. Main financial ratios: Past three ~ five years and forecasted three ~ five years
3. Cost of Private Equity Capital (or WACC) with assumption tables, including sensitivity analysis
4. Multiple valuation (Relative methods) model with comparable companies.
5. DCF valuation model with assumption tables, including scenario analysis
6. VC short-cut valuation model
7. VC Exit models
8. Other working evidence to support the Word submission
