Recommended course sequence for Tuck students interested in a career in private equity or entrepreneurship.
PRIVATE EQUITY FINANCE
The Private Equity Finance course is one of the most popular second-year elective courses. The objectives of the Private Equity Finance course are to: Provide an
understanding of the role of private equity in the economy, the structure
of the industry, its participants and the forces that shape its development;
Develop analytical and deal structuring techniques used in private equity;Offer
opportunities to interact with private equity professionals and learn
about their issues and challenges. Private equity investing can involve
unique risks including reduced information, lack of liquidity, minimal
regulatory protection and unproven companies. Accordingly, successful
private equity investing requires different institutions, skills and strategies
than public equity investing.The course is recommended for students interested
in private equity investing, investment banking, investment management
or entrepreneurial management. The course conceptually covers everything
from the seed funding for a start-up venture to the acquisition or buyout
of a mature business.
This course is integrative and experiential in nature, drawing from a broad range of business basics. Its main focus will be in-depth exposure to the process of starting and scaling an enterprise from an idea and business plan into a company. The course will cover: 1) developing a startup idea in technology, research, a small business, or a nonprofit; 2) crafting a promising execution strategy and validating market potential; 3) developing a credible business plan and delivering effective presentations, for investors if startup capital is required, or in an alternative context if bootstrapped; 4) building a team of employees, partners, and investors; 5) managing growth while effectively executing product development; 6) and marketing, sales, and operations. The class will expose students to what entrepreneurship takes in a startup context, and how integrative, entrepreneurial execution can be successfully utilized in a variety of career and work contexts. Students will formulate a plan to take an idea into execution, present and articulate elements of this plan in multiple sessions, and defend it against challenge and criticism. There will be a special effort to integrate concrete, operational, and execution-related information, to define key areas an entrepreneur should be aware of, to expose students to a variety of successful entrepreneurs, and to provide a framework of "toolkit" resources relevant to startup execution. The class will be structured to accommodate both students with a pre-existing plan and those wishing to develop of an idea.
ENTREPRENEURIAL MANAGEMENT- First Year Project
part of the First Year Project, this module
provides an initial exposure to concepts central to the creation and management
of new business ventures. The class covers (1) selecting winning opportunities:
learning how to evaluate entrepreneurial ideas on the basis of potential
for success and investor interest; (2) business-plan basics: learning
the elements of a convincing business plan and how to read and dissect
business plans; and (3) introduction to venture capital and entrepreneurial
finance: learning how venture capital firms operate and basic strategies
for financing new ventures.
FIELD STUDY IN PRIVATE EQUITY
This course provides hands-on experience working with private equity practitioners and growth ventures so students can learn to plan, manage, and invest in the contexts in which they operate. Graduates lacking such experience are at a disadvantage in getting jobs at private equity firms and are less prepared to succeed when presented with private equity or growth venture opportunities. Unlike independent study, in which student teams report only to their faculty sponsors, this course requires teams to present their work to their classmates, so all may learn from each other. More specific learning objectives will depend on each project's topic.
INTRODUCTION TO ENTREPRENEURSHIP
This course is designed to
provide basic education in commercialization of technology, entrepreneurship, and the starting of new business ventures.
The course will address fundamentals in major areas of conceptualizing and launching a successful new business, including:
concept development, market and competitive assessment, business plan development, team building, financing and investor
presentations, and execution. Students will be exposed to the startup process in detail. The course will combine lectures
and visiting speakers, workshop sessions, and readings. Throughout the term, participants will develop an executive
summary of a business idea, which they will present to a panel of potential investors at the conclusion of the course.