LEAN FINANCE FOR STARTUPS - EVERYTHING AN ENTREPRENEUR NEEDS
3.8 (59 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,651 students enrolled

LEAN FINANCE FOR STARTUPS - EVERYTHING AN ENTREPRENEUR NEEDS

Learn how to build a financial model, value your company, find investors, and raise the right type of capital.
3.8 (59 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,651 students enrolled
Last updated 9/2016
English
English [Auto-generated]
Price: $199.99
30-Day Money-Back Guarantee
This course includes
  • 1.5 hours on-demand video
  • 17 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • learn how to build a financial model, value a company, and raise the right type of capital
  • understand how to find revenue and expense assumptions

  • understand how to determine the best source of capital for your company

  • understand how to find and pitch investors
Requirements
  • Basic understanding of excel or a willingness to learn
Description

Building a company? Learn how SMART entrepreneurs raise the RIGHT type of capital FAST.

ABOUT THE INSTRUCTOR

Lili Balfour has advised over 100 companies, who have gone on to raise over $200 million from investors around the world. She is the author of Master the Finance Game, a Wall Street Journal Guest Mentor, a contributor at Fox Business News, a blogger for The Huffington Post, a guest contributor for HuffPost Live and a guest lecturer at UC Berkeley.

ABOUT THE COURSE

Learn everything you need to know to grow revenue, to increase profitability, and to secure capital for $199. This course includes a downloadable cap table with step-by-step instructions, as well as a list of active investors who have recently raised funds.

STUDENT REVIEWS

“I've previously spent more than a thousand bucks on business financial consultations which didn't even explain 10% of what this course covers in less than two hours. You get to know real life metrics and milestones that your company must achieve to survive and prosper.” Oleg

“A must for start ups. This is the first course I finished on Udemy! This course covers a lot and Lili was able to condense it to the essential, important things everyone going into a start up should know. A very big bonus is the downloadable excel spreadsheet that contains pretty much everything you need to understand financially when starting a business. Highly recommend.” Mic

“Es un buen curso, Lili sabe mucho sobre el tema, pero quisiera haber tenido mas énfasis en el modelo financiero.” Mateo


Who this course is for:
  • Entrepreneurs or aspiring entrepreneurs
Course content
Expand all 33 lectures 02:08:07
+ Understanding Finance
7 lectures 22:09
The lecture 1 video outlines the goals for the course and provides a foundation to begin the learning process.
Preview 04:50

Define your "buyer" in 100 words or less. What is their age range, gender, lifestyle, etc. 

Quiz: Lecture 1
1 question
The lecture 2 video describes basic revenue models and covers the evolution of revenue models over the past 100 years. 
Preview 05:02
Lecture 2
1 question
The lecture 3 video explains standard financial statements and details why we use a "lean" version of financial statements in our model. 
Financial Statements
02:54
Lecture 3
1 question
The lecture 4 video explains the basic components of the income statement and defines the most accurate explanation of profitability. 
Income Statement
03:25
Lecture 4
1 question
The lecture 5 video explains the balance sheet and details why we analyze cash, accounts receivable, and inventory. 
Balance Sheet
01:34
Lecture 5
1 question
The lecture 6 video explains why the financial structure of a company is important.
Financial Structure
03:27

Lecture 6
1 question
Lecture 7 includes question that each student should be comfortable answering upon completion of the course.
Questions for Review
00:57
Lecture 7
1 question
+ Financial Modeling and Metrics
7 lectures 26:18
Spreadsheets
13:25
Lecture 9 includes a pdf that provides line-by-line and cell-by-cell instructions for the benchmarking which occurs in the spreadsheets. 
Benchmarks
3 pages
Lecture 9
1 question
Lecture 10 includes a pdf that provides line-by-line and cell-by-cell instructions for the revenue assumptions contained in the spreadsheets. 
Revenue Assumptions
2 pages
Lecture 10
1 question
Lecture 11 includes a pdf that provides line-by-line and cell-by-cell instructions for the expense assumptions contained in the spreadsheets. 
Expense Assumptions
5 pages
Lecture 11
1 question
The lecture 12 video explains customer acquisition cost and lifetime value 
Metrics - Customer Acquisition Cost and Lifetime Value
04:41
Lecture 12
1 question
The lecture 13 video explains viral coefficient, funnel analysis, and traffic
Metrics - Viral Coefficient, Funnel Analysis, and Traffic
04:39
Lecture 13
1 question
The lecture 14 video explains monthly active users, daily active users, and churn
Metrics - Monthly Active Users, Daily Active Users, and Churn
03:33
Lecture 14
1 question
+ Valuation
5 lectures 10:35
The lecture 15 video explains how to use related transactions to estimate the value of your company. 
Related Transactions
04:14
Lecture 15
1 question
The lecture 16 video explains how to use public comparables to estimate the value of your company. 
Public Comparables
02:07
Lecture 16
1 question
The lecture 17 video explains why we do not use discounted cash flow to value early-stage companies. 
Discounted Cash Flow
2 pages
Lecture 17
1 question
The lecture 18 video explains the purpose of a 409A valuation. 
409A
2 pages
Lecture 18
1 question
The lecture 19 video explains how to use the information in Section 3 to determine your funding strategy.
Funding Strategy
04:14
Lecture 19
1 question
+ Capital Sources
6 lectures 14:11
The lecture 20 video explains venture capital and outlines which types of companies should pursue this form of capital.
Venture Capital
02:34
Lecture 20
1 question
The lecture 21 video explains angel investors and outlines which types of companies should pursue this form of capital. 
Angel Investors
02:50
Lecture 21
1 question
The lecture 22 video explains crowd funding and provides a warning on the one fatal mistake entrepreneurs make with this form of capital. 
Crowd Funding
02:50
Lecture 22
1 question
The lecture 23 video explains convertible notes and details how to utilize this form of capital.
Convertible Notes
01:59
Lecture 23
1 question
The lecture 24 video explains revenue-based loans and details how to utilize this form of capital.
Revenue-based Loans
01:59
Lecture 24
1 question
The lecture 25 video explains asset-based loans and details how to utilize this form of capital. 
Asset-based Loans
01:59
Lecture 25
1 question
+ Pitching Investors
7 lectures 00:00
The lecture 26 presentation explains what you need to know about investors. 
Preview 4 pages
Lecture 26
1 question
The lecture 27 presentation provides the 10 slides you will need to sell your vision. 
Slide Basics
11 pages
Lecture 27
1 question
The lecture 28 presentation outlines how you can find investors. 
Preview 4 pages
Lecture 28
1 question
The lecture 29 presentation outlines how to pitch investors. 
How to Pitch Investors
4 pages
Lecture 29
1 question
The lecture 30 presentation outlines how to follow up with investors, even when they are not immediately interested in your company. 
Investor Follow Up
2 pages
Lecture 30
1 question

The lecture 31 presentation provides resources for follow up and questions. I will answer all student questions within 48 hours.


Be sure to join office hours on the 3rd Monday of each month at 12:00 pm pst. T

Resources
3 pages
Conclusion
3 pages