MIT Logo Nuts and Bolts of New Ventures MIT Course 15.393
Nuts and Bolts of New Ventures - 2024
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Session 1 - Tuesday 1/23/2024
Session 2 - Wed 1/24/2024
Session 3 - Thurs 1/25/2024
Session 4 - Tues 1/30/2024
Session 5 - Wed 1/31/2024
Session 6 - Thurs 2/1/2024
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Session 5:
Financing Sources Panel;
Financial Projections

Wednesday, January 31, 2024
6:00pm to 9:00pm Eastern Time, Room: 10-250

Part 1: Financing Sources Panel

You have identified the product/service and the market.   You have settled on a business model and have done your financial projections.    How will you finance the plan?

This session will cover: Bootstrapping the early stages.   Funding from the 3 F's- Friends, Family and Fools.   Angels- who are they and what are they looking for?   Private placements.   Customer financing.  Government grants (e.g., SBIRs).   Consulting- getting someone else to pay for the development, provide a beta site and endorse your idea.   Venture capital.   Bank financing.

You will learn about the institutional constraints and needs of various funding sources.   As a result you will be in a better position to determine if, when and how to approach these sources for financing.

This part of the program will feature a panel of experts discussing different financing sources.

Panel Moderator:
Julianne Zimmerman
Julianne Zimmerman Experienced Technology Innovator and Investor
Julianne is a Founding Principal of Great Dome Associates and teaches Innovative Social Enterprises at Tufts University.   She is a 2020 Conscious Company / Kate Spade World Changing Woman.  LinkedIn Page
Read her bio here.
Video of Presentation:   
Presentation Slides:    No Slides Presented for This Session


Part 2: Financial Projections

Armed with an understanding of the market for your product or service how do you figure out what financial resources you will need to bring a it to that market?   This portion of the program will introduce some financial projection techniques based on actual business experience.

  • Chapter 10, "Figuring Out Financials" and Chapter 11, "Forecasting and Budgeting" from Tiffany, Paul and Peterson, Steven, Business Plans for Dummies, IDG Books Worldwide.   Students Registered For Credit See, Course Reader.
  • Download a copy of the Financial Template shown in the lecture.
  • Download a copy of the Equity Distribution and Dilution spreadsheet shown in the lecture.
Steve Derezinski substituting for Charlie Tillett
Steve Derezinski Entrepreneur, Senior Executive and Senior Advisor for technology-based ventures
Steve has been senior executive in venture-backed software and semiconductor companies, working in strategic marketing roles to place breakthrough semiconductor, MEMS, Nanotechnology and software innovations into the right early market segments. LinkedIn Page
Read his bio here.
Video of Presentation:   
Presentation Slides:    Financial Projections



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