Ohlsson offers alone or in combination with other specialists courses,
longer talks and seminars on the methodology of Best Practice Venture
Capital (BPVC). He has delivered a many talks and a dozen courses to
high tech enterprises, financial companies, R&D organisations, technology
parks etc. Two types of courses are outlined in the following, each
one with a supplement for management/employees of enterprises. The 12
course modules enables other, custom-specific designs as well.
BPVC course (six modules):
VC market –properties, organisation, legal entities and returns.
Module 1 introduces the courses with a description of special features
of the VC market. Venture capital is defined and its special legal underpinning
in best practice environments discussed. The VCs comparative advantages
in equity financing is specified and the superior property of the so
called venture fund outlined.
of assets at start-up and their subsequent transformation.
Introduces asset categories, stylised venture stages and its connection
with investment decisions (trees), simple definitions of a ventureęs
upside potential (UP) and downside risk (DR). Risk & Chance Management
(RCM) is categorised.
downside risk management.
The DR components risk, uncertainty and windfall loss vs. the DR factors
technology, market, competiveness, entrepreneurship, finance and their
relationships. What is due diligence and how much of a ventureęs future
prospects can it uncover? The specialised venture contract in best practice
and its relationship to founder-, stage- and ventureproperties. The
handling of pre- and postcontractual information risks. Payment for
history vs prospective payment for the future. Stage- vs venture-specific
Upside Potential management.
The UP components chance, opportunity and windfall gain and their relationships
with the UP technology, market, competition, entrepreneurship and finance.
Factors. The entrepreneurial rent and its optimisation. Valuation problems
at start-up and at IPO. The handling of information risks in venture
valuation. Stock options and their venture-specialised uses. Problems
with options legislation.
methods in venture strategy analysis.
Strategy analysis under limited predictability and controllability.
The role of strategy and the concept optimal strategy path. Path properties
– strategic speed, scope, direction, lead and content. Relationships
to Upside Potential and Downside Risk. Illustrations of path properties.
Venture properties and their relevance for prioritising one or another
path property to others. First mover analysis – advantages and strategies.
mover strategy analysies – basic methodologies.
First, late and fast movers. First mover advantages at start-up and
their transformation until market entry. The role of first mover analysis
for investment decisions. Time to market, market lead, time to sales
acceleration and acceleration lead. Illustrations of strategy path properties
for five venture categories with one core technology, one product application
and one technology leap.
Supplement Module (optional):
Limitations in efficiency and effectiveness in the handling of radical
renewal projects in a big business environment. The corresponding BPVC
BPVC course (four, five modules)
for more information