Information & Application

Lennart 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.

Basic BPVC course (six modules):

1. The 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.

2. Types 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.

3. Pre-emptive 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 DRs.

4. Pre-emptive 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.

5. Basic 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.

6. First 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.

Enterprise Supplement Module (optional):
Limitations in efficiency and effectiveness in the handling of radical renewal projects in a big business environment. The corresponding BPVC management methods.

Advanced BPVC course (four, five modules) Read more

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