Program Brief

In today’s dynamic and ever-evolving business landscape, the ability to secure funding and make strategic investment decisions is essential for both startups and established companies looking to scale and innovate. This course is designed to provide you with a comprehensive understanding of the world of venture capital, equipping you with the knowledge and skills to navigate this complex field. During the training program, participant will delve into the intricacies of venture capital financing, explore the strategies employed by successful investors, and gain valuable insights into the mindsets of entrepreneurs seeking funding.

Program Goals

At the end of the training program, the participant should be able to:

  • Understand the key differences between venture capital and private equity investing to make more informed decisions about which type of investment is best suited to the goals and risk tolerance.
  • Understand the structure of a venture capital fund to comprehend how the fund is financed, how funds are distributed, and to determine the alignment between the fund's strategy and investor objectives.
  • Understand the venture capital investment process, to determine the alignment between startups and investor objectives, and whether this type of investment is suitable for investors.
  • Understand valuation and pricing strategies and techniques, to accurately determine the value of startups and set investment prices.
  • Understanding how to manage venture capital funds helps in determining investment strategies, evaluating performance, and managing risks effectively.
Program Agenda
MODULE 1: INTRODUCTION
  • 1 What is Venture Capital? A brief history

    • 2 What differentiates Venture Capital from general Private Equity funding?

      • The different stages of investment- from start-ups to listed equity

        • Market participants: Investors, Intermediaries, Issuers

        • 3 Case Study: Major Venture Capital companies

          MODULE 2: FUNDS
          • 1 Brief overview of international and KSA regulatory environments for Venture Capital funds

            • Key similarities and differences

              • Universal general concepts

                • The importance of legal guidance

                • 2 The evolution of Venture Capital funds – an international perspective

                  • The roles of the partners

                    • Typical functional structure of a Fund

                      • The Fund life cycle: Capital raising/ Investing/ Managing/ Exiting

                        • Capital drawdowns and capital multiples

                        • 3 The cost of investing

                          • Fee structures: Management fees

                            • The J curve

                            • 4 Return of capital

                              • Recycling and Permanent Capital Vehicles

                                • “European” and “American” style distribution waterfalls

                                  • Practical Exercise: Calculating the distribution waterfall

                                  • 5 Co-Investment

                                    • What is co-investment?

                                      • Co-investment structures – the use of side letters

                                        • Case Example: Capital Dynamics approach to co-investment

                                        • 6 Venture Capital investment strategies

                                          • 7 Major Fund Terms in Legal Documentation

                                            • 8 1. Fund Oversight

                                              • 9 2. The investment team, Investment Committee, Boards, LPACs

                                                MODULE 3: VENTURE CAPITAL INVESTMENT PROCESS
                                                • 1 Venture Capital origination

                                                  • Finding investments: deal sourcing

                                                    • Choosing investments: the screening process

                                                      • Analysis and due diligence

                                                      • 2 Financial analysis:

                                                        • Use and calculation of internal rate of return (IRR)

                                                          • IRR vs MOIC

                                                            • Case Example: Practical application of IRR

                                                              • Practical Exercise: Understanding the shortcomings of IRR

                                                                • Case Example: Practical application MOIC

                                                                  • The challenges of modelling for Venture Capital opportunities

                                                                    • Analysing potential product success and market share

                                                                      • Valuation challenges in early-stage ventures

                                                                        • Impact of company life cycle on valuation

                                                                        • 3 Commercial analysis:

                                                                          • Verifying the opportunity

                                                                            • Evaluating ability to execute

                                                                              • Legal considerations

                                                                                • Evaluation of risk

                                                                                  • General risks

                                                                                    • Risks specific to Venture Capital

                                                                                      • Case Example: A Venture Capital investment that went wrong

                                                                                      • 4 Practical Exercise: Identifying areas of risk in a Venture Capital project

                                                                                        MODULE 4: VALUATION
                                                                                        • 1 Understanding Value and Price

                                                                                          • 2 Differentiating between intrinsic value and price

                                                                                            • 3 The exit driven perspective to Venture Capital investing

                                                                                              • 4 The International Private Equity and Venture Capital (IPEV) guidelines

                                                                                                • Market and replacement cost approaches to valuation

                                                                                                  • Income approach to valuation

                                                                                                    • Understanding and calculating cost of capital

                                                                                                      • Discounted Cash Flow

                                                                                                        • Identifying and understanding valuation pitfalls

                                                                                                          • Incorporating uncertainty

                                                                                                          • 5 Practical Exercise: putting a value on a Venture Capital investment proposal.

                                                                                                            MODULE 5: STRUCTURING A VENTURE CAPITAL INVESTMENT
                                                                                                            • 1 Understanding the capital pyramid

                                                                                                              • 2 Structuring for optimised returns:

                                                                                                                • Equity

                                                                                                                  • Debt

                                                                                                                    • Mezzanine

                                                                                                                    • 3 Equity kickers

                                                                                                                      • 4 PIK loans

                                                                                                                        • 5 How do Venture Capital investment structures differ from Private Equity?

                                                                                                                          • 6 Using hybrid structures to reduce risk and maximise returns

                                                                                                                            • 7 Practical Exercise: Term sheet - a proposed Venture Capital transaction structure

                                                                                                                              MODULE 6: VENTURE CAPITAL INVESTMENT PROCEDURES: Similarities and differences between Venture Capital and Private equity procedures
                                                                                                                              • 1 The Investment Committee

                                                                                                                                • Process

                                                                                                                                  • Preliminary and final investment memorandum

                                                                                                                                    • Case Example: Good and bad Investment Committees

                                                                                                                                    • 2 Documentation

                                                                                                                                      • NDA

                                                                                                                                        • LOI

                                                                                                                                          • Purchase agreement

                                                                                                                                            • SPA/SSA

                                                                                                                                              • SHA

                                                                                                                                              • 3 Terms

                                                                                                                                                • Conditions precedent

                                                                                                                                                  • Representations

                                                                                                                                                    • Pre-emption rights

                                                                                                                                                      • Drag

                                                                                                                                                        • Closing

                                                                                                                                                        • 4 Case study: VC vs. PE investment procedures

                                                                                                                                                          MODULE 7: MANAGING THE VENTURE CAPITAL INVESTMENT
                                                                                                                                                          • 1 Mechanisms of control

                                                                                                                                                            • Board

                                                                                                                                                              • Shareholder

                                                                                                                                                              • 2 Step in rights

                                                                                                                                                                • 3 Case Example: When an investment goes wrong

                                                                                                                                                                  MODULE 8: EXITING A VENTURE CAPITAL INVESTMENT
                                                                                                                                                                  • 1 Different types of investment exit and their applicability to Venture Capital investments

                                                                                                                                                                    • 2 Trade sale

                                                                                                                                                                      • 3 Listing

                                                                                                                                                                        • 4 Secondary

                                                                                                                                                                          • 5 MBO

                                                                                                                                                                            • 6 Leveraged recapitalisation

                                                                                                                                                                              • 7 Case study: successful and unsuccessful exits

                                                                                                                                                                                • 8 Case Study: Evolution of a market

                                                                                                                                                                                  Program Requirements
                                                                                                                                                                                  • Some basic knowledge of Venture Capital would be helpful, but not essential.

                                                                                                                                                                                  -

                                                                                                                                                                                  Program Path

                                                                                                                                                                                  Names of the training programs that are integrated (enriched) with the training program:

                                                                                                                                                                                  • Not Available

                                                                                                                                                                                  Names of the training programs that after the training program:

                                                                                                                                                                                  • Not Available
                                                                                                                                                                                  Program Method
                                                                                                                                                                                  • Lecture
                                                                                                                                                                                  • Case Studies
                                                                                                                                                                                  • Practical Implementation
                                                                                                                                                                                  • Dialogue Teams
                                                                                                                                                                                  • Exercises and assignments
                                                                                                                                                                                  Evaluation Method
                                                                                                                                                                                  • Other
                                                                                                                                                                                  Training Type
                                                                                                                                                                                  • In Class Training

                                                                                                                                                                                  Add Comment

                                                                                                                                                                                  CAPTCHA

                                                                                                                                                                                  Realted Program

                                                                                                                                                                                  Microsoft Excel- Basic Level

                                                                                                                                                                                  With the huge amount of data that must be handled and analyzed every day, it is imperative that you learn how to use a flexible tool to handle equations and statistics professionally, and Microsoft Excel is the most popular tool for doing so. This training program is designed to provide participants with the knowledge and skills needed to organize, analyze and present data, by learning how to perform calculations, use functions, and manage workbooks efficiently and effectively.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Credit Analysis and Decision-Making Mechanisms

                                                                                                                                                                                  Choosing the right credit decision is the first line of defense for preserving lenders' capital, protecting creditors, and maximizing profitability for the bank. In this program, the participant gets familiar with the stages of credit decision-making according to the approved credit policy, the latest strategies for analyzing and calculating credit risks, local and international controls and standards, to be able to make a correct and successful credit decision that controls the expected risks.

                                                                                                                                                                                  Details

                                                                                                                                                                                  CMA Advance Qualification Examination in Compliance

                                                                                                                                                                                  This training program is to provide participants with knowledge and skills necessary to pass the Advanced Qualification Exam in Compliance, presented by the CMA and TFA. The exam is tailored for CMA-licensed compliance and AML officers. This program is designed to familiarize participants with the regulatory environment for financial services as well as local and international regulations, as well as to promote compliance & governance culture, understanding of risks, and shows how to establish an effective compliance function, in addition to identifying key skills in combating main financial crimes.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Fundamentals of Internal Auditing

                                                                                                                                                                                  The internal audit contributes to verifying that the establishment is committed to implementing the internal control systems represented by the policies and procedures established by the management; in order to protecting the assets of the facility and ensuring that it achieves its operational objectives. This program provides participants with the fundamental requirements of internal auditing, starting with the modern concept of internal audit, then standards and procedures for carrying out audit tasks, preparing the plan, designing worksheets, selecting samples, collecting evidences and documentation, and then preparing internal audit reports.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Risk Based Internal Audit Preparation Plan

                                                                                                                                                                                  This program provides participants with the best practices and tools for Risk Based Audit planning aligned with the organization's strategic objectives. Participants will be exposed to international best practices for internal control systems assessment. In addition, this program will enable participants to prepare internal audit reports according to related international standards to improve the effectiveness of the control operations.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Microsoft Excel- Advanced Level

                                                                                                                                                                                  One of the basic skills needed to carry out daily tasks professionally is the ability to use Microsoft Excel to manage and create equations and statistics. This training program is designed to provide participants with the knowledge and skills necessary to use advanced technologies in Excel efficiently and effectively.

                                                                                                                                                                                  Details

                                                                                                                                                                                  IPO Masterclass for Professionals

                                                                                                                                                                                  A company's IPO is one of the biggest strategic decisions it can make during its financial lifespan and is considered the best way to raise capital and expand in the future. Due to the rapid growth of the financial markets، private companies were able to obtain liquidity، expand their shareholder base، and introduce radical structural and operational changes through public offerings. This training program aims to prepare participants with the knowledge، skills، and tools necessary to originate & execute IPOs. This training program aims to prepare participants with the knowledge، skills، and tools necessary to originate & execute IPOs.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Risk Based Internal Audit Plan Execution and Reporting

                                                                                                                                                                                  This program provides participants with the best professional practices for audit engagement planning and execution in an efficient and effective manner where the participants will be exposed to modern audit’s engagement planning and execution tools that are integrated with risk-based audit planning as well as how to utilize technology the enhance the audit activities. Also, the participants will learn about assurance reports, their types, and characteristics while focusing on preparation of internal audit reports in accordance with the international standards and how to perform follow-up activities to ensure the highest value added for organizations and their strategic objectives.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Portfolio Management

                                                                                                                                                                                  Investment opportunities in the financial markets allow you to choose between the shares of many companies listed in the financial markets, and they are usually exposed to different levels of risk and varying levels of returns. Given that the investment options available to the investor are many and different and may reach dozens of stocks and investment funds; This program has been designed to build and manage investment portfolios in line with the types and requirements of investors in the financial market according to the different models for managing the risks related to them to achieve the targeted returns for investors.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Strategies for Optimizing Capital Structure and Maximizing Shareholder Value

                                                                                                                                                                                  In contemporary corporate and project finance the optimisation of entities’ capital structures is a critical process in financial risk management as well as in maximising investor value. Firms’ target capital structure can potentially comprise funding from a number of sources across equity, sukuk, conventional debt including bonds, and in some instances, mezzanine finance in the form of preferred shares and subordinated debt. The capital optimisation process is complex: in addition to its basis in comprehensive capital budgeting assessment of current and expected future availability of appropriate financing in the required form (and acceptable pricing) is required to sustainably support the pursuit of new business opportunities, as well as maintaining existing capital assets, through the cycle. This comprehensive, applied programme covers the key issues and considerations in capital structuring and – via a number of case studies – examines the specific challenges across different sectors and project finance types as well as the dynamic nature of entities’ funding requirements as they evolve.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Property Insurance

                                                                                                                                                                                  Providing the participant, the technical knowledge of property insurance to all the people working in the Property insurance department in the insurance company. During this tailor-made course in property insurance, the candidates will be given a detailed overview of different types of property insurance (Fire and allied perils and All Risk), Business Interruption, and the related reinsurance function.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Anti-Money Laundering and Terrorist Financing- Advanced Level

                                                                                                                                                                                  Fighting money laundering and terrorist financing is a priority for the international community; since these financial crimes threaten the integrity and stability of the financial system and the economy in general, they can also affect the integrity and stability of financial institutions, discourage foreign investment, and distort international flows. As a result, the affected country experiences dire financial instability and poor economic performance. This program deeply explains AML & CTF standards and respective risk management in financial institutions. The program also explains pertinent local and international legislations and leading practices, as well as, the preparation and implementation of ML and TF risk-based programs, including “Know Your Customer” and “Customer Due Diligence” requirements.

                                                                                                                                                                                  Details

                                                                                                                                                                                  Derivative Contracts and its Governance and Regulations

                                                                                                                                                                                  Derivatives in finance are contracts that derives its value from the performance of an underlying asset, that could be an equity, interest rate, currencies, credit instrument, market indices or commodity It is used for the purpose of hedging or speculation. This training program covers the basic principles of financial derivatives and their different types, the underlying assets, the risks associated with them and their mechanism of action. In addition to the governance of derivatives and the related regulations and rules, and the extent of the impact of derivative contracts on the financial market, positively or negatively.

                                                                                                                                                                                  Details
                                                                                                                                                                                  We value your feedback

                                                                                                                                                                                  Dear visitor, we hope that you will participate in improving and developing the services provided by the academy on the website.

                                                                                                                                                                                  Was it easy to find what you were looking for on the Academy's website?
                                                                                                                                                                                  Was the information presented on the Academy’s website sufficient and useful?
                                                                                                                                                                                  Please share with us your suggestions for developing the website
                                                                                                                                                                                  Thank you!