3000 bid points? 4000 bid points? 5000 bid points? SOLD!
Perhaps it’s the world-class professors (Dean Hubbard, Professor Keehner, and Professor Sorensen), or perhaps it’s the engaging speakers – Entrepreneurial Finance is one of the most sought-after classes offered at Columbia Business School.
I was fortunate enough to get into Entrepreneurial Finance, and spent a full Block Week (8am to 8pm) fully immersed in this summer course. A typical day in the week started out with breakfast, followed by a lecture block. Next, guest speakers would come in to showcase their businesses. During our extended lunch, we would work on a case with our group and discuss it with the entire class after we returned. A professor would then close the day with another lecture and we would leave to spend an evening in Watson Library working on group homework assignments.
The days were long but absolutely worthwhile! The course is designed in a way that offered variability and classroom engagement. Speakers came with interesting stories, and even more interesting demos. For example, John Levy, investor and Chairman of BioLite, brought a miniature campstove that burned small sticks of wood while charging an iPhone.
My most memorable day was the one in which our group was selected to role-play VC investors and negotiatedterm sheet terms against another group who played a startup founding team. I was excited by how much better I understood the process after having played though the experience.
Dean Hubbard left the class with the practical advice to learn how to “take the money and run” instead of “board[ing] the Titanic.”
Professor Keehner discussed dealing with uncertainty noting that “sometimes you just can’t get it right because the truth is in the future.”
And Professor Sorensen shared that from the perspective of “10 years ago, you would not recognize the world today. The companies we start today will change the world 10 years from now.”
With all of the wisdom I gained, an unexpected benefit of the class is that when I wave at the Dean in the hallways, I know he knows me when he waves back! I feel like I have learned so much, and the bottom-line: I recommend Entrepreneurial Finance to anyone who wants to better understand the startup landscape.