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Entrepreneurship in Biotechnology

Entrepreneurship in Biotechnology. Columbia University Graduate School of Arts and Sciences BIOT 4180. Week 6. More Accounting and Finance. agenda. Homework Review discounted cash flow Financial statement diagnostics Debt Equity Basic equity sales. agenda. Homework

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Entrepreneurship in Biotechnology

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  1. Entrepreneurship in Biotechnology Columbia University Graduate School of Arts and Sciences BIOT 4180 Columbia University GSAS BIOT 4180

  2. Week 6 More Accounting and Finance Columbia University GSAS BIOT 4180

  3. agenda • Homework • Review discounted cash flow • Financial statement diagnostics • Debt • Equity • Basic equity sales

  4. agenda • Homework • Review discounted cash flow • Financial statement diagnostics • Debt • Equity • Basic equity sales

  5. Discounted Cash Flow Columbia University GSAS BIOT 4180

  6. agenda • Homework • Review discounted cash flow • Financial statement diagnostics • Debt • Equity • Basic equity sales

  7. questions • Can the company pay its bills? • How profitable is the product(s)? • How much of the company would I own if I buy stock? • What are my options worth? • What is the cash burn? • Can the company raise money?

  8. questions • Can the company pay its bills? • How profitable is the product(s)? • How much of the company would I own if I buy stock? • What are my options worth? • What is the cash burn? • Can the company raise money? • Balance sheet: working capital • Income statement: gross margin • Balance sheet: capital structure • Cash burn: cash flow statement • Cash flows (debt), cap structure (equity)

  9. Balance sheet Columbia University GSAS BIOT 4180

  10. questions • Can the company pay its bills? • How profitable is the product(s)? • How much of the company would I own if I buy stock? • What are my options worth? • What is the cash burn? • Can the company raise money? • Balance sheet: working capital • Income statement: gross margin • Balance sheet: capital structure • Cash burn: cash flow statement • Cash flows (debt), cap structure (equity)

  11. Income Statement with product sales Columbia University GSAS BIOT 4180

  12. questions • Can the company pay its bills? • How profitable is the product(s)? • How much of the company would I own if I buy stock? • What are my options worth? • What is the cash burn? • Can the company raise money? • Balance sheet: working capital • Income statement: gross margin • Balance sheet: capital structure • Cash burn: cash flow statement • Cash flows (debt), cap structure (equity)

  13. Simple Cap Structure Columbia University GSAS BIOT 4180

  14. Complex cap structure Columbia University GSAS BIOT 4180

  15. questions • Can the company pay its bills? • How profitable is the product(s)? • How much of the company would I own if I buy stock? • What is the cash burn? • Can the company raise money? • Balance sheet: working capital • Income statement: gross margin • Balance sheet: capital structure • Cash burn: cash flow statement • Cash flows (debt), cap structure (equity)

  16. Cash Flow Statement Columbia University GSAS BIOT 4180

  17. questions • Can the company pay its bills? • How profitable is the product(s)? • How much of the company would I own if I buy stock? • What is the cash burn? • Can the company raise money? • Balance sheet: working capital • Income statement: gross margin • Balance sheet: capital structure • Cash burn: cash flow statement • Cash flows (debt), cap structure (equity)

  18. agenda • Homework • Review discounted cash flow • Financial statement diagnostics • Debt, equity and convertible debt • Basics of equity sales

  19. agenda • Homework • Review discounted cash flow • Financial statement diagnostics • Debt • Equity • Basics of equity sales

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