take the lens of a venture capitalist and research an opportunity of interest to deliberate whether or not you would invest AUD500K. This task is important for anyone aiming to get involved in the world of entrepreneurship for two main reasons: (1) understanding some aspects of the due diligence process is crucial for all entrepreneurs as this will help them capture the expectations of investors and enhance their ability to raise capital; (2) deliberating as to whether or not a business or a business idea is a good opportunity helps develop a framework to which entrepreneurs can refer when evaluating their own venture.
As this is a foundations course and a general introduction to entrepreneurship, you will primarily be asked to look into the features of the business, market, industry, trends, forms of entrepreneurship, resources and capital structure. You are not expected to analyse the business using complex financial and valuation models as this angle of analysis is beyond the scope of this course. The aim is to analyse the opportunity by referring to entrepreneurship concepts and theory.
You are asked to choose a business that is either (1) already listed or is about to get listed as a public company on a stock exchange (e.g. ASX, NASDAQ, LESG, New York Stock Exchange, Ethereum, etc.), or (2) a new start-up that is currently part of an accelerator, or is being funded by venture capital firms. Remember that the easier it is to find information about the opportunity at hand and its market/industry, the better the analysis and deliberation. The business to be analysed need to be founded within the past 15 years, no more. Avoid the large organizations such as Google, Facebook, Linkedin, Amazon, Tesla, etc.
In-depth research is required in this task and the provision of information from different sources is needed in order to make a rational decision. You can use industry and market reports to analyse the context of the opportunity. You can refer to interviews, press releases, annual reports, announcements or any information published by the business or its related stakeholders. If not published by the business or related stakeholders, avoid using blogs, news articles, vlogs or any types of content that consist of point of views rather than evidence based work.