Welcome to the Private Equity & Venture Capital course. I don't want to start with the introduction of the course. The course is based on four different parts that cover a lot of topics related to private equity and venture capital. The first part is related to discovering the taxonomy of a private equity and venture capital. That means to discover a lot of business behind the definition of private equity and venture capital. The second part is devoted to legal issues and taxation. In finance, legal issues and taxation are really fundamental because it means to deal with the vehicle you are going to use to invest in private equity and venture capital. But it also means to discover the mechanism announcing performance. The third part is related to the so-called managerial process. That means to understand all the fundamental activities and topics related to private equity and venture capital entities investing money of investors. And the last part is related to company valuation and deal making.
Every time you're going to invest in private equity and venture capital you have to valuate the company, but the valuation is completely different in the different deals of private equity and venture capital. Let's imagine, for example, an IPO, or the financing of a startup or a structure of a company. In all cases you are talking about private equity and venture capital, but the deals are completely different. The last aspect is related to the pay off. I do believe in whatever kind of course, the payoff is fundamental; and the payoff of this course is related to the fact you are going to understand all the secrets, all the relevant mechanisms behind the private equity and venture capital industry.
And that's relevant for a very huge audience which is made by students, by managers, by consultants, by entrepreneurs, by young entrepreneurs willing to launch a startup, but also by analysts belonging to the financial industry, and people and practitioners working in the private equity and venture capital industry.