INICIO > PROGRAMAS > ABIERTOS > Finanzas > Entrepreneurial finance and venture capital
Finanzas
Thursday, July 9, 2026
Entrepreneurial finance and venture capital
Summary
| Start date: | Thursday, July 9, 2026 |
| Program duration: | 80 horas (8.0 Unidades de Educación Continua CEUs) |
| Target audience: | Professionals and entrepreneurs aiming to understand how high-growth, high-uncertainty ventures are financed, governed, and scaled in real-world environments, including emerging markets |
| Schedule: | N/A |
| Modality: | Semipresencial |
| Investment: | $1,190 plus IVA Early bird: $952 plus IVA *Applies up to 30 days prior to the start of the program. Review conditions. |
| Program type: | Certificación |
| Background:
This certification provides an analytical and applied introduction to entrepreneurial finance and venture capital, focusing on how high-growth, high-uncertainty ventures are valued, financed, governed, and scaled. Explores the dynamics of entrepreneurial ecosystems, investment decision-making, and startup growth strategies across international markets. Participants will analyze real-world venture capital cases, assess funding stages and investor expectations, and develop a strategic understanding of how entrepreneurs and investors create value in innovation-driven environments. The course culminates in a group-based venture capital fund simulation in which students act as fund managers, selecting and valuing real startups. Group projects will be presented to and evaluated by three fund managers from leading private equity and venture capital firms in Portugal, with combined assets under management exceeding €2.5 billion. Guest speakers will rotate among venture capital fund managers from funds based in Spain, Portugal, Germany, US, and LATAM; angel investors, and founders with proven exits. The objective is to allow students to engage directly with professionals from the LATAM and European venture capital ecosystem. |
Target audience:
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Objectives:
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| Benefits:
Participants gain access to a learning experience designed to strengthen their professional capabilities, apply relevant knowledge, and create value within their organizations.
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Extracurricular activities
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| Modality and duration:
This is a hybrid program with a duration of 80 hours, distributed as follows:
*Depending on the shared activities, their modality may vary. The table presents them in an in-person format. Classes are delivered synchronously and complemented by asynchronous activities and the use of resources on the virtual platform. The program follows an active, participatory, and critical methodology that links theory with practice. Students are required to access the Desire2Learn (D2L) virtual platform to become familiar with it, use the study resources, and complete the virtual activities. Access to the D2L platform remains active from the start of the program until one month after its completion. |
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| Resources and activities:
The program promotes the practical application of knowledge by combining a strong academic foundation with hands-on experiences that enhance active learning. Participants have access to a variety of resources, including presentations, readings, case studies, and audiovisual materials that support conceptual understanding and critical analysis. These are complemented by interactive activities, workshops, forums, cases, and exercises that allow participants to apply the content and develop competencies transferable to the professional environment. |
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Evaluations:
The capstone project must have a minimum passing grade of 70/100. |
*La asignación de docentes podrá ajustarse según disponibilidad o por causas de fuerza mayor.
*Calendario sujeto a cambios por causas de fuerza mayor, desastres naturales o emergencias del profesor.
- SUMMARY
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Summary
Start date: Thursday, July 9, 2026 Program duration: 80 horas (8.0 Unidades de Educación Continua CEUs) Target audience: Professionals and entrepreneurs aiming to understand how high-growth, high-uncertainty ventures are financed, governed, and scaled in real-world environments, including emerging markets Schedule: N/A Modality: Semipresencial Investment: $1,190 plus IVA
Early bird: $952 plus IVA
*Applies up to 30 days prior to the start of the program. Review conditions.Program type: Certificación - DETAILS
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Background: This certification provides an analytical and applied introduction to entrepreneurial finance and venture capital, focusing on how high-growth, high-uncertainty ventures are valued, financed, governed, and scaled. Explores the dynamics of entrepreneurial ecosystems, investment decision-making, and startup growth strategies across international markets. Participants will analyze real-world venture capital cases, assess funding stages and investor expectations, and develop a strategic understanding of how entrepreneurs and investors create value in innovation-driven environments.
The course culminates in a group-based venture capital fund simulation in which students act as fund managers, selecting and valuing real startups. Group projects will be presented to and evaluated by three fund managers from leading private equity and venture capital firms in Portugal, with combined assets under management exceeding €2.5 billion. Guest speakers will rotate among venture capital fund managers from funds based in Spain, Portugal, Germany, US, and LATAM; angel investors, and founders with proven exits. The objective is to allow students to engage directly with professionals from the LATAM and European venture capital ecosystem.
Target audience: - Finance professionals and alumni who wish to deepen their knowledge of entrepreneurial finance and venture capital.
- Startup founders with operational experience looking to enhance their ability to manage and scale their ventures through venture capital strategies.
- Professionals and entrepreneurs aiming to understand how high-growth, high-uncertainty ventures are financed, governed, and scaled in real-world environments, including emerging markets.
- Investment professionals aiming to increase their perspective with other funds' investment strategies, public policy incentives in Europe, and expand their vision comparing the Europe vs LATAM investment industry.
Objectives: - Evaluate startup business models under uncertainty.
- Analyze and structure Venture Capital Term Sheets.
- Apply venture capital valuation methods.
- Understand Venture Capital fund mechanics and fundraising strategies.
- Analyze real case scenarios and industry best practices: Europe vs LATAM.
Benefits: Participants gain access to a learning experience designed to strengthen their professional capabilities, apply relevant knowledge, and create value within their organizations.
- Institutional backing and academic excellence: Certificate awarded by Universidad San Francisco de Quito, through Escuela de Empresas of the School of Business, an institution recognized for its academic quality, international outlook, and commitment to business education and professional performance improvement.
- Practical and applicable learning: The program integrates active methodologies, case studies, simulations, real-world analysis, and applied projects aimed at transferring learning to the workplace.
- Market-aligned content: The curriculum responds to current trends, organizational needs, and the challenges professionals face in dynamic and competitive environments.
- Development of decision-making and action-oriented skills: The program strengthens technical, strategic, and interpersonal competencies to analyze problems, propose solutions, and act effectively in real business scenarios.
- Connection with a business community: Participants gain access to talks, forums, conferences, and events that promote networking, knowledge exchange, and the development of valuable professional relationships.
- Engagement with experts and strategic partners: Escuela de Empresas collaborates with organizations, faculty, and consultants with applied experience, enriching the learning process with a practical business perspective.
- Virtual flexibility: Access to Desire2Learn (D2L) enables participants to review materials, engage academically, and manage their learning flexibly.
- Continuing education benefits: Participants receive preferential discounts on open-enrollment programs from Escuela de Empresas, supporting an ongoing development pathway.
- Purpose-driven education: The program fosters professionals capable of creating value, improving team performance, and contributing ethically and effectively to organizational growth.
- CONTENT
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Foundations & emerging market context
Covers entrepreneurial finance vs. corporate finance, business model analysis, free cash flow forecasting, and three-stage valuation. Alongside this technical foundation, a dedicated session introduces the real dynamics of venture capital in emerging markets contrasting LatAm with European and U.S. ecosystems including structural gaps, capital constraints, exit challenges, and real-world cases of success and failure. The goal is to ground academic frameworks in actual market conditions, building strategic understanding beyond theory.
Valuation, uncertainty & investment decisions
Covers the Venture Capital Method, ownership and dilution across rounds, multi-stage financing as experimentation, and decision trees and real options. Participants simultaneously analyze real startups sourced from the Ecuacap ecosystem and present investment recommendations before a simulated Investment Committee composed of active practitioners, replicating the actual dynamics of VC investment evaluation and developing decision-making capabilities under real uncertainty.
Masterclass: AI Tools for fund management workshop
Daily AI tools for LPs and fund managers; AI-assisted fund operations; deal sourcing and screening; diligence workflows; portfolio monitoring; investor communications; LP reporting; CRM automation; meeting preparation; document analysis; risk management; practical prompts and workflow design.
Deal structure & seed financing
Covers preferred stock, liquidation preferences, control and governance mechanisms, convertible notes, SAFEs, and early-stage ecosystems including angels and accelerators. A hands-on workshop built around real, anonymized term sheets from the LatAm and European region runs in parallel, participants analyze, compare, and negotiate deal structures covering both economic and control terms, bridging the gap between contractual theory and actual execution.
Fund economics, strategy & integration
Covers LP-GP structure, carried interest, fund performance and return persistence, portfolio strategy, and emerging VC models. A masterclass on how venture capital funds are raised in practice at a regional level runs alongside sourcing LPs, fund structuring, building track records, and navigating the particularities of the emerging market context.
Portfolio Management and exits
Delivered by representatives from BlueCrow Capital (€800M AUM) and Cedrus Capital (€230M AUM). Focuses on the practical aspects of managing portfolio companies post-investment and executing successful exits. It covers value creation strategies, governance, performance monitoring, and exit planning across different stages.
Capstone project: venture capital fund simulation
Students act as fund managers, designing a €10 million fund and constructing a portfolio of at least 5 startups. Each group submits a professional investment memo covering fund thesis, startup selection, capital allocation, and portfolio-level rationale. Through Ecuacap's ecosystem integration, top-performing teams gain access to real startups, industry actors, and post-course opportunities including mentorship, exposure, and networking. Projects are evaluated by fund managers overseeing more than €2.8 billion in assets under management. The project hours will be delivered in an integrated manner throughout the program. The final session (4 hours) will be dedicated to the final presentations.
Extracurricular activities
Complementary talks
Aligned with the USFQ Liberal Arts philosophy, in which all areas of knowledge are equally relevant and contribute to intellectual development, this program includes talks on various current topics of interest. These are open to the general public or form part of other programs. This space strengthens the academic content of the program, and attendance is optional.
Business forum
The business forum is a meeting space between participants and panelists; entrepreneurs, business leaders, professors, and experts, who will share their perspectives, trends, and best practices. Forums will be organized according to the annual schedule, with participation from students in non-degree programs and master’s programs at Escuela de Empresas.
- METHODOLOGY
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Modality and duration: This is a hybrid program with a duration of 80 hours, distributed as follows:
Description Total hours duration Face-to-face hours Synchronous hours (videoconferences) Asynchronous hours (self-directed) Courses or modules 50 4 46 0 Extracurricular activities Virtual platform training (D2L) (self-directed) 2 0 0 2 Self-directed study for program preparation 12 0 0 12 Self-directed study for project preparation 12 0 0 12 Liberal arts and business talks 2 2 0 0 Business forum 2 2 0 0 Total hours of the program 80 8 46 26 *Depending on the shared activities, their modality may vary. The table presents them in an in-person format.
Classes are delivered synchronously and complemented by asynchronous activities and the use of resources on the virtual platform. The program follows an active, participatory, and critical methodology that links theory with practice. Students are required to access the Desire2Learn (D2L) virtual platform to become familiar with it, use the study resources, and complete the virtual activities. Access to the D2L platform remains active from the start of the program until one month after its completion.
Resources and activities: The program promotes the practical application of knowledge by combining a strong academic foundation with hands-on experiences that enhance active learning. Participants have access to a variety of resources, including presentations, readings, case studies, and audiovisual materials that support conceptual understanding and critical analysis. These are complemented by interactive activities, workshops, forums, cases, and exercises that allow participants to apply the content and develop competencies transferable to the professional environment.
Evaluations: - The program requires participation, attendance, and the completion of evaluation activities assigned by the instructor.
- The capstone project must have a minimum passing grade of 70/100.
- Specifically, participants must achieve a minimum score of 70% in the following activities:
Category Detail Weight Rubric Attendance and participation Attendance to classes
Class participation30% Attendance and participation Assignments Assignments
Activities
Lectures20% Assignments Capstone project Capstone project 50% Capstone project The capstone project must have a minimum passing grade of 70/100.
- FACULTY
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*La asignación de docentes podrá ajustarse según disponibilidad o por causas de fuerza mayor.
- SCHEDULE
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*Calendario sujeto a cambios por causas de fuerza mayor, desastres naturales o emergencias del profesor.