Start up business

1. START-UP BUSINESS
LECTURER: TRAN DAI TRANG
https://corporatefinanceinstitute.com/
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2. I. MERGERS & ACQUISITIONS
(M&A)
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3. 1. MERGERS & ACQUISITIONS (M&A)
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•Mergers and acquisitions (M&A) refer to
transactions involving two companies that combine
in some form.
•M&A transactions can be divided by type
(horizontal, vertical, conglomerate) or by form
(statutory, subsidiary, consolidation).
•Valuation is a significant part of M&A and is a
major point of discussion between the acquirer and
the target.

4. 2. Merger and Acquisitions (M&A) Transactions - Types
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5. 4. Merger and Acquisitions (M&A) Forms of Integration
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1. Statutory
Statutory mergers usually occur when the acquirer is much larger than
the target and acquires the target’s assets and liabilities. After the deal,
the target company ceases to exist as a separate entity.
2. Subsidiary
In a subsidiary merger, the target becomes a subsidiary of the
acquirer but continues to maintain its business.
3. Consolidation
In a consolidation, both companies in the transaction cease to exist
after the deal, and a completely new entity is formed.

6. 5. Reason for Mergers and Acquisitions (M&A) Activity
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1. Unlocking synergies
2. Higher growth
3. Stronger market power
4. Diversification
5. Tax benefits

7. 6. Form of Acquisition and Valuation
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1. Stock purchase
2. Asset purchase
1. Discounted cash flow (DCF)
method
2. Comparable company
analysis
3. Comparable transaction
analysis

8. II. START-UP AND SOURCES OF CAPITAL
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9. Topic discussion:
Opportunity: wait for it or
create for it
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https://www.youtube.com/watch?v=12K5qPpKp1w

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1. Customer development process

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Topic discussion:
WHAT ARE CUSTOMER NEEDS?
To deliver value to your customers, you must have a
clear understanding of their needs.
A customer need is a problem that a person is trying
to solve, which motivates them to seek a product or
service to do so. There are several types of customer
needs, including functional, social, and emotional
needs.
Discuss your team on the business idea starting from
customer need

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2. Sources of Capital

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3. Sources of Capital – Crowdfunding
The 6 Best Crowdfunding Platforms of 2023
•Best Overall: Indiegogo
•Best for Start-ups : SeedInvest Technology
•Best for Non-profits : Mightycause
•Best for Investing : StartEngine
•Best for Individuals: GoFundMe
•Best for Creative Professionals: Patreon
https://www.gofundme.com/c/how-it-works
https://www.seedinvest.com/about

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4. Sources of Capital – Angle Investor

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5. Investment Round

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5. Investment Round