<已截止> 2023/7/15 (星期六)【新藥開發系列】新創公司的價值：創投與創業者之間的對談  Values of Start-ups : Dialogue between VC and Entrepreneur

一、前言介紹 Introduction

1. 創業者的要求 vs 創投的要求 Entrepreneur Asks vs VC Asks
2. 成藥性 — 療效、安全性、類藥性、智財權保護與其他 Druggability — Efficacy, Safety, Drug-like, IP protection and Others
3. 創業者和創投的相反看法 Opposing Views between Entrepreneurs and Venture Capital 

二、資本市場中的資金來源與不同經濟體系 Funding Chain and Financial Commodity Types in the Capital Market

三、創投 Venture Capital

1. 創投是什麼? What is a VC Fund?
2. 創投所創造的價值 Value Created by VC
3. 創投對經濟體系的影響 VC’s Impact on the Economic System
4. 創投對新創公司的益處 VC’s Benefits to Startups
5. 創投的營運目標 Objectives of VC’s Operations
6. 創投的體制特徵 VC’s Institutional Feature

四、創投公司的作業模式 Venture Capital Firms Work

1. 典型的創投募資流程 The Investment Process of a Typical VC Fund
2. 產業的篩選 Sector Selection
3. 專案篩選的條件 Project Selection Criteria
   A. 管理團隊的品質 Management Team’s Quality
   B. 商業計畫書 Business Plan
   C. 技術、產品與目標市場 Technology, Product and Target Market
   D. 潛在銷售量與預期報酬率 Potential Sales and Expected Returns

五、生技創投的評估 BioVC Assessments

1. 執行長與團隊 CEO and the Team
2. 產品、智財權(專利組合/佈局)與創新 Products, IP (patent portfolio) and Innovation
3. 財務結構 Finance
4. 合夥人與現有投資人 Partner(s) and Existing Investors
5. 營運模式 Operation Model
6. 獲利模式與退場機制 Profit Model and Exit Mechanism
7. 從創投的思維切入 How Does a VC Think
    A. 內部報酬率 Internal Rate of Return
    B. 風險最小化 Minimizing Risks

六、募資的啟動 Initiation a Fundrasing

1. 募資對象 With Whom to Raise Funds
2. 如何接觸創投 How to Approach a Venture Capitals
3. 該做與不該做 To Do and Not To Do

七、募資計畫的發起 Initiation a Fundraising Plan

1. 新創公司的啟動流程 The Process of Starting-up 
2. 創投所注入的資源 Resources Injected by VC
3. 募資籌備流程 Fundraising Preparation Process
4. 創業者需要思考的事情 Things for the Entrepreneur to Think about
5. 如何與創投溝通 How to Communicate with VCs
    -該做與不該做 To Do and Not To Do 

八、募資計畫的核心重點 The Core Focus of the Fundraising Plan

1. 執行長與團隊 CEO & the Team
2. 商業計劃書與簡報技巧 The Business Plan and Presentation Skill
3. 創投關注的是未揭露的資訊 VC is Listening for What is Unsaid
4. 投資條件書 The Term Sheet
5. 任何事都是可協商的 Everything is Negotiable
6. 該做與不該做分析 To Do and Not To Do Analysis

九、盡職調查策略 Due Diligence Strategies

1. 檢視盡職調查 Screening Due Diligence
2. 商業盡職調查 Business Due Diligence
3. 法律盡職調查 Legal Due Diligence
4. 結論 Conclusions

十、退場機制與策略 Exit Mechanism and Strategies

十一、企業失敗案例的常見原因 Common Causes of Business Failure