Prerequisites适合人群

适合年级 (Grade): 高中生/大学生

适合专业 (Major): 金融学、风险管理、创业管理、区块链、加密货币、IPO、金融科技等金融商科专业，或者希望对金融科技/去中心化研究/虚拟资产投资有所了解的学生；学生需要具备金融基础

Instructor Introduction导师介绍
Sh.Bn.
哈佛大学 Harvard University讲席终身教授


Sh.Bn. 导师现任哈佛大学商学院讲席终身教授，曾任斯坦福大学商学院教授，在斯坦福大学讲授创业融资课程，导师毕业于哈佛大学，拥有哈佛大学商学院博士学位。Sh.Bn. 导师的研究兴趣聚焦创业融资与企业金融，在国际期刊发表风险投资、投资策略、资产配置方向论文十余篇。他的论文曾获得Journal of Finance（JF；金融领域学术期刊Top1）较佳论文奖。导师出众的研究成果获得了业内广泛的认可，目前导师同时担任NBER的研究员。美国经济研究局NBER是一个美国私营、非营利的机构, 同时亦是美国较大的经济学研究组织。目的是研究经济的运作，进行实证的经济学研究。三十一个美国诺贝尔经济学奖得奖者中有十六位曾是美国经济研究所的研究员。 美国经济研究所于1920年创办。不少的经济学者如小罗伯特·卢卡斯、罗伯特·巴罗、保罗·克鲁曼也是其研究员。同时导师也担任斯坦福经济研究所的研究员。

Shai Bernstein is the Marvin Bower Associate Professor in the Entrepreneurial Management Unit at Harvard Business School and a Faculty Research Fellow at the National Bureau of Economic Research (NBER) in both the Corporate Finance group and the Productivity, Innovation, and Entrepreneurship group. Much of his research focuses on financial issues related to start-ups, and high growth firms, and the interaction of these issues with innovation and entrepreneurial activity. He teaches the Entrepreneurial Finance course in the MBA elective curriculum. Shai completed his Ph.D. in Business Economics at Harvard University. Prior to joining Harvard Business School, Shai spent eight years as a faculty at Stanford Graduate School of Business.


任职学校 ...展开 

Program Background项目背景

区块链技术是一种去中心化的大数据系统，是数字世界里一切有价物的公共总账本，是分布式云计算网络的一种具体应用。一旦区块链技术成为未来互联网的底层组织结构，将直接改变互联网的治理机制，较终彻底颠覆现有底层协议，导致互联网金融的智能化、去中心化，并产生基于算法驱动的金融新业态，一旦成熟的区块链技术落地金融业，形成生态业务闭环，则金融交易可能会出现接近零成本的金融交易环境。加密货币行业正在迅速发展，许多人把它的出现比作早期互联网的崛起。而相关的 "web3 "商业范式有可能从根本上重塑互联网平台的竞争，让用户对他们的数字资产有更多的控制权，并有更多的能力在平台之间无缝移动。此外，它还有望从根本上建立一个非中介化的金融和支付轨道，从而彻底改变价值在的转移方式。很少有技术能吸引如此多的关注，但与此同时，web3也令人困惑，甚至两极分化。随着我们的生活变得越来越数字化，web3有可能通过改变所有权、货币和身份，极大地影响我们的数字原生互动。 The crypto industry is rapidly advancing, with many likening its emergence to the rise of the early Internet. And the associated "web3" business paradigm holds the potential to fundamentally reshape Internet platform competition, by giving users more control over their digital assets, and more ability to move seamlessly between platforms. Moreover, it holds the promise of building from the ground up a disintermediated financial and payment rails that could revolutionize how value is transferred around the globe. Very few technologies attract so much attention, but at the same time, web3 is confusing and even polarizing. As our lives are becoming increasingly digital, web3 has the potential to dramatically influence our digital-native interactions, by transforming ownership, money, and identity. 

Program Description项目介绍


该课程的主要目标是了解区块链的构建模块，以及这项技术是如何运作的。同时深入了解什么是数字资产，可替代和不可替代的加密代币在实现新型股权和金融交易方面有什么作用。然后，我们将探讨区块链和加密货币的各种案例，如支付、去中心化金融、游戏金融和自主权身份。我们将评估不用情况下的去中心化价值，以及在行业现状和潜在的大规模数字金融交易之间的主要障碍和风险。同时，该项目将以课程和案例研究结合的形式，以提供对初创公司及其投资者所面临的创业管理与融资管理增加更深入的理解，本项目也将关注创业融资中的核心理论与应用，尤其在金融科技加持下的企业创业管理。： 项目理论目标 1. 识别并解释投资初创公司所面临的挑战，并评估这些投资的回报机会。 2. 了解企业金融生态系统中不同类型公司的金融投资和融资动机及其目标，以及如何合理规划融资资本 3. 了解风险资本的投资者是如何评估风险投资因素，以及用什么样的证券股权类型为公司融资 4. 评估初创公司在管理和运营中的优劣势，包括金融科技的加持作用，并了解这些是如何影响其融资策略 5. 将这些概念和框架应用到真实公司的案例中进行深度分析与解构。

The main goal of the course is to understand blockchain building blocks, and how does this technology works. Then, understand what digital assets are, what are the purposes of both fungible and non-fungible crypto tokens in enabling new types of ownership and exchange. We will then explore various use cases of blockchains and cryptocurrencies such as payments, decentralized finance, gaming and self-sovereign identity. We will assess when decentralization is valuable and what are the main hurdles that stand between current state of the industry and potential mass adoption. The program combines lectures and case studies to provide a deeper understanding of the financial challenges faced by startup companies and their investors. Theoretical Objectives 1. Identify and explain the challenges that arise from investing in startup companies, and evaluate such opportunities. 2. Understand the incentives and goals of different types of players in the ecosystem and how contracts are designed to align incentives. 3. Understand how venture capital and other investors are thinking about valuing early-stage ventures, and what kind of securities are used to finance such companies. 4. Evaluate the strengths and weaknesses of startup companies and understand how these affect their financing strategies. 5. Apply these concepts and frameworks to cases of real companies.  


Instructor Information导师二介绍
Ian. Y.
清华大学教授

荣获敦政治经济学院LSE 金融博士学位

荣获 FMA Semi-Finalist Best Paper 论文（2022）

Syllabus项目大纲

创业管理与公司金融 General introduction to entrepreneurial finance

企业估值与股权合约 Valuations and contracts in entrepreneurial finance

种子轮融资与天使投资人 Seed financing and angel investors

初创企业债务融资 Can startups use debt? Understanding venture debt

公开募股IPO：Initial public offerings

区块链/Web3：Blockchain/Web3

去中心化金融与加密货币交易投资：Decentralized Finance and cryptocurrency exchanges

加密货币的金融借贷与数字金融系统构建：Decentralized Finance, payment and stablecoins

项目回顾与成果展示 Program Review and Presentation

论文辅导 Project Deliverables Tutoring

Program Outcome项目收获

2周专业预修＋2周在线科研+2周深入面授科研与企业Workshop

与诺贝尔奖得主交流机会

项目报告

学员获主导师Reference Letter

EI/CPCI/Scopus/ProQuest/Crossref/EBSCO或同等级别索引国际会议全文投递与发表指导（共同一作或独立一作可选）

结业证书

成绩单