MGT481 Online Fall 2026
Date range: August 20 - December 4, 2026
New Venture Finance (MGT 481) provides students with working knowledge of financing mechanisms such as friends and family, venture capital, angel investments, and debt instruments for creating and operating a new venture; valuation methods for determining pre- and post-money; creating capitalization tables to track equity ownership assignments and investment rounds.
MGT 300 and MGT 386, MGT 387 may be taken as co-requisite
see this Google doc (updated and published on Simple Syllabus in MyBama)
Three paperback (or ebooks) available at Amazon.com
Founder’s Pocket Guide: Friends and Family Funding $7.99 ($3.03)
ISBN 978-1-938162-11-4
Founder’s Pocket Guide: Startup valuation $7.99 ($3.99)
ISBN-13: 978-1938162046
ISBN-10: 1938162048
Founder’s Pocket Guide: Term sheets and preferred shares $7.99 ($3.99)
ISBN 978-1-938162-06-0
I use instruction materials I have created myself by curating the most recent, best practice sources I track. Those materials are hosted on or linked to from this site. Entrepreneurship is still too young and dynamic for building a course around a textbook, IMHO.
Professor Craig E. Armstrong, Ph.D. | Alston 155 | MGT481BAMA@gmail.com for "formal" course communications | profcraigarmstrong@gmail.com for after course| Group.me for informal communications - quick answers and sudden announcements - I will invite you to the group by the first day of class or sooner by email.
Add MGT481BAMA@gmail.com to your address books now
Course assignments will be submitted through Google Forms linked on each course module webpage. Because the form includes a file-upload field, Google requires you to be signed in to a Google account before you can submit your work.
Google requires you to have a Gmail account OR a google account using, say, your Crimson.UA email address, in order to upload files to a Google a designated folder in your Google Drive. Google enforces authentication to verify the uploader, prevent spam or malicious file uploads, and handle Drive storage permissions. If you already have a gmail account, you're all set.
Here are the links for you to create either 1) a plain Google account with your existing email address or 2) a Gmail account that gives you an "username@gmail.com" address:
Create a google account using an existing email address without creating a Gmail account (I tested this with my UA account; it works)
Create a Gmail account (which also creates a google account)
Please confirm that you can access the assignment submission forms well before the deadline; difficulty signing in at the time an assignment is due does not alter the submission deadline. If you anticipate an access problem, contact me in advance.
Your graded assignments for this course are four AI custom GPTs. Each custom GPT guides you a scenario where you will apply your knowledge of course lessons and judgment about how to apply them. When you have completed a chat session in the custom GPT, you will copy and paste your ENTIRE unedited transcript of the session and save it as a Word or PDF document. Some versions of AI chat hosts allow you to save your session as a PDF, but you are responsible for ensuring that the entire transcript is included in the submission document.
I have organized this course into modules that present topics starting with knowledge and skills you need early in a new venture life cycle, progressing to the harvest stage. A module usually covers a well-defined topic over a 3- or 4-week period with defined objectives and graded activities. Along the way, I hope to engage you and augment your learning experiences with AI tools like custom GPTs for graded activities and practicing what you've learned.
You will turn in a graded activity four tmies during this semester. After viewing the assigned readings and videos, you'll complete a chat session engaging with a custom GPT. These are graded assignments. All assignments are due by 11:59 pm on the published schedule (usually on Sundays). Four assignments ranging in total points from 20 to 30% of your overall grade - all add to 100 total "final" points for the course.