5 thoughts on “wholesale crystal jewelry and hair accessories What is venture capital”
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wholesaler jewelry thailand Investment refers to the process of signing an agreement with the other party for specific purposes to promote social development, realize mutual benefit, and transport funds. In order to obtain income or value appreciation in a certain period of time in the future, the subject of a specific economy will put enough amounts of funds to a certain field or the economic behavior of the currency equivalent of the physical objects in a certain period. It can be divided into physical investment, capital investment and securities investment. The former is invested in enterprises with currency and obtained certain profits through production and operation activities. The latter is to purchase stocks and corporate bonds issued by currency purchases to indirectly participate in the profit distribution of enterprises.
wholesale fair trade jewelry india Venture Investment (VC) is Venture Capital (Venture Capital) for the shortness of VC The concept with specific connotation in my country, in fact, it is more appropriate to translate it into entrepreneurial investment. Visible investment refers to all investment in all high -risk and high -potential income; narrow risk investment refers to investment and operation technology -intensive products based on high -tech. According to the definition of the United States National Investment Association, venture capital is a kind of equity capital among the emerging, rapidly developing and rapidly competitive potential companies invested by professional financialists. From the perspective of investment behavior, venture capital is the research and development field of high -tech and products that invest in capital with failed risks. Investment process. From the perspective of operation methods, it refers to the process of investing in risk capital to high -tech enterprises under the management of professional talent management to particularly potential high -tech enterprises. A way of investment.
[Operation method of venture capital]
The risk investment generally operates in the method of risk investment funds. In the legal structure, venture capital funds adopt a limited partnership, while the venture capital company manages the fund's investment operation as an ordinary partner and receives corresponding compensation. Adopting a limited partnership venture capital fund in the United States can obtain tax incentives, and the government also encourages the development of venture capital in this way.
[Six elements of venture capital]
The risk capital, venture capital, investment objects, investment period, investment purpose and investment methods constitute the six elements of venture capital.
. Risk capital
The risk capital refers to a kind of capital of emerging companies with rapid growth provided by professional investors and has great appreciation potential. Risk capital enters these enterprises by purchasing equity, providing loans or both purchasing equity and providing loans. The source of risk capital vary from the country. In the United States, 32%of individuals and family funds in all risk capital in 1978; followed by foreign funds, 18%; and again, the funds of insurance companies, annuity and large industry companies, accounting for 16%, 15%and 10%, respectively. By 1988, the proportion of annuity rose rapidly, accounting for 46%of all risk capital, followed by foreign funds, donations and public funds, and large companies' industrial funds, accounting for 14%, 12%, and 11%, respectively. The proportion dropped sharply, accounting for only 8%. Unlike the United States, the risk capital of European countries mainly comes from banks, insurance companies and annuity, accounting for 31%, 14%, and 13%of all risk capital. Among them, banks are the main sources of European risk capital, and individuals and families Funds account for only 2%. In Japan, as long as risk capital comes from financial institutions and large companies' funds, 36%and 37%are respectively. Followed by foreign funds and securities companies, each accounts for 10%, and individuals and family funds are only 7%. Divided by investment, risk capital is divided into two types: direct investment funds and guarantee funds. The former enters the invested enterprise by purchasing equity, mostly private capital; while the latter provides financing guarantees to help the invested enterprises, and most of them are government funds.
. Risk investors
The risk investors can be divided into the following four categories:
▲ A risk capitalist.
. They are entrepreneurs who want to invest in other entrepreneurs. Like other venture investors, they have made profits through investment. But the difference is that all the capitals invested by risk capitalists belong to themselves, not the capital of entrustment management.
▲ B venture capital company.
The types of risk investment companies are many, but most companies invest in venture capital funds. These funds generally use limited partnerships as organizations.
▲ ▲ C Industrial Affiliated Investment Company.
The investment companies are often independent venture capital institutions under some non -financial industrial companies. They invest on the interests of the parent company. Such investors usually invest in some specific industries. Like traditional venture capital, an industrial auxiliary investment company also needs to evaluate the investment proposal submitted by the investing company, conduct in -depth enterprises for their dedicated investigations and look forward to getting higher returns.
▲ D angel investor. The investors usually invest in very young companies to help these companies start quickly. In the field of venture capital, the word "angel investor" refers to the first batch of investors of entrepreneurs. These investors invested funds in the company's products and business molding.
. Investment purpose
. Although risk investment is an equity investment, the purpose of the investment is not to obtain the ownership of the enterprise, not for holding, nor to operate an enterprise Instead, the investment enterprises are made through investment and providing proliferation services, and then the investment returns are achieved through public listing (IPO), merging acquisitions or other ways to exit.
. Investment period
The risk investors help enterprises grow, but they eventually seek channels to withdraw investment to achieve proliferation. The length of time that risk capital is interval between investment companies to withdraw from investment is called the investment period for venture capital. As a type of equity investment, the term of venture capital is generally long. Among them, the venture capital investment usually enters the maturity period within 7 to 10 years, while most of the subsequent investment is only a few years.
. Investment objects
The industrial fields for venture capital are mainly high -tech industries. Taking the United States as an example, computers and software accounted for 27%in 1992; followed by the health care industry, which accounted for 17%; again, the communication industry, accounting for 14%; the biotechnology industry accounted for 10%.
. Investment method
In investment in the nature of investment, there are three ways to invest in risk investment: First, direct investment. The second is to provide loans or loan guarantees. The third is to provide some loans or guarantee funds investing in a part of the risk capital to purchase the equity of the invested enterprise. But no matter what investment method, venture capitalists generally provide proliferation services. There are two different ways to enter in venture capital. The first is to invest in the investment enterprises in batches in batches. This situation is more common, which can reduce investment risks and help accelerate capital turnover; the second is a one -time investment. This method is not common. Generally, risk capitalists and angel investors may adopt this method. After one investment, it is difficult to provide subsequent financial support.
[Features of venture capital]
1, the investment object is a small and medium-sized enterprise in the entrepreneurial period (Start-up), and most of them are high-tech enterprises;
2, the investment period is at least 3-5 years. The investment method is generally equity investment, usually accounting for about 30%of the invested enterprise, not requiring controlling equity, no guarantee or mortgage; r; r; n 3, investment decision decisions are based on high professionalism and proceduralization;
4, Venture (Venture) is generally actively participating in the management and management of the invested enterprise, providing Value -added service;
In addition to the seedling period (SEED) financing, venture capitalists generally meet the financing needs of the development stages in the future;
5, due to due to The purpose of investment is to pursue excess returns. When the invested company appreciates, venture capitalists will withdraw capital through listing, acquisition of mergers or other equity transfer methods to achieve value -added.
[Features of venture capital]
The risk investment is a type of equity capital (Equity), not borrowing capital. The equity capital invested by venture capital as a risk enterprise generally accounts for more than 30 % of the total capital of the enterprise. For high -tech innovation companies, venture capital is a expensive source of funds, but it may be the only feasible source of funds. Although bank loans are relatively cheap, bank loans avoid risks and safety, and high -tech innovation companies cannot get it.
The risk investment mechanism is completely different from bank loans. The difference is that: First, bank loans talk about security and avoid risks; while venture capital prefers high risk projects, hidden high returns after chasing high risks, It is intended to manage risks and drive risks. Secondly, bank loans are based on liquidity; while risk investment is characterized by non -liquidity, seeking growth in relatively non -flow. Third, bank loans pay attention to the current status of the enterprise, the current capital turnover and repayment capabilities of the enterprise; and the risk investment will look at future revenue and high growth. Fourth, the bank loan assessment is physical indicators; and the risk investment assessment is whether the management team of the invested enterprise has the level of management and entrepreneurship, and the assessment is a high -tech future market. Finally, bank loans need to be mortgaged and guaranteed. It is generally invested in enterprises at growth and mature stages, while venture capital should not be mortgaged, and it should not be guaranteed. It invests in emerging, high -speed growth companies and projects.
The risk investment is a long -term (average investment period is 5-7 years) with poor liquidity capital. Under normal circumstances, venture capitalists will not put all risk capital into risk -risk enterprises at a time, but in order to inject funds in batches with the growth of enterprises.
The risk investors are both investors and operators. Different risk investors are different from bankers. They are not only financialists, but also entrepreneurs. They are both investors and operators. After investing in venture capitalists, venture capitalists joined the business management of the enterprise. In other words, venture capitalists provide not only funds, but also professional expertise and management experience.
The risk investor holds about 30%of the shares in risk companies, and their interests are closely linked to the interests of risk companies. Risk investors not only participate in the long -term or short -term development planning of the enterprise, the determination of the company's production goals, the establishment of an enterprise marketing plan, but also to participate in the capital operation process of the enterprise, add investment or create capital channels for enterprises, and even participate in important enterprise personnel personnel. Employment and dismissal.
The risk investment will eventually withdraw from risk companies. Although venture capital is invested in equity capital, their purpose is not to obtain corporate ownership, but to make profits, to withdraw rich profits and prominent achievements from risk enterprises.
The risk investment has three ways to withdraw from risk enterprises: the first public issuance (IPO, Initial Public Offering); merging and acquisition of share capital by other companies; bankruptcy liquidation. Obviously, it is the goal of risk investors to reach the first public listing and distribution. Bankruptcy liquidation means part or loss of risk investment.
This to exit, to a certain extent is the sign of successful investment. Before making investment decisions, venture capitalists formulated specific exit strategies. The withdrawal decision is profit distribution decision. How and when and when will exit can maximize the income of venture capital to the best withdrawal decision.
[Top Ten Lies of Risk Investors]
1. "I like your company, but my partners don't like it." In other words, "No "". The person in charge of this project is just a person who wants entrepreneurs to believe that he is a good person, a smart person, and can truly understand everything that entrepreneurs do; but "others" are not like this, so don't blame him. This is shirk responsibility; don't believe that other partners do not like the nonsense as he likes this project. If he really likes it so much, he will definitely invest in money.
2. "If you can find other VCs to invest first, let's follow." In other words, "NO". Just like an ancient Japanese proverb, "If your aunt has courage (Note 1), she is your uncle." Of course, Auntie, so this is nonsense. The venture capitalist who says this actually says, "We are not optimistic about this business, but if Sequoia (Note 2) first invests, we will follow the trend." In other words, once entrepreneurs do not need money, The venture capitalists will be willing to give him more -this is as if you are saying "once you see Larry CSONKA no longer shudder, we will help you deal with him." And the entrepreneur wants to hear "If you can't find it, you can't find it Go to other VCs first, let's invest. "This is an investor who trusts you.
3. "Let's do it first, then we invest in again." In the words, "NO". This lie can be translated into "I don't believe in the big cakes you depict, but if you can make a lot of money prove to me, then you may be able to convince me. But, I don’t want to tell you that I don’t intend to invest, because I may make a mistake judgment error. Then, God, you may not be able to get a Fortune 500 customers. At that time, I would not get rid of it like a bastard. "
Investment. "This is like the sun always rises. Canadians like to play hockey. You have to believe that venture capitalists must be greedy. Greeting in the risk investment means "If this is a good project, I will swallow it alone." And the entrepreneurs want to hear it "this round of investment, we have taken it. We don't want any other investors Add. "Then, the task of entrepreneurs is to persuade them why the addition of other investors can make the cake larger instead of reducing the piece in their hands.
5. "We want to invest in you." This sentence was not finished. The investment team is right, and the entrepreneurs hear the meaning "we will not fired you -if we invest in it all because of you, how can we fire you?" This is not a risk investor meaning Essence She means, "As long as things go smoothly, we will continue to invest in you, but if the situation is not good, we will drive you away, who is indispensable."
6. "I will put a lot of energy (the original is bandwidth) on your company." Maybe he said that the T3 line in his office, but it never refers to his schedule, because he has long been on ten boards. Stay in. Certain how many directors he had to attend. Entrepreneurs should assume that a risk investor spent a month on a company for 5-10 hours. That's it. Facing reality. Try to open the directors' meeting as short as possible!
7. "This is a letter of intent for vanilla flavor." There is no letter of investment intention. Do you think that a professional investment and financing lawyer with up to 400 per hour is to get some standardized investment intentions? If the entrepreneurs insist on using the taste of ice cream to describe the letter of intent, the only thing that is applicable is the "rugged road" taste. Because of the reason.
8. "We can help you knock on the door of our customer company." This is a double lie. First of all, a risk investor cannot always open the door to the customer's company for others. Frankly speaking, his client company will hate him because of this. The worst thing is to let him refer to you. Second, even if the venture capitalists can open the door for you, entrepreneurs can't really expect those companies to become your loyal customers -that is, some things are at most.
9. "We like to invest in the initial project of entrepreneurship." The risk investor really likes to invest $ 1 million into a company that has been worth 2 million US dollars before investing, and then hold on to hold it, and then hold it with it. With this 33%shares of Google. That was the early entrepreneurial investment. Do you know why we are familiar with Google's amazing investment in return? And we all know that Michael Jordan is a truth: Google and Jordan are rare. If they are ordinary, no one will write their stories. If you look at the essence through the phenomenon, you will find that venture capitalists like to invest in a successful team (Note 7, such as the founder of Cisco), successful technology (Note 7, such as the technology of winning the Nobel Prize), and mature market (Note 7. For example, e -commerce). We are abnormal risks, especially because the money in our hands does not belong to ourselves.
10. I am writing this log in Starbaki, Hawaii. It's been 90 minutes. There is no power plug, so my PowerBook notebook computer is out of power. You have to like the nine lies I just said, until God sent the new Apple notebook rescued by the Sony VAIO team.
[Several key links of the venture capital process]
1. Search for investment opportunities.
If investment opportunities can come from risk investment companies to find themselves, entrepreneur recommendations or third parties recommendation.
2. Preliminary screening.
The risk investment enterprise conducted initial review of the project based on the investment recommendations from entrepreneurs, and selected a small number of interested people for further inspection.
3. Investigation and evaluation.
The risk capitalists will conduct a wide range of investment recommendations for about six weeks to eight weeks to check the accuracy of the materials submitted by entrepreneurs and discover important information that may be missed. ; While understanding the investment projects from all aspects, the management, products and technology, markets, and finances of investment projects are analyzed according to the various intelligences they have mastered to make investment decisions.
4. Seeking a joint funder.
The risk capitalists generally seek joint investment by other investors. In this way, the total investment can be increased and the risks can be dispersed. In addition, it can also share the experience of other risk capitalists in related fields through Sindiga.
5. Investment conditions for negotiation.
Once the investment and financing both reached a consensus on the key investment conditions of the project, the risk capitalist as a lead investor will draft a "investment clause list" to make a preliminary investment commitment to entrepreneurs.
6. Final transaction.
As long as the facts are clear and the transaction conditions and details are unanimously agreed, the two parties can sign the final transaction documents and invest in effective.
The more famous venture capital companies are: IDG Technology Entrepreneurship Investment Fund (the earliest introduction of VC in China, and the most domestic investment cases to date, successfully invested in Tencent, Sohu, etc. Company)
If investment field: software industry telecommunications communication information electronic semiconductor chip IT service network facilities biotechnology health care
Softbank China Entrepreneurship Investment Co., Ltd. Crossing Alibaba, Shanda and other companies)
If investment fields: IT service software industry semiconductor chip telecommunications and telecommunications hardware industry network industry
Insurance Group, XCMG Group)
If investment fields: IT service software industry telecommunications and communication network industry information electronic semiconductor chip
Sequoia Capital China Fund (famous American Internet investment institution, investment Companies such as Oracle, Cisco and other companies) / Goldman Sachs Asia (famous securities firms, leading the world IPO trend, investment Shuanghui Group, etc.)
Mengniu, etc.)
The Huaiping Investment Group (Investment in Harbin Pharmaceutical Group, Gome Electric and other companies) /
Igly (famous domestic capital)
investment field: software industry IT service semiconductor chip network facilities network industry telecommunications n Zhejiang Zhejiang Zhejiang Business Entrepreneurship Investment Co., Ltd. (private enterprise) / investment field: Follow (but not limited to) electronic information, environmental protection, pharmaceutical chemical industry, new energy, cultural education, biotechnology, new media and other industries and traditions Excellent small and medium -sized enterprises that produce major changes in the industry. (For more information on investment companies, please refer to: Hi./Leesias)
"A risk investment is a history of Chinese Internet in Hua history", many Internet big names have cited this precise language, Because the story behind them is the history of blending with venture capital. In 1996, Zhang Chaoyang came to China with a simple imitation of foreign Internet companies and the simple imitation of foreign Internet companies to establish an Internet company that everyone could not understand. Essence
In in the United States, the chance of a risk investor (VC) for the success of the entrepreneurial project is controlled at about 10%, which is already very successful. Because the return of any successful entrepreneurial project to venture capitalists may be tens of times or even hundreds of times. In this way, the successful income of a project can often be much higher than the costs paid by the failure of 9 other projects. , such a simple mathematical computing question is still incredible to look at the traditional Chinese economy in 1996. So that the venture capital industry, which was born in Silicon Valley in the end of the 1980s in the late 1980s, was either deified or demonized in China for a period of time. Is it smart or stupid in the risk investors? People outside the industry may may These two different conclusions will be drawn from different perspectives. In from people's early memory, risk investment is like "crazy money" and "stupid money". From 1998 to 1999, there were many people who held business plans to tell investors in the cafe in the cafe. It was never a nightmare for millions or even tens of millions of dollars in a few weeks. What's more interesting is that the Foreign Risk Investment Chamber of Commerce actively requested that it is best to occupy the main shares in the project. The funds invested must be spent within a period of time, and the investment principles of traditional investors are difficult to imagine. It, as an industry person once described the scene when the first wave of Internet boom was: in the office of a well -known foreign venture capital company, there was a large project statistical table on the wall, but in nearly a hundred In the project, there are only a few symbols that marked profitable. However, this venture capitalist is very proud, because he first occupy an important position in the Chinese Internet market, and more importantly, among the companies listed on Nasdaq, there is no profit for profit. In fact, there are many people who have earned a lot of money from Sina, Sohu, Netease, etc. in the early days. Those like IDG and Huaden had become lucky people and beneficiaries of the Chinese Internet industry. It without these generous pockets in China's Internet industry, there is no today. Even today, almost all the large -scale Chinese commercial websites are the figures of venture capital: In February 1999, only Sina.com, which has established a banner, announced that it has obtained overseas venture capital including Goldman Sachs Bank. $ 25 million, which was definitely the largest investment from domestic online companies at the time. To this end, it also opened the prelude to the Chinese Internet service companies entering the overseas capital market at the end of the last century. On July 14, 1999, Chinanet was successfully listed in Nasdaq. For the first time, it raised 96 million US dollars to create the concept of Chinese online stocks. So risk investment began to boil. Beginning in the second half of 1999, a large number of returnees sent tens of thousands of online companies with risk investment with tens of millions of funds. Just followed by overwhelming advertising, various free services, high salary temptations, luxurious office buildings, and so on. However, the later reality splashed a large amount of cold water to the enthusiastic risk capital. With the plunge of Nasdaq's online stocks, these foreign risk investment rushed in China and walked miserable. The painful history is largely from the copy of the Nasdaq model in China. When the Nasdaq stock market boom in the Internet from 1997-1999, it was generally believed that during the take-off stage of the development of an industry, the real important thing was not profit, but the growth rate and market share. An analyst on Wall Street once said: "At this stage, profitability cannot be explained. Investors can understand that in the early growth process of the industry, maintaining high -speed growth and possession of a leading market share has extremely important strategic advantages." The facts at the beginning are indeed as expected. Netizens have doubled, and the scale of Internet companies' users is continuously expanded, but soon, the industry is low, and risk investors have fell down. For the role of venture capital on the Internet of China, some people have analyzed that at least many people have taught many people to go online and cultivated many Chinese Internet elites, which has also enabled the Chinese Internet to rise after 2003. Moreover, the benefit of the crushing of the network bubble is that the bird guns in the venture capital are expelled, and the real VC regular army is ushered in. Pet industrial cycle, a moment of change. As soon as the Nasdaq's recovery for several years, the venture capitalors invested in China began to be active. Sun Zhengyi of Japan's SoftBank is optimistic about Internet broadband applications many years ago, so he became the largest loser during the Internet bubble period. So far, SoftBank's financial statements are still very ugly. However, SoftBank's investment in Shanghai Shanda Network is the classic -at that time, Shanda was already in a large scale in the online game circle, only the last funds for the last funds, SoftBank took the time in time, and sent Shanda to Shanda in less than 2 years. Nasdaq, successfully cash out. In 2004, there were nine Chinese Internet companies including Ctrip, Shanda Network, TOM, E Dragon, Ninth City, Palm Lingtong, Air Network, Worry -Free Powder and Financial World in Nasda. When Ke successfully went public, another group of venture capitalors who did not persist in the low ebb period of the industry lamented why they had no eyesight. The risk investment "vane" revealed a signal: the low tide in front of you is by no means eternal low tide. For a real investor, as long as the market is large enough, there will be an opportunity to invest. In relevant statistics, in 2004, 43 transactions reached by American risk capital in China were the highest level in 10 years. In 2005, risk capital accumulated over the Internet of China is said to be as many as $ 2 billion It is exciting whether the foam era is coming again. Some entrepreneurs with the Web 2.0 banner have begun to look at each other frequently with venture capitalists. Various forums with the theme of entrepreneurship and investment are overcrowded. People are different. " The hidden rules of China Risk Investment VC: Ip: Original VC also talks about levels If rules 2: more expensive, the more expensive the more expensive, the more expensive the investment : Pay attention to the connection rules 4: Near the ground Rihina: VC is the most expensive financing method If rule 6: VC is commonplace rule 7: pulling seedlings to encourage the growth, settlement of bags as peace, If rule eight: Do not give up the bottom limit of VC If rule ninth: Keep awake, do not believe the praise of VC Rules 10: VC is a utilitarian economic animal, which may "change the face" at any time. Ruodia 11: The imagination space in an industry is only so large Ruins 12: VC's Chinese alienation
[How to screen and contact venture capitalors] R n 1. Screening The enterprises seeking venture capital should understand the risk investment market in advance. Risk -risk companies can check references like Daquan of Risk Investment Corporations ?? In these documents, there are often some information about the preferences of these venture capital companies. You can also check the investor list of those who are about to listed in the industry, or or Visit the managers of other companies in the industry directly. Since then, risk companies can screen out several possible investment companies according to the characteristics and funds of the company. When screening, the factors that risk enterprises need to consider include: the scale of the investment required by the enterprise; the geographical location of the enterprise; the development stage and development status of the enterprise; the sales and profitability of the enterprise; the business scope of the enterprise. Generally, in the process, lawyers and accountants play a great role. 2. Main investors In the process of raising risk funds, sometimes risk entrepreneurs need to find a major investor. This major investor will promote, evaluate, build this transaction with entrepreneurs Essence In addition, this major investor will organize the surrounding investors to form an investor group. Risk entrepreneurs should choose his main investors from the most powerful investors. 3. contact Most of the cases, contact with venture capitalists can start through electrical work ?? Just explore whether your new idea is suitable for the business scope of venture capital companies. Most venture capitalists will pick up the handset because they don't know where the next good project will come from. However, due to many people seeking funds, venture capital companies also need a screening process. If a risk entrepreneur can get a recommendation of a lawyer, an accountant or an "authority" in an industry that makes a risk investment company, he will increase the possibility of funding. Despite this, most venture capital companies are easier to get closer than people think. Some entrepreneurs often complain that they cannot find venture investors, do not do it or do that. Imagine if a risk entrepreneur can't even find a way to contact venture investors. So, how can investors expect that he will successfully sell products to customers? Therefore, in the process of contact, risk entrepreneurs must have a tenacious and tenacious spirit. During the contact with the venture capital company, if entrepreneurs feel that their project is difficult to attract the attention of those investors, he can repeatedly ask himself if he The mission? Can the company's products win a sufficiently large and satisfactory market? Can an enterprise guarantee that the investor's investment is not wasted? Of course, a risk investment project cannot guarantee 100%of investors to gain benefits, and there is always existence Risks or that risks. Therefore, even if the entrepreneur's business plan is not perfect, entrepreneurs can send it out without hesitation. Because risk entrepreneurs are often willing to cooperate with those pioneers to help them realize those beautiful ideas. In order to ensure the success of the funding, some risk entrepreneurs like to contact the risk investors at a time, but the results are often unsatisfactory. In fact, if you connect with 20 or 30 venture capitalists, it will make people feel that this is not a good business, so it will not take time to consider this project (because this project may have been taken away by others). Conversely, if risk entrepreneurs go to risk investors one by one every time, then he may never raise funds. Therefore, the most reliable method is to select 8 to 10 possible venture capitalists as the goal, and then start contacting them. Before accepting, carefully understand the situation of those who are interested in the project, and prepare a candidate table. In this way, if no one expresses interest, entrepreneurs can not only know the reason, but also find other Hou Xuan investors to contact. In short, entrepreneurs must not introduce the project to too many venture capitalists. Risk investors do not like the form of product exhibitions. They also hope to find out those who are discarded by people who are discarded on the side of the road. Business opportunity.
silver lots jewelry wholesale market Pay content for time limit to check for freenAnswer Hello, I have seen your question. I am sorting out the answer, please wait a while ~nVC is the abbreviation of venture capital companies. Risk investment companies are special risk funds (or risk capitals), which effectively invest in high -tech enterprises with profitable funds, and enterprises that obtain capital compensation through the latter listing or mergers and acquisitions. Except for the starting company, not the starting company, not the big company, the venture capital company is similar to an investment company.nVC is the abbreviation of venture capital companies. Risk investment companies are special risk funds (or risk capitals), which effectively invest in high -tech enterprises with profitable funds, and enterprises that obtain capital compensation through the latter listing or mergers and acquisitions. Except for the starting company, not the starting company, not the big company, the venture capital company is similar to an investment company.nI hope my answer can help you. If you are satisfied with my service, please like me! wish you a happy life!nWhat should I do if I have a loss of investment in venture capital companies?nAnswer the wind investment, as the name suggests, risk investment. And this risk is reflected in the results, that is, losses or even blood. In China, generally we say that wind investment refers to the equity investment of an early start -up enterprise (or project), that is, according to a certain valuation, increasing the capital of the company and possessing the corresponding proportion of the equity — that is, that is, that is, that is, Become a shareholder of the company, so you can enjoy the corresponding rights and responsibilities of shareholders in accordance with the law. Of course, its money is mainly dependent on the flow and transfer of equity, and it is not profitable through corporate profits. In a sense, entrepreneurship is their own venture capital, but there is no premium.n4 morenBleak
jewelry making wire wholesale From the perspective of investment behavior, venture capital [1] is a high -tech and research and development field of high -tech and its products that invest in the risk of failure. A process of investment. From the perspective of operation methods, it refers to the process of investing in risk capital to high -tech enterprises under the management of professional talent management to particularly potential high -tech enterprises. A way of investment. [2]
The type editing The new venture capital methods are constantly appearing, and there are many standards for risk investment. According to the different stages of the development of enterprises that receive venture capital, we can generally divide the venture capital into four types. 1, seed capital 2, import capital 3, Capital 4, Venture a Capital N operation process The operation of venture capital includes four stages: financing, investment, management, and exit. The problem of "where the money comes from" during the financing stage. Generally, the source of risk capital includes pension funds, insurance companies, commercial banks, investment banks, large companies, university donation funds, wealthy individuals and families. In the financing stage, the most important problem is how to solve investors and managers Arrangement of rights and obligations and interest distribution. It the problem of "where to go" during the investment phase. Professional venture capital institutions have invested risk capital to entrepreneurial enterprises with great growth potential through a series of procedures such as preliminary screening, due diligence, valuation, negotiations, terms design, and investment structure arrangements. It the problem of "value -added" during the management phase. The venture capital institutions mainly achieve value appreciation through supervision and services. "Supervision" mainly includes participating in the board of directors of the invested enterprise and replacing the management team members when the investor's performance fails to meet the target of the expected goal. Improve business plans, corporate governance structures, and help the invested companies get subsequent financing. Value value -added management is an important aspect of risk investment in other investment. In exit phase to solve the problem of "how to achieve". Risk investment institutions mainly withdrawn from the three ways of IPO, equity transfer and bankruptcy liquidation to withdraw from the entrepreneurial enterprises invested to achieve investment income. After the exit is completed, the venture capital institution also needs to distribute investment income to investors who provide risk capital. 4 Edit The risk investment is generally operated by risk investment funds. The legal structure of venture capital funds is a form of limited partnership, while venture capital companies manage the fund's investment operation as ordinary partners and get corresponding compensation. Adopting a limited partnership venture capital fund in the United States can obtain tax incentives, and the government also encourages the development of venture capital in this way. 5 Standard Edit 1. Market with potential development [5] 2, technology is aimed at market needs 3, can establish market advantages 4, can become market leaders 5, management talents and vision 6, rich returns 6 Feature edit edit 1, most of the investment objects are small and medium-sized enterprises in the entrepreneurial period (Start-up), and most of them are mostly, and most of them are mostly. High-tech enterprises; 2, the investment period is at least 3-5 years, and the investment method is generally equity investment, usually accounting for about 30%of the invested enterprise, not requiring controlling equity, no guarantee or mortgage; 3, investment decisions are based on high professionalism and proceduralization; 4, Venture (Venture) generally actively participate in the management and management of the invested enterprise, providing value -added services; except seeds In addition to the financing (SEED) financing, venture capitalists generally meet the financing needs of various development stages of the investing enterprise; 5, because the purpose of the investment is to pursue excess returns, when the invested company appreciates, the venture capitalists will meet The capital is withdrawn through listing, acquisitions, or other equity transfer methods to achieve value -added. 7 Features Edit Investment activities composed of elements such as funds, technology, management, professional talents, and market opportunities. Equity methods, actively participate in the investment of emerging enterprises; . Assisting enterprises to operate management, participating in major decision -making activities of the enterprise; . Investment risk is large and high in return; Various venture capital; . The pursuit of early recovery of investment is not for the purpose of controlling the ownership of the invested company; . On the basis of; 6. Investment objects are generally high -tech and high -growth companies. 8 Edit 1. Searching for investment opportunities Investment opportunities can come from risk investment companies to find themselves, entrepreneur recommendations, or third parties. 2. Preliminary screening The risk investment enterprise conducted initial review of the project based on investment proposal handed in entrepreneurs, and selected a few interested people for further inspections. 3. Investigation and evaluation The risk capitalists will conduct a wide range of investigations on investment suggestions for about six weeks to eight weeks to test the accuracy of the materials submitted by entrepreneurs and discover the possible omissions of the excavation. Important information; while understanding investment projects from all aspects, analyze the management, products and technology, marketing, and finance of investment projects based on the various intelligences they have mastered to make investment decisions. 4. Seeking joint -funded persons Curagasiars generally seek joint investment by other investors. In this way, the total investment can be increased and the risks can be dispersed. In addition, it can also share the experience of other risk capitalists in related fields through Sindiga. 5. Investment conditions for negotiated negotiations Once the investment and financing parties reached a consensus on the key investment conditions of the project, the risk capitalist as a leading investor will draft a "investment clause list" to make initials to entrepreneurs. Investment commitment. 6, final transaction As long as the facts are clear and the transaction conditions and details are unanimously agreed, the two parties can sign the final transaction documents and invest in effective. [6] 9 Editing Edit First of all, they required to invest more than 25%of the internal return rate (IRR) after deducting expenditures. Is the investment opportunities they want to obtain is: a startup that can grow into a certain scale within a few years, and can get a balance between the required investment and the final return (merger or IPO exit), that is, that is, that is, that is, that is, Four points: (1) a certain potential company scale; (2) investment period; (3) return on investment; (4) Essence 10 Development Edit It situation Xiong Xiaoge, Yan Yan and Zhou Quan were once known as the "three stools in China". Among them, Xiong Xiaoge is the founding partner of IDG. He joined the industry in 1991 and was from Hunan. Yan Yan is the chief partner of SoftBank Sai Fugu. The weeks of full current IDG Technology Entrepreneurship Investment Fund President The venture capital vs flickering. In the early stage, the market often made venture capital and flickering. The Chief Economist of Guojin Certificate Jinyan once joked that the output model of the venture capital is: Venture Capital is the first year to vote for others, the second year has a result, successfully became famous in the third year, and then opened another stove. Essence In the field of investment, in the 1990s, almost all of the companies invested by VC in China were all Internet companies, such as familiar Sina, Sohu, Alibaba and other Internet companies. Favorite. However, unlike previously investing in the Internet industry, a new round of VC Investment is enthusiastic about traditional projects. Education and training, catering chain, cleaning technology, and automotive aftermarket are all investment hotspots. Once traditional industries form a chain brand, it is easy to form an overall effect, and industries such as catering chain and chain hotels have a broad prospect in the Chinese market, belonging to good growth and very stable returns. It is inevitable that it is favored by venture capital. With the continuous and stable high -speed growth of China's economy and the gradual improvement of the capital market, China's capital market has shown a strong growth trend in recent years. Strategic land. . Although the overall size of China's industrial investment market still has a certain gap with developed countries, the return of investment in China is a world -class. In addition, risk investment should be consistent with the macroeconomic direction. The process of urbanization in China is expected to increase the population of China to 920 million people in 2025. The proportion of urban GDP will also increase to 95%. The consumer goods market, medical equipment, environment, and energy of urban residents will become the focus of attention in the future. The "Golden Ten Years" that is considered to be "from weak to strong" and rapid development of China's venture capital in the next ten years. It is necessary to face the development opportunities facing China's venture capital industry with a long -term perspective and global vision. It is expected that China will become a major venture capital country after the United States and Europe in the next ten years. Regardless of the needs of macroeconomic development, independent innovation national strategy, and the development prospects of the capital market, or from the perspective of the development trend of the venture capital industry, this wish is completely possible. [7] Trends On February 5, 2007, "Commercial Weekly" published an analysis article saying that in 2006, the American venture capital field showed three new trends: the scale of venture capital is getting larger and larger, investment goals for investment goals Starting to mature companies and markets outside the United States. For a long time in the past, the emerging company created by two people in a garage is the preferred goal of venture capital companies, Bill Hewlett and David Picard ( HP created by David Packard, as well as Google created by Larry Page and Sergey Brin, is the two most successful examples. But in the past year, this template has changed a lot. [7] 1. The scale of risk investment is getting larger and larger According to the published data, the two funds with the largest financing scale in 2006 came from Oak Partners and News, respectively. One hundred million U.S. dollars. On the whole, funds in 2006 from 500 million US dollars and $ 1 billion in funds accounted for 12.1%among all funds, doubled from 2005; The proportion of funds is 4.4%, which is much higher than 1.6%in 2005. venture One analyst Josh Grove said: "The scale of these funds is getting larger and some small -scale funds have gradually been eliminated. Small -scale funds will form 'vacuum'. "In 2006, funds with a financing scale of less than US $ 100 million accounted for 34%of all funds, far lower than 71%in 2002. The average financing of medium -sized funds in 2006 was US $ 2005 million, compared to only $ 153 million in 2004. The trend has led to some venture investors have begun to imitate private equity investors, looking for high growth opportunities in mature companies, rather than starting from the bottom layer as in the past to help emerging companies recruit management and promote products to promote products And build the market. "Some funds actually originated from bubbles," said Bryan Roberts. It will be suppressed. " 2. Small -scale funds are crowded In in a sense, the generation of this trend has a lot to do with the downturn of the first open prospectus market and the continued decline in technology stocks. At the same time, this also shows the strong trend of private equity capital investment. In 2006, the total investment in private equity capital was as high as US $ 660 billion. While making money by private equity capital, venture capital companies are naturally unwilling to show weakness. In addition to Oak Partners and News, the other three top five funds come from Polaris Venture Partners, Venture Partners, and Sequoia Capital. Whist that the five major venture capital companies go hand in hand, the financing scale of other companies shows a downward trend. For example, Charles River Ventures raised US $ 250 million in 2004, less than $ 450 million in 2001; North Bridge Venture Partners' financing was 500 million US dollars in 2005, less than $ 825 million in 2001; U.S. Venture PARTNERS financing in 2004 $ 600 million, less than $ 1 billion in 2001. The expansion of the fund size also means an increase in investment. The maximum risk investment obtained by a company is usually between US $ 20 million and $ 50 million, which is much higher than the previous $ 1 million to $ 10 million. 3. Investment targets to foreign abroad This trend does not mean that emerging companies cannot attract investment. According to the published data, the emerging company in the information service field in 2006, that is, companies with the content of users' content as the main business, received a total of $ 2.4 billion in venture capital, an increase of 27%over 2005. However, it is very difficult to find a winner in emerging companies, and more and more venture capital companies have turned their attention to markets outside the United States. Even those funds dedicated to early technology companies, their investment scope is no longer limited to Silicon Valley. Draper Fisher Jurvetson managed a total of about $ 4 billion, but it includes 19 funds, which are covered with multiple regions such as Boston and Beijing. Under normal circumstances, regional managers are more likely to find investment opportunities than managers who work at the company headquarters. In the past two years, three of the most successful investment in Draper Fisher Jurveson, three are from markets outside the United States. The investment objects are Baidu, eBay's Skype department, and Focus Media. The survival space of medium -scale fund is limited The risk investment company is trying to find companies that lack funds, mature, and promising development in China and India. In this process, medium -sized funds have fallen into a dilemma. Compared with small -scale funds, they are not flexible enough; compared to large -scale funds, their strength has a lot of gaps. For this reason, donations of pension funds and university often choose large -scale funds or small -scale funds, while medium -sized funds are not interested. Anyway, the total venture investment obtained by emerging companies in the United States still shows an upward trend. According to the data released by Ernst
wholesale iron maiden jewelry Hello, venture capital refers to a financing method of providing capital support to startups and obtaining the company's shares. Risk investment is a form of private equity investment. It is a new small and medium -sized enterprise that raises funds in private equity, established in the form of companies such as companies, and invests in the future listing of small and medium -sized enterprises, especially the high -risk of emerging high -tech enterprises and ask for high returns. The risk investment is generally operated by risk investment funds. In the legal structure, venture capital funds adopt a limited partnership, while the venture capital company manages the fund's investment operation as an ordinary partner and receives corresponding compensation. Adopting a limited partnership venture capital fund in the United States can obtain tax incentives, and the government also encourages the development of venture capital in this way.
wholesaler jewelry thailand Investment refers to the process of signing an agreement with the other party for specific purposes to promote social development, realize mutual benefit, and transport funds. In order to obtain income or value appreciation in a certain period of time in the future, the subject of a specific economy will put enough amounts of funds to a certain field or the economic behavior of the currency equivalent of the physical objects in a certain period. It can be divided into physical investment, capital investment and securities investment. The former is invested in enterprises with currency and obtained certain profits through production and operation activities. The latter is to purchase stocks and corporate bonds issued by currency purchases to indirectly participate in the profit distribution of enterprises.
wholesale fair trade jewelry india Venture Investment (VC)
is Venture Capital (Venture Capital) for the shortness of VC
The concept with specific connotation in my country, in fact, it is more appropriate to translate it into entrepreneurial investment. Visible investment refers to all investment in all high -risk and high -potential income; narrow risk investment refers to investment and operation technology -intensive products based on high -tech. According to the definition of the United States National Investment Association, venture capital is a kind of equity capital among the emerging, rapidly developing and rapidly competitive potential companies invested by professional financialists. From the perspective of investment behavior, venture capital is the research and development field of high -tech and products that invest in capital with failed risks. Investment process. From the perspective of operation methods, it refers to the process of investing in risk capital to high -tech enterprises under the management of professional talent management to particularly potential high -tech enterprises. A way of investment.
[Operation method of venture capital]
The risk investment generally operates in the method of risk investment funds. In the legal structure, venture capital funds adopt a limited partnership, while the venture capital company manages the fund's investment operation as an ordinary partner and receives corresponding compensation. Adopting a limited partnership venture capital fund in the United States can obtain tax incentives, and the government also encourages the development of venture capital in this way.
[Six elements of venture capital]
The risk capital, venture capital, investment objects, investment period, investment purpose and investment methods constitute the six elements of venture capital.
. Risk capital
The risk capital refers to a kind of capital of emerging companies with rapid growth provided by professional investors and has great appreciation potential. Risk capital enters these enterprises by purchasing equity, providing loans or both purchasing equity and providing loans.
The source of risk capital vary from the country. In the United States, 32%of individuals and family funds in all risk capital in 1978; followed by foreign funds, 18%; and again, the funds of insurance companies, annuity and large industry companies, accounting for 16%, 15%and 10%, respectively. By 1988, the proportion of annuity rose rapidly, accounting for 46%of all risk capital, followed by foreign funds, donations and public funds, and large companies' industrial funds, accounting for 14%, 12%, and 11%, respectively. The proportion dropped sharply, accounting for only 8%. Unlike the United States, the risk capital of European countries mainly comes from banks, insurance companies and annuity, accounting for 31%, 14%, and 13%of all risk capital. Among them, banks are the main sources of European risk capital, and individuals and families Funds account for only 2%. In Japan, as long as risk capital comes from financial institutions and large companies' funds, 36%and 37%are respectively. Followed by foreign funds and securities companies, each accounts for 10%, and individuals and family funds are only 7%. Divided by investment, risk capital is divided into two types: direct investment funds and guarantee funds. The former enters the invested enterprise by purchasing equity, mostly private capital; while the latter provides financing guarantees to help the invested enterprises, and most of them are government funds.
. Risk investors
The risk investors can be divided into the following four categories:
▲ A risk capitalist.
. They are entrepreneurs who want to invest in other entrepreneurs. Like other venture investors, they have made profits through investment. But the difference is that all the capitals invested by risk capitalists belong to themselves, not the capital of entrustment management.
▲ B venture capital company.
The types of risk investment companies are many, but most companies invest in venture capital funds. These funds generally use limited partnerships as organizations.
▲ ▲ C Industrial Affiliated Investment Company.
The investment companies are often independent venture capital institutions under some non -financial industrial companies. They invest on the interests of the parent company. Such investors usually invest in some specific industries. Like traditional venture capital, an industrial auxiliary investment company also needs to evaluate the investment proposal submitted by the investing company, conduct in -depth enterprises for their dedicated investigations and look forward to getting higher returns.
▲ D angel investor.
The investors usually invest in very young companies to help these companies start quickly. In the field of venture capital, the word "angel investor" refers to the first batch of investors of entrepreneurs. These investors invested funds in the company's products and business molding.
. Investment purpose
. Although risk investment is an equity investment, the purpose of the investment is not to obtain the ownership of the enterprise, not for holding, nor to operate an enterprise Instead, the investment enterprises are made through investment and providing proliferation services, and then the investment returns are achieved through public listing (IPO), merging acquisitions or other ways to exit.
. Investment period
The risk investors help enterprises grow, but they eventually seek channels to withdraw investment to achieve proliferation. The length of time that risk capital is interval between investment companies to withdraw from investment is called the investment period for venture capital. As a type of equity investment, the term of venture capital is generally long. Among them, the venture capital investment usually enters the maturity period within 7 to 10 years, while most of the subsequent investment is only a few years.
. Investment objects
The industrial fields for venture capital are mainly high -tech industries. Taking the United States as an example, computers and software accounted for 27%in 1992; followed by the health care industry, which accounted for 17%; again, the communication industry, accounting for 14%; the biotechnology industry accounted for 10%.
. Investment method
In investment in the nature of investment, there are three ways to invest in risk investment: First, direct investment. The second is to provide loans or loan guarantees. The third is to provide some loans or guarantee funds investing in a part of the risk capital to purchase the equity of the invested enterprise. But no matter what investment method, venture capitalists generally provide proliferation services. There are two different ways to enter in venture capital. The first is to invest in the investment enterprises in batches in batches. This situation is more common, which can reduce investment risks and help accelerate capital turnover; the second is a one -time investment. This method is not common. Generally, risk capitalists and angel investors may adopt this method. After one investment, it is difficult to provide subsequent financial support.
[Features of venture capital]
1, the investment object is a small and medium-sized enterprise in the entrepreneurial period (Start-up), and most of them are high-tech enterprises;
2, the investment period is at least 3-5 years. The investment method is generally equity investment, usually accounting for about 30%of the invested enterprise, not requiring controlling equity, no guarantee or mortgage; r; r; n
3, investment decision decisions are based on high professionalism and proceduralization;
4, Venture (Venture) is generally actively participating in the management and management of the invested enterprise, providing Value -added service;
In addition to the seedling period (SEED) financing, venture capitalists generally meet the financing needs of the development stages in the future;
5, due to due to The purpose of investment is to pursue excess returns. When the invested company appreciates, venture capitalists will withdraw capital through listing, acquisition of mergers or other equity transfer methods to achieve value -added.
[Features of venture capital]
The risk investment is a type of equity capital (Equity), not borrowing capital. The equity capital invested by venture capital as a risk enterprise generally accounts for more than 30 % of the total capital of the enterprise. For high -tech innovation companies, venture capital is a expensive source of funds, but it may be the only feasible source of funds. Although bank loans are relatively cheap, bank loans avoid risks and safety, and high -tech innovation companies cannot get it.
The risk investment mechanism is completely different from bank loans. The difference is that: First, bank loans talk about security and avoid risks; while venture capital prefers high risk projects, hidden high returns after chasing high risks, It is intended to manage risks and drive risks. Secondly, bank loans are based on liquidity; while risk investment is characterized by non -liquidity, seeking growth in relatively non -flow. Third, bank loans pay attention to the current status of the enterprise, the current capital turnover and repayment capabilities of the enterprise; and the risk investment will look at future revenue and high growth. Fourth, the bank loan assessment is physical indicators; and the risk investment assessment is whether the management team of the invested enterprise has the level of management and entrepreneurship, and the assessment is a high -tech future market. Finally, bank loans need to be mortgaged and guaranteed. It is generally invested in enterprises at growth and mature stages, while venture capital should not be mortgaged, and it should not be guaranteed. It invests in emerging, high -speed growth companies and projects.
The risk investment is a long -term (average investment period is 5-7 years) with poor liquidity capital. Under normal circumstances, venture capitalists will not put all risk capital into risk -risk enterprises at a time, but in order to inject funds in batches with the growth of enterprises.
The risk investors are both investors and operators. Different risk investors are different from bankers. They are not only financialists, but also entrepreneurs. They are both investors and operators. After investing in venture capitalists, venture capitalists joined the business management of the enterprise. In other words, venture capitalists provide not only funds, but also professional expertise and management experience.
The risk investor holds about 30%of the shares in risk companies, and their interests are closely linked to the interests of risk companies. Risk investors not only participate in the long -term or short -term development planning of the enterprise, the determination of the company's production goals, the establishment of an enterprise marketing plan, but also to participate in the capital operation process of the enterprise, add investment or create capital channels for enterprises, and even participate in important enterprise personnel personnel. Employment and dismissal.
The risk investment will eventually withdraw from risk companies. Although venture capital is invested in equity capital, their purpose is not to obtain corporate ownership, but to make profits, to withdraw rich profits and prominent achievements from risk enterprises.
The risk investment has three ways to withdraw from risk enterprises: the first public issuance (IPO, Initial Public Offering); merging and acquisition of share capital by other companies; bankruptcy liquidation. Obviously, it is the goal of risk investors to reach the first public listing and distribution. Bankruptcy liquidation means part or loss of risk investment.
This to exit, to a certain extent is the sign of successful investment. Before making investment decisions, venture capitalists formulated specific exit strategies. The withdrawal decision is profit distribution decision. How and when and when will exit can maximize the income of venture capital to the best withdrawal decision.
[Top Ten Lies of Risk Investors]
1. "I like your company, but my partners don't like it." In other words, "No "". The person in charge of this project is just a person who wants entrepreneurs to believe that he is a good person, a smart person, and can truly understand everything that entrepreneurs do; but "others" are not like this, so don't blame him. This is shirk responsibility; don't believe that other partners do not like the nonsense as he likes this project. If he really likes it so much, he will definitely invest in money.
2. "If you can find other VCs to invest first, let's follow." In other words, "NO". Just like an ancient Japanese proverb, "If your aunt has courage (Note 1), she is your uncle." Of course, Auntie, so this is nonsense. The venture capitalist who says this actually says, "We are not optimistic about this business, but if Sequoia (Note 2) first invests, we will follow the trend." In other words, once entrepreneurs do not need money, The venture capitalists will be willing to give him more -this is as if you are saying "once you see Larry CSONKA no longer shudder, we will help you deal with him." And the entrepreneur wants to hear "If you can't find it, you can't find it Go to other VCs first, let's invest. "This is an investor who trusts you.
3. "Let's do it first, then we invest in again." In the words, "NO". This lie can be translated into "I don't believe in the big cakes you depict, but if you can make a lot of money prove to me, then you may be able to convince me. But, I don’t want to tell you that I don’t intend to invest, because I may make a mistake judgment error. Then, God, you may not be able to get a Fortune 500 customers. At that time, I would not get rid of it like a bastard. "
Investment. "This is like the sun always rises. Canadians like to play hockey. You have to believe that venture capitalists must be greedy. Greeting in the risk investment means "If this is a good project, I will swallow it alone." And the entrepreneurs want to hear it "this round of investment, we have taken it. We don't want any other investors Add. "Then, the task of entrepreneurs is to persuade them why the addition of other investors can make the cake larger instead of reducing the piece in their hands.
5. "We want to invest in you." This sentence was not finished. The investment team is right, and the entrepreneurs hear the meaning "we will not fired you -if we invest in it all because of you, how can we fire you?" This is not a risk investor meaning Essence She means, "As long as things go smoothly, we will continue to invest in you, but if the situation is not good, we will drive you away, who is indispensable."
6. "I will put a lot of energy (the original is bandwidth) on your company." Maybe he said that the T3 line in his office, but it never refers to his schedule, because he has long been on ten boards. Stay in. Certain how many directors he had to attend. Entrepreneurs should assume that a risk investor spent a month on a company for 5-10 hours. That's it. Facing reality. Try to open the directors' meeting as short as possible!
7. "This is a letter of intent for vanilla flavor." There is no letter of investment intention. Do you think that a professional investment and financing lawyer with up to 400 per hour is to get some standardized investment intentions? If the entrepreneurs insist on using the taste of ice cream to describe the letter of intent, the only thing that is applicable is the "rugged road" taste. Because of the reason.
8. "We can help you knock on the door of our customer company." This is a double lie. First of all, a risk investor cannot always open the door to the customer's company for others. Frankly speaking, his client company will hate him because of this. The worst thing is to let him refer to you. Second, even if the venture capitalists can open the door for you, entrepreneurs can't really expect those companies to become your loyal customers -that is, some things are at most.
9. "We like to invest in the initial project of entrepreneurship." The risk investor really likes to invest $ 1 million into a company that has been worth 2 million US dollars before investing, and then hold on to hold it, and then hold it with it. With this 33%shares of Google. That was the early entrepreneurial investment. Do you know why we are familiar with Google's amazing investment in return? And we all know that Michael Jordan is a truth: Google and Jordan are rare. If they are ordinary, no one will write their stories. If you look at the essence through the phenomenon, you will find that venture capitalists like to invest in a successful team (Note 7, such as the founder of Cisco), successful technology (Note 7, such as the technology of winning the Nobel Prize), and mature market (Note 7. For example, e -commerce). We are abnormal risks, especially because the money in our hands does not belong to ourselves.
10. I am writing this log in Starbaki, Hawaii. It's been 90 minutes. There is no power plug, so my PowerBook notebook computer is out of power. You have to like the nine lies I just said, until God sent the new Apple notebook rescued by the Sony VAIO team.
[Several key links of the venture capital process]
1. Search for investment opportunities.
If investment opportunities can come from risk investment companies to find themselves, entrepreneur recommendations or third parties recommendation.
2. Preliminary screening.
The risk investment enterprise conducted initial review of the project based on the investment recommendations from entrepreneurs, and selected a small number of interested people for further inspection.
3. Investigation and evaluation.
The risk capitalists will conduct a wide range of investment recommendations for about six weeks to eight weeks to check the accuracy of the materials submitted by entrepreneurs and discover important information that may be missed. ; While understanding the investment projects from all aspects, the management, products and technology, markets, and finances of investment projects are analyzed according to the various intelligences they have mastered to make investment decisions.
4. Seeking a joint funder.
The risk capitalists generally seek joint investment by other investors. In this way, the total investment can be increased and the risks can be dispersed. In addition, it can also share the experience of other risk capitalists in related fields through Sindiga.
5. Investment conditions for negotiation.
Once the investment and financing both reached a consensus on the key investment conditions of the project, the risk capitalist as a lead investor will draft a "investment clause list" to make a preliminary investment commitment to entrepreneurs.
6. Final transaction.
As long as the facts are clear and the transaction conditions and details are unanimously agreed, the two parties can sign the final transaction documents and invest in effective.
The more famous venture capital companies are:
IDG Technology Entrepreneurship Investment Fund (the earliest introduction of VC in China, and the most domestic investment cases to date, successfully invested in Tencent, Sohu, etc. Company)
If investment field: software industry telecommunications communication information electronic semiconductor chip IT service network facilities biotechnology health care
Softbank China Entrepreneurship Investment Co., Ltd. Crossing Alibaba, Shanda and other companies)
If investment fields: IT service software industry semiconductor chip telecommunications and telecommunications hardware industry network industry
Insurance Group, XCMG Group)
If investment fields: IT service software industry telecommunications and communication network industry information electronic semiconductor chip
Sequoia Capital China Fund (famous American Internet investment institution, investment Companies such as Oracle, Cisco and other companies)
/
Goldman Sachs Asia (famous securities firms, leading the world IPO trend, investment Shuanghui Group, etc.)
Mengniu, etc.)
The Huaiping Investment Group (Investment in Harbin Pharmaceutical Group, Gome Electric and other companies)
/
Igly (famous domestic capital)
investment field: software industry IT service semiconductor chip network facilities network industry telecommunications
n Zhejiang Zhejiang Zhejiang Business Entrepreneurship Investment Co., Ltd. (private enterprise)
/
investment field: Follow (but not limited to) electronic information, environmental protection, pharmaceutical chemical industry, new energy, cultural education, biotechnology, new media and other industries and traditions Excellent small and medium -sized enterprises that produce major changes in the industry. (For more information on investment companies, please refer to: Hi./Leesias)
"A risk investment is a history of Chinese Internet in Hua history", many Internet big names have cited this precise language, Because the story behind them is the history of blending with venture capital. In 1996, Zhang Chaoyang came to China with a simple imitation of foreign Internet companies and the simple imitation of foreign Internet companies to establish an Internet company that everyone could not understand. Essence
In in the United States, the chance of a risk investor (VC) for the success of the entrepreneurial project is controlled at about 10%, which is already very successful. Because the return of any successful entrepreneurial project to venture capitalists may be tens of times or even hundreds of times. In this way, the successful income of a project can often be much higher than the costs paid by the failure of 9 other projects.
, such a simple mathematical computing question is still incredible to look at the traditional Chinese economy in 1996. So that the venture capital industry, which was born in Silicon Valley in the end of the 1980s in the late 1980s, was either deified or demonized in China for a period of time. Is it smart or stupid in the risk investors? People outside the industry may may These two different conclusions will be drawn from different perspectives.
In from people's early memory, risk investment is like "crazy money" and "stupid money". From 1998 to 1999, there were many people who held business plans to tell investors in the cafe in the cafe. It was never a nightmare for millions or even tens of millions of dollars in a few weeks. What's more interesting is that the Foreign Risk Investment Chamber of Commerce actively requested that it is best to occupy the main shares in the project. The funds invested must be spent within a period of time, and the investment principles of traditional investors are difficult to imagine.
It, as an industry person once described the scene when the first wave of Internet boom was: in the office of a well -known foreign venture capital company, there was a large project statistical table on the wall, but in nearly a hundred In the project, there are only a few symbols that marked profitable. However, this venture capitalist is very proud, because he first occupy an important position in the Chinese Internet market, and more importantly, among the companies listed on Nasdaq, there is no profit for profit.
In fact, there are many people who have earned a lot of money from Sina, Sohu, Netease, etc. in the early days. Those like IDG and Huaden had become lucky people and beneficiaries of the Chinese Internet industry.
It without these generous pockets in China's Internet industry, there is no today. Even today, almost all the large -scale Chinese commercial websites are the figures of venture capital:
In February 1999, only Sina.com, which has established a banner, announced that it has obtained overseas venture capital including Goldman Sachs Bank. $ 25 million, which was definitely the largest investment from domestic online companies at the time. To this end, it also opened the prelude to the Chinese Internet service companies entering the overseas capital market at the end of the last century.
On July 14, 1999, Chinanet was successfully listed in Nasdaq. For the first time, it raised 96 million US dollars to create the concept of Chinese online stocks.
So risk investment began to boil. Beginning in the second half of 1999, a large number of returnees sent tens of thousands of online companies with risk investment with tens of millions of funds. Just followed by overwhelming advertising, various free services, high salary temptations, luxurious office buildings, and so on.
However, the later reality splashed a large amount of cold water to the enthusiastic risk capital. With the plunge of Nasdaq's online stocks, these foreign risk investment rushed in China and walked miserable.
The painful history is largely from the copy of the Nasdaq model in China. When the Nasdaq stock market boom in the Internet from 1997-1999, it was generally believed that during the take-off stage of the development of an industry, the real important thing was not profit, but the growth rate and market share. An analyst on Wall Street once said: "At this stage, profitability cannot be explained. Investors can understand that in the early growth process of the industry, maintaining high -speed growth and possession of a leading market share has extremely important strategic advantages."
The facts at the beginning are indeed as expected. Netizens have doubled, and the scale of Internet companies' users is continuously expanded, but soon, the industry is low, and risk investors have fell down.
For the role of venture capital on the Internet of China, some people have analyzed that at least many people have taught many people to go online and cultivated many Chinese Internet elites, which has also enabled the Chinese Internet to rise after 2003. Moreover, the benefit of the crushing of the network bubble is that the bird guns in the venture capital are expelled, and the real VC regular army is ushered in.
Pet industrial cycle, a moment of change. As soon as the Nasdaq's recovery for several years, the venture capitalors invested in China began to be active. Sun Zhengyi of Japan's SoftBank is optimistic about Internet broadband applications many years ago, so he became the largest loser during the Internet bubble period. So far, SoftBank's financial statements are still very ugly. However, SoftBank's investment in Shanghai Shanda Network is the classic -at that time, Shanda was already in a large scale in the online game circle, only the last funds for the last funds, SoftBank took the time in time, and sent Shanda to Shanda in less than 2 years. Nasdaq, successfully cash out.
In 2004, there were nine Chinese Internet companies including Ctrip, Shanda Network, TOM, E Dragon, Ninth City, Palm Lingtong, Air Network, Worry -Free Powder and Financial World in Nasda. When Ke successfully went public, another group of venture capitalors who did not persist in the low ebb period of the industry lamented why they had no eyesight.
The risk investment "vane" revealed a signal: the low tide in front of you is by no means eternal low tide. For a real investor, as long as the market is large enough, there will be an opportunity to invest.
In relevant statistics, in 2004, 43 transactions reached by American risk capital in China were the highest level in 10 years. In 2005, risk capital accumulated over the Internet of China is said to be as many as $ 2 billion It is exciting whether the foam era is coming again. Some entrepreneurs with the Web 2.0 banner have begun to look at each other frequently with venture capitalists. Various forums with the theme of entrepreneurship and investment are overcrowded. People are different. "
The hidden rules of China Risk Investment VC:
Ip: Original VC also talks about levels
If rules 2: more expensive, the more expensive the more expensive, the more expensive the investment
: Pay attention to the connection
rules 4: Near the ground
Rihina: VC is the most expensive financing method
If rule 6: VC is commonplace
rule 7: pulling seedlings to encourage the growth, settlement of bags as peace,
If rule eight: Do not give up the bottom limit of VC
If rule ninth: Keep awake, do not believe the praise of VC
Rules 10: VC is a utilitarian economic animal, which may "change the face" at any time.
Ruodia 11: The imagination space in an industry is only so large
Ruins 12: VC's Chinese alienation
[How to screen and contact venture capitalors] R n 1. Screening
The enterprises seeking venture capital should understand the risk investment market in advance. Risk -risk companies can check references like Daquan of Risk Investment Corporations ?? In these documents, there are often some information about the preferences of these venture capital companies. You can also check the investor list of those who are about to listed in the industry, or or Visit the managers of other companies in the industry directly. Since then, risk companies can screen out several possible investment companies according to the characteristics and funds of the company. When screening, the factors that risk enterprises need to consider include: the scale of the investment required by the enterprise; the geographical location of the enterprise; the development stage and development status of the enterprise; the sales and profitability of the enterprise; the business scope of the enterprise. Generally, in the process, lawyers and accountants play a great role.
2. Main investors
In the process of raising risk funds, sometimes risk entrepreneurs need to find a major investor. This major investor will promote, evaluate, build this transaction with entrepreneurs Essence In addition, this major investor will organize the surrounding investors to form an investor group. Risk entrepreneurs should choose his main investors from the most powerful investors.
3. contact
Most of the cases, contact with venture capitalists can start through electrical work ?? Just explore whether your new idea is suitable for the business scope of venture capital companies. Most venture capitalists will pick up the handset because they don't know where the next good project will come from. However, due to many people seeking funds, venture capital companies also need a screening process. If a risk entrepreneur can get a recommendation of a lawyer, an accountant or an "authority" in an industry that makes a risk investment company, he will increase the possibility of funding.
Despite this, most venture capital companies are easier to get closer than people think. Some entrepreneurs often complain that they cannot find venture investors, do not do it or do that. Imagine if a risk entrepreneur can't even find a way to contact venture investors. So, how can investors expect that he will successfully sell products to customers? Therefore, in the process of contact, risk entrepreneurs must have a tenacious and tenacious spirit.
During the contact with the venture capital company, if entrepreneurs feel that their project is difficult to attract the attention of those investors, he can repeatedly ask himself if he The mission? Can the company's products win a sufficiently large and satisfactory market? Can an enterprise guarantee that the investor's investment is not wasted? Of course, a risk investment project cannot guarantee 100%of investors to gain benefits, and there is always existence Risks or that risks. Therefore, even if the entrepreneur's business plan is not perfect, entrepreneurs can send it out without hesitation. Because risk entrepreneurs are often willing to cooperate with those pioneers to help them realize those beautiful ideas.
In order to ensure the success of the funding, some risk entrepreneurs like to contact the risk investors at a time, but the results are often unsatisfactory. In fact, if you connect with 20 or 30 venture capitalists, it will make people feel that this is not a good business, so it will not take time to consider this project (because this project may have been taken away by others). Conversely, if risk entrepreneurs go to risk investors one by one every time, then he may never raise funds. Therefore, the most reliable method is to select 8 to 10 possible venture capitalists as the goal, and then start contacting them. Before accepting, carefully understand the situation of those who are interested in the project, and prepare a candidate table. In this way, if no one expresses interest, entrepreneurs can not only know the reason, but also find other Hou Xuan investors to contact. In short, entrepreneurs must not introduce the project to too many venture capitalists. Risk investors do not like the form of product exhibitions. They also hope to find out those who are discarded by people who are discarded on the side of the road. Business opportunity.
silver lots jewelry wholesale market Pay content for time limit to check for freenAnswer Hello, I have seen your question. I am sorting out the answer, please wait a while ~nVC is the abbreviation of venture capital companies. Risk investment companies are special risk funds (or risk capitals), which effectively invest in high -tech enterprises with profitable funds, and enterprises that obtain capital compensation through the latter listing or mergers and acquisitions. Except for the starting company, not the starting company, not the big company, the venture capital company is similar to an investment company.nVC is the abbreviation of venture capital companies. Risk investment companies are special risk funds (or risk capitals), which effectively invest in high -tech enterprises with profitable funds, and enterprises that obtain capital compensation through the latter listing or mergers and acquisitions. Except for the starting company, not the starting company, not the big company, the venture capital company is similar to an investment company.nI hope my answer can help you. If you are satisfied with my service, please like me! wish you a happy life!nWhat should I do if I have a loss of investment in venture capital companies?nAnswer the wind investment, as the name suggests, risk investment. And this risk is reflected in the results, that is, losses or even blood. In China, generally we say that wind investment refers to the equity investment of an early start -up enterprise (or project), that is, according to a certain valuation, increasing the capital of the company and possessing the corresponding proportion of the equity — that is, that is, that is, that is, Become a shareholder of the company, so you can enjoy the corresponding rights and responsibilities of shareholders in accordance with the law. Of course, its money is mainly dependent on the flow and transfer of equity, and it is not profitable through corporate profits. In a sense, entrepreneurship is their own venture capital, but there is no premium.n4 morenBleak
jewelry making wire wholesale From the perspective of investment behavior, venture capital [1] is a high -tech and research and development field of high -tech and its products that invest in the risk of failure. A process of investment. From the perspective of operation methods, it refers to the process of investing in risk capital to high -tech enterprises under the management of professional talent management to particularly potential high -tech enterprises. A way of investment. [2]
The type editing
The new venture capital methods are constantly appearing, and there are many standards for risk investment. According to the different stages of the development of enterprises that receive venture capital, we can generally divide the venture capital into four types.
1, seed capital
2, import capital
3, Capital
4, Venture a Capital N operation process
The operation of venture capital includes four stages: financing, investment, management, and exit.
The problem of "where the money comes from" during the financing stage. Generally, the source of risk capital includes pension funds, insurance companies, commercial banks, investment banks, large companies, university donation funds, wealthy individuals and families. In the financing stage, the most important problem is how to solve investors and managers Arrangement of rights and obligations and interest distribution.
It the problem of "where to go" during the investment phase. Professional venture capital institutions have invested risk capital to entrepreneurial enterprises with great growth potential through a series of procedures such as preliminary screening, due diligence, valuation, negotiations, terms design, and investment structure arrangements.
It the problem of "value -added" during the management phase. The venture capital institutions mainly achieve value appreciation through supervision and services. "Supervision" mainly includes participating in the board of directors of the invested enterprise and replacing the management team members when the investor's performance fails to meet the target of the expected goal. Improve business plans, corporate governance structures, and help the invested companies get subsequent financing. Value value -added management is an important aspect of risk investment in other investment.
In exit phase to solve the problem of "how to achieve". Risk investment institutions mainly withdrawn from the three ways of IPO, equity transfer and bankruptcy liquidation to withdraw from the entrepreneurial enterprises invested to achieve investment income. After the exit is completed, the venture capital institution also needs to distribute investment income to investors who provide risk capital.
4 Edit
The risk investment is generally operated by risk investment funds. The legal structure of venture capital funds is a form of limited partnership, while venture capital companies manage the fund's investment operation as ordinary partners and get corresponding compensation. Adopting a limited partnership venture capital fund in the United States can obtain tax incentives, and the government also encourages the development of venture capital in this way.
5 Standard Edit
1. Market with potential development [5]
2, technology is aimed at market needs
3, can establish market advantages
4, can become market leaders
5, management talents and vision
6, rich returns
6 Feature edit edit
1, most of the investment objects are small and medium-sized enterprises in the entrepreneurial period (Start-up), and most of them are mostly, and most of them are mostly. High-tech enterprises;
2, the investment period is at least 3-5 years, and the investment method is generally equity investment, usually accounting for about 30%of the invested enterprise, not requiring controlling equity, no guarantee or mortgage;
3, investment decisions are based on high professionalism and proceduralization;
4, Venture (Venture) generally actively participate in the management and management of the invested enterprise, providing value -added services;
except seeds In addition to the financing (SEED) financing, venture capitalists generally meet the financing needs of various development stages of the investing enterprise;
5, because the purpose of the investment is to pursue excess returns, when the invested company appreciates, the venture capitalists will meet The capital is withdrawn through listing, acquisitions, or other equity transfer methods to achieve value -added.
7 Features Edit
Investment activities composed of elements such as funds, technology, management, professional talents, and market opportunities. Equity methods, actively participate in the investment of emerging enterprises;
. Assisting enterprises to operate management, participating in major decision -making activities of the enterprise;
. Investment risk is large and high in return; Various venture capital;
. The pursuit of early recovery of investment is not for the purpose of controlling the ownership of the invested company;
. On the basis of;
6. Investment objects are generally high -tech and high -growth companies.
8 Edit
1. Searching for investment opportunities
Investment opportunities can come from risk investment companies to find themselves, entrepreneur recommendations, or third parties.
2. Preliminary screening
The risk investment enterprise conducted initial review of the project based on investment proposal handed in entrepreneurs, and selected a few interested people for further inspections.
3. Investigation and evaluation
The risk capitalists will conduct a wide range of investigations on investment suggestions for about six weeks to eight weeks to test the accuracy of the materials submitted by entrepreneurs and discover the possible omissions of the excavation. Important information; while understanding investment projects from all aspects, analyze the management, products and technology, marketing, and finance of investment projects based on the various intelligences they have mastered to make investment decisions.
4. Seeking joint -funded persons
Curagasiars generally seek joint investment by other investors. In this way, the total investment can be increased and the risks can be dispersed. In addition, it can also share the experience of other risk capitalists in related fields through Sindiga.
5. Investment conditions for negotiated negotiations
Once the investment and financing parties reached a consensus on the key investment conditions of the project, the risk capitalist as a leading investor will draft a "investment clause list" to make initials to entrepreneurs. Investment commitment.
6, final transaction
As long as the facts are clear and the transaction conditions and details are unanimously agreed, the two parties can sign the final transaction documents and invest in effective. [6]
9 Editing Edit
First of all, they required to invest more than 25%of the internal return rate (IRR) after deducting expenditures.
Is the investment opportunities they want to obtain is: a startup that can grow into a certain scale within a few years, and can get a balance between the required investment and the final return (merger or IPO exit), that is, that is, that is, that is, that is, Four points:
(1) a certain potential company scale;
(2) investment period;
(3) return on investment;
(4) Essence
10 Development Edit
It situation
Xiong Xiaoge, Yan Yan and Zhou Quan were once known as the "three stools in China".
Among them, Xiong Xiaoge is the founding partner of IDG. He joined the industry in 1991 and was from Hunan.
Yan Yan is the chief partner of SoftBank Sai Fugu.
The weeks of full current IDG Technology Entrepreneurship Investment Fund President
The venture capital vs flickering. In the early stage, the market often made venture capital and flickering. The Chief Economist of Guojin Certificate Jinyan once joked that the output model of the venture capital is: Venture Capital is the first year to vote for others, the second year has a result, successfully became famous in the third year, and then opened another stove. Essence
In the field of investment, in the 1990s, almost all of the companies invested by VC in China were all Internet companies, such as familiar Sina, Sohu, Alibaba and other Internet companies. Favorite. However, unlike previously investing in the Internet industry, a new round of VC Investment is enthusiastic about traditional projects. Education and training, catering chain, cleaning technology, and automotive aftermarket are all investment hotspots. Once traditional industries form a chain brand, it is easy to form an overall effect, and industries such as catering chain and chain hotels have a broad prospect in the Chinese market, belonging to good growth and very stable returns. It is inevitable that it is favored by venture capital.
With the continuous and stable high -speed growth of China's economy and the gradual improvement of the capital market, China's capital market has shown a strong growth trend in recent years. Strategic land.
. Although the overall size of China's industrial investment market still has a certain gap with developed countries, the return of investment in China is a world -class. In addition, risk investment should be consistent with the macroeconomic direction. The process of urbanization in China is expected to increase the population of China to 920 million people in 2025. The proportion of urban GDP will also increase to 95%. The consumer goods market, medical equipment, environment, and energy of urban residents will become the focus of attention in the future.
The "Golden Ten Years" that is considered to be "from weak to strong" and rapid development of China's venture capital in the next ten years. It is necessary to face the development opportunities facing China's venture capital industry with a long -term perspective and global vision. It is expected that China will become a major venture capital country after the United States and Europe in the next ten years. Regardless of the needs of macroeconomic development, independent innovation national strategy, and the development prospects of the capital market, or from the perspective of the development trend of the venture capital industry, this wish is completely possible. [7]
Trends
On February 5, 2007, "Commercial Weekly" published an analysis article saying that in 2006, the American venture capital field showed three new trends: the scale of venture capital is getting larger and larger, investment goals for investment goals Starting to mature companies and markets outside the United States.
For a long time in the past, the emerging company created by two people in a garage is the preferred goal of venture capital companies, Bill Hewlett and David Picard ( HP created by David Packard, as well as Google created by Larry Page and Sergey Brin, is the two most successful examples. But in the past year, this template has changed a lot. [7]
1. The scale of risk investment is getting larger and larger
According to the published data, the two funds with the largest financing scale in 2006 came from Oak Partners and News, respectively. One hundred million U.S. dollars. On the whole, funds in 2006 from 500 million US dollars and $ 1 billion in funds accounted for 12.1%among all funds, doubled from 2005; The proportion of funds is 4.4%, which is much higher than 1.6%in 2005.
venture One analyst Josh Grove said: "The scale of these funds is getting larger and some small -scale funds have gradually been eliminated. Small -scale funds will form 'vacuum'. "In 2006, funds with a financing scale of less than US $ 100 million accounted for 34%of all funds, far lower than 71%in 2002. The average financing of medium -sized funds in 2006 was US $ 2005 million, compared to only $ 153 million in 2004.
The trend has led to some venture investors have begun to imitate private equity investors, looking for high growth opportunities in mature companies, rather than starting from the bottom layer as in the past to help emerging companies recruit management and promote products to promote products And build the market. "Some funds actually originated from bubbles," said Bryan Roberts. It will be suppressed. "
2. Small -scale funds are crowded
In in a sense, the generation of this trend has a lot to do with the downturn of the first open prospectus market and the continued decline in technology stocks. At the same time, this also shows the strong trend of private equity capital investment. In 2006, the total investment in private equity capital was as high as US $ 660 billion. While making money by private equity capital, venture capital companies are naturally unwilling to show weakness. In addition to Oak Partners and News, the other three top five funds come from Polaris Venture Partners, Venture Partners, and Sequoia Capital.
Whist that the five major venture capital companies go hand in hand, the financing scale of other companies shows a downward trend. For example, Charles River Ventures raised US $ 250 million in 2004, less than $ 450 million in 2001; North Bridge Venture Partners' financing was 500 million US dollars in 2005, less than $ 825 million in 2001; U.S. Venture PARTNERS financing in 2004 $ 600 million, less than $ 1 billion in 2001. The expansion of the fund size also means an increase in investment. The maximum risk investment obtained by a company is usually between US $ 20 million and $ 50 million, which is much higher than the previous $ 1 million to $ 10 million.
3. Investment targets to foreign abroad
This trend does not mean that emerging companies cannot attract investment. According to the published data, the emerging company in the information service field in 2006, that is, companies with the content of users' content as the main business, received a total of $ 2.4 billion in venture capital, an increase of 27%over 2005. However, it is very difficult to find a winner in emerging companies, and more and more venture capital companies have turned their attention to markets outside the United States. Even those funds dedicated to early technology companies, their investment scope is no longer limited to Silicon Valley.
Draper Fisher Jurvetson managed a total of about $ 4 billion, but it includes 19 funds, which are covered with multiple regions such as Boston and Beijing. Under normal circumstances, regional managers are more likely to find investment opportunities than managers who work at the company headquarters. In the past two years, three of the most successful investment in Draper Fisher Jurveson, three are from markets outside the United States. The investment objects are Baidu, eBay's Skype department, and Focus Media.
The survival space of medium -scale fund is limited
The risk investment company is trying to find companies that lack funds, mature, and promising development in China and India. In this process, medium -sized funds have fallen into a dilemma. Compared with small -scale funds, they are not flexible enough; compared to large -scale funds, their strength has a lot of gaps. For this reason, donations of pension funds and university often choose large -scale funds or small -scale funds, while medium -sized funds are not interested.
Anyway, the total venture investment obtained by emerging companies in the United States still shows an upward trend. According to the data released by Ernst
wholesale iron maiden jewelry Hello, venture capital refers to a financing method of providing capital support to startups and obtaining the company's shares. Risk investment is a form of private equity investment. It is a new small and medium -sized enterprise that raises funds in private equity, established in the form of companies such as companies, and invests in the future listing of small and medium -sized enterprises, especially the high -risk of emerging high -tech enterprises and ask for high returns.
The risk investment is generally operated by risk investment funds. In the legal structure, venture capital funds adopt a limited partnership, while the venture capital company manages the fund's investment operation as an ordinary partner and receives corresponding compensation. Adopting a limited partnership venture capital fund in the United States can obtain tax incentives, and the government also encourages the development of venture capital in this way.