《Venture_Capital_风险投资2》由会员分享，可在线阅读，更多相关《Venture_Capital_风险投资2（31页珍藏版）》请在金锄头文库上搜索。
1、Venture Capital,1,Team :Liu heru Guo yutong Zhang ziran Sun hui Xiao min,What is VC?,Venture capital (VC) is a type of private equity that is invested in promising new business with high growth potential.,2,What a VC does,The venture capital fund earns money by owning equity in the companies it inve
2、sts in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT and software.,3,Mature markets,Different VCs may target different industries such as: IT further split into niche areas Agri related Bioinformatics Manufacturing - new materials S
3、ervice,4,About DFJ Growth,DFJ backs extraordinary entrepreneurs who set out to change the world. DFJ is a venture capital firm that was founded in 1985. DFJ has backed more than 400 companies in enterprise, software, mobile, cleantech, energy, health care, and other categories. DFJs team operates ac
4、ross the globe and specializes in many industries and geographies. DFJ works with companies in seed, early, and growth stages.,5,6,Some successful cases,Yahoo Sybase Skype(acquired by eBay),7,VC in China,IDG（Indigo Document Generator） International Data Group ( IDG ) is the world leading IT publishi
5、ng, market research company. Founded in 1964, headquarter in Boston of the U.S. It is the first introduced into China,8,Geographical differences,Venture capital, as an industry, originated in the United States, and American firms have traditionally been the largest participants in venture deals with
6、 the bulk of venture capital being deployed in American companies. However, increasingly, non-US venture investment is growing, and the number and size of non-US venture capitalists have been expanding. Venture capital has been used as a tool for economic development in a variety of developing regio
7、ns. In many of these regions, with less developed financial sectors, venture capital plays a role in facilitating access to finance for small and medium enterprises (SMEs), which in most cases would not qualify for receiving bank loans. In the year of 2008, while VC funding were still majorly domina
8、ted by U.S. money ($28.8 billion invested in over 2550 deals in 2008), compared to international fund investments ($13.4 billion invested elsewhere), there has been an average 5% growth in the venture capital deals outside the USA, mainly in China and Europe.Geographical differences can be significa
9、nt. For instance, in the UK, 4% of British investment goes to venture capital, compared to about 33% in the U.S.,9,VC investment & exit,10,VC looks for,Team leadership, multidisciplinary, integrity, competence, domain knowledge Project, product Market, opportunity, growth expected, barriers to compe
10、tition Exit avenue,11,Business Plans,are to be forward looking, based on past knowledge of promoters and their work experience in the existing or new company Must discount revenues expected, account for all expected costs and project expected cash flows,12,Future of VC in India,Industry has not grow
11、n to meet needs of a variety of entrepreneurs Too much money chasing too few projects, in select industries, not in the majority Potential is there, needs to be tapped Lack of appropriately trained persons to manage funds,13,SWOT,Strengths : The VC firm can earn money by owning equity in the compani
12、es it invests in , and promote economic growth with good management. Weaknesses : The VC firm may lose money if it invest a company with bad management or in bad condition. opportunities : The VC firm gives opportunities to many entrepreneurs. Treats : If the VC firm runs well , the treats will be n
13、ice.,14,Question1,1、What other management challenges do you see for a U.S.-based venture firm that establishes operations in India? 1.The firm will face some challenges of a lack of money , trained people , the government and so on.,15,Question3,3.Identify at least one Indian firm that has raised ve
14、nture capital. Describe its business and estimate its likelihood for long-term success.And how about China? BlueRun Vc firm is a global Vc firm, the main information technology investment, the field of mobile phone and consumer electronics, is in the early stages of development of enterprises. India
15、 is the worlds most exciting, most advanced science and technology market. So investment in India enterprises means,16,About China,Sequoia Capital China fund , it is in good condition . It has invested in the Internet, communication / wireless, media / new media, health care, new energy and environm
16、ental protection, software / hardware / semiconductor I think it will be a success in the future.,17,That is all , thank you!,18,备注,风险资本是投资于那些增长潜力大、颇具获利前景新公司的一种私募基金。,19,备注四,风险资本基金通过持有的公司股权投资赚钱，通常有一个新的技术或业务模型在高技术产业，如生物技术，IT和软件 。也就是它赚得是股息。,20,备注,不同的风险投资可能目标在不同的行业 比如说IT.这个是比较热门的 与农业相关的 生物信息学 制造新材料,21,备注五,DFJ是一个成立于1985年的投资公司，它支持了400多个公司。其中涉及的领域有医疗、保健、软件等。它的投资最后逐渐获得了回报。,22,备注,美国Sybase公司研制的一种关系型数据库系统，是一种典型的UNIX或WindowsNT平台上客户机/服务器环境下的大型数据库系统。 Skype（中文名：讯佳普）是一款网络即时语音沟通工具，其具备IM所需的功能，比如视频聊天、多人语
