風險投資簡稱VC，又稱“創業投資”是指由職業金融家投入到新興的、迅速發展的、有巨大競爭力的企業中的一種權益資本，是以高科技與知識為基礎，生產與經營技術密集的創新產品或服務的投資。
風險投資的基本類型：
1、種子資本
企業，既不可能從傳統的銀行部門獲取信貸，也很難從商業性的風險投資公司獲得風險資本。除了求助于專門的金融渠道以外，這些企業更多的目光投向提供"種子資本"的風險投資基金。種子資本主要是為那些處于產品開發階段的企業提供小筆融資。由于這類企業甚至在很長一段時期內都難以提供具有商業前景的產品，所以投資風險極大。
2、導入資本
有了較明確的市場前景后，由于資金短缺，企業便可尋求"導入資本"，以支持企業的產品中試和市場試銷。但是由于技術風險和市場風險的存在，企業要想激發風險投資家的投資熱情，除了本身達到一定的規模外，對導入資本的需求也應該達到相應的額度。
3、發展資本
擴張期的"發展資本"。這種形式的投資在歐洲已成為風險投資業的主要部分。這類資本的一個重要作用就在于協助那些私人企業突破杠桿比率和再投資利潤的限制，鞏固這些企業在行業中的地位，為它們進一步在公開資本市場獲得權益融資打下基礎。
4、風險并購資本
一般適用于較為成熟的、規模較大和具有巨大市場潛力的企業。與一般杠桿并購的區別就在于，風險并購的資金不是來源于銀行貸款或發行垃圾債券，而是來源于風險投資基金，即收購方通過融入風險資本，來購并目標公司的產權。
風險投資在創業企業發展初期投入風險資本，待其發育相對成熟后，通過市場退出機制將所投入的資本由股權形態轉化為資金形態，以收回投資。風險投資的運作過程分為融資過程、投資過程、退出過程。
風險投資的作用：
1、融資功能：風險資本為創新企業提供急需的資金,保證創業對資金的連續性。
2、資源配置功能：風險資本市場存在著強大的評價、選擇和監督機制，產業發展的經濟價值通過市場得以公正的評價和確認,以實現優勝劣汰，提高資源配置效率。
3、產權流動功能：風險資本市場為創新企業的產權流動和重組提供了高效率、低成本的轉換機制和靈活多樣的并購方法，促進創新企業資產優化組合，并使資產具有了較充分的流動性和投資價值。
4、風險定價功能。風險定價是指對風險資產的價格確定，它所反映的是資本資產所帶來的未來收益與風險的一種函數關系。投資者可以參照風險資本市場提供的各種資產價格，根據個人風險偏好和個人未來預期進行投資選擇。風險資本市場正是通過這一功能，在資本資源的積累和配置中發揮作用的。
長(chang)期股(gu)權投(tou)資(zi)是指通(tong)過(guo)(guo)投(tou)資(zi)取得被(bei)投(tou)資(zi)單位的股(gu)份。企業對其他單位的股(gu)權投(tou)資(zi)，通(tong)常是為長(chang)期持有，以及通(tong)過(guo)(guo)股(gu)權投(tou)資(zi)達(da)到控制被(bei)投(tou)資(zi)單位，或(huo)對被(bei)投(tou)資(zi)單位施加重大影響，或(huo)為了與被(bei)投(tou)資(zi)單位建(jian)立密切關(guan)系(xi)，以分散經營風(feng)險。
2014-11-13 風險投資 +閱讀全文
投資擔(dan)保(bao)公司(si)是指個(ge)(ge)人(ren)在向銀行(xing)貸(dai)款(kuan)(kuan)的時(shi)候，銀行(xing)為了降低(di)風(feng)險(xian)，不直接放款(kuan)(kuan)給個(ge)(ge)人(ren)。需(xu)要貸(dai)款(kuan)(kuan)人(ren)找到第三(san)方(fang)，為貸(dai)款(kuan)(kuan)人(ren)做信(xin)用擔(dan)保(bao)。擔(dan)負個(ge)(ge)人(ren)或中小企業信(xin)用擔(dan)保(bao)職能的專業機構,通過有償出借自身信(xin)用資源、防控信(xin)用風(feng)險(xian)來獲(huo)取經濟與社(she)會效益。
2014-11-13 風險投資 +閱讀全文
風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)是(shi)投(tou)資(zi)(zi)(zi)(zi)(zi) 決(jue)策 中(zhong)的(de)(de)(de)(de)(de)(de)(de)(de)兩個(ge)重要(yao)(yao)的(de)(de)(de)(de)(de)(de)(de)(de)決(jue)定因(yin)素，任何(he)投(tou)資(zi)(zi)(zi)(zi)(zi)決(jue)策的(de)(de)(de)(de)(de)(de)(de)(de)確立都(dou)離不(bu)開對(dui)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)計量權(quan)衡(heng)。一(yi)般而(er)言(yan)，對(dui)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)衡(heng)量指(zhi)(zhi)(zhi)標(biao)是(shi)收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)方差與期(qi)(qi)(qi)望值，但(dan)(dan)僅僅憑借這(zhe)(zhe)(zhe)兩個(ge)指(zhi)(zhi)(zhi)標(biao)來(lai)做(zuo)決(jue)策是(shi)有缺陷的(de)(de)(de)(de)(de)(de)(de)(de)。因(yin)為(wei)這(zhe)(zhe)(zhe)兩個(ge)指(zhi)(zhi)(zhi)標(biao)只(zhi)是(shi)客(ke)觀(guan)的(de)(de)(de)(de)(de)(de)(de)(de)反映了風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)大小，卻(que)忽略了投(tou)資(zi)(zi)(zi)(zi)(zi)者(zhe)(zhe)的(de)(de)(de)(de)(de)(de)(de)(de)主(zhu)觀(guan)因(yin)素。 在(zai)市(shi)場上(shang)存(cun)在(zai)著這(zhe)(zhe)(zhe)樣一(yi)種資(zi)(zi)(zi)(zi)(zi)產，其收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)基本(ben)(ben)確定，風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)幾(ji)乎為(wei)零，這(zhe)(zhe)(zhe)就(jiu)(jiu)是(shi)短(duan)期(qi)(qi)(qi)國(guo)庫券，因(yin)此可以(yi)(yi)把(ba)國(guo)庫券的(de)(de)(de)(de)(de)(de)(de)(de)收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)看(kan)作(zuo)是(shi)無(wu)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)R0.對(dui)于(yu)(yu)任何(he)一(yi)個(ge)有風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)的(de)(de)(de)(de)(de)(de)(de)(de)投(tou)資(zi)(zi)(zi)(zi)(zi)，投(tou)資(zi)(zi)(zi)(zi)(zi)者(zhe)(zhe)都(dou)會通(tong)過(guo)對(dui)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)權(quan)衡(heng)，給出一(yi)個(ge)最(zui)低的(de)(de)(de)(de)(de)(de)(de)(de)期(qi)(qi)(qi)望效(xiao)(xiao)用曲(qu)(qu)線，該曲(qu)(qu)線表明(ming)了投(tou)資(zi)(zi)(zi)(zi)(zi)者(zhe)(zhe)進行某項(xiang)投(tou)資(zi)(zi)(zi)(zi)(zi)所要(yao)(yao)求(qiu)達到(dao)(dao)的(de)(de)(de)(de)(de)(de)(de)(de)最(zui)低滿足程(cheng)度。只(zhi)有預期(qi)(qi)(qi)投(tou)資(zi)(zi)(zi)(zi)(zi)效(xiao)(xiao)用等于(yu)(yu)或超(chao)過(guo)最(zui)低投(tou)資(zi)(zi)(zi)(zi)(zi)期(qi)(qi)(qi)望效(xiao)(xiao)用的(de)(de)(de)(de)(de)(de)(de)(de)投(tou)資(zi)(zi)(zi)(zi)(zi)，才會被投(tou)資(zi)(zi)(zi)(zi)(zi)者(zhe)(zhe)接受。 我(wo)國(guo)的(de)(de)(de)(de)(de)(de)(de)(de) 風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)投(tou)資(zi)(zi)(zi)(zi)(zi) 尚未實(shi)現風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)對(dui)稱，主(zhu)要(yao)(yao)體現在(zai)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)過(guo)高(gao)(gao)，收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)不(bu)足。這(zhe)(zhe)(zhe)一(yi)方面(mian)(mian)是(shi)由于(yu)(yu)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)投(tou)資(zi)(zi)(zi)(zi)(zi)本(ben)(ben)身所固有的(de)(de)(de)(de)(de)(de)(de)(de)高(gao)(gao)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)性所致，更重要(yao)(yao)的(de)(de)(de)(de)(de)(de)(de)(de)是(shi)在(zai)于(yu)(yu)我(wo)國(guo)的(de)(de)(de)(de)(de)(de)(de)(de)市(shi)場發育(yu)程(cheng)度、企(qi)業制度等與風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)投(tou)資(zi)(zi)(zi)(zi)(zi)運作(zuo)體系(xi)的(de)(de)(de)(de)(de)(de)(de)(de)要(yao)(yao)求(qiu)還不(bu)匹(pi)配(pei)，造(zao)成(cheng)投(tou)資(zi)(zi)(zi)(zi)(zi)者(zhe)(zhe)的(de)(de)(de)(de)(de)(de)(de)(de)預期(qi)(qi)(qi)投(tou)資(zi)(zi)(zi)(zi)(zi)效(xiao)(xiao)用低于(yu)(yu)最(zui)低期(qi)(qi)(qi)望投(tou)資(zi)(zi)(zi)(zi)(zi)效(xiao)(xiao)用，因(yin)而(er)得(de)不(bu)到(dao)(dao)廣大投(tou)資(zi)(zi)(zi)(zi)(zi)者(zhe)(zhe)的(de)(de)(de)(de)(de)(de)(de)(de)認可。 以(yi)(yi)證(zheng)券投(tou)資(zi)(zi)(zi)(zi)(zi)為(wei)例，在(zai)證(zheng)券投(tou)資(zi)(zi)(zi)(zi)(zi)中(zhong)，收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)和風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)形影相(xiang)(xiang)(xiang)隨，收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)以(yi)(yi)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)為(wei)代價，風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)用收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)來(lai)補償。 收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)與風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)的(de)(de)(de)(de)(de)(de)(de)(de)基本(ben)(ben)關系(xi)是(shi)：收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)與風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)相(xiang)(xiang)(xiang)對(dui)應(ying)(ying)。 也就(jiu)(jiu)是(shi)說，風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)較(jiao)(jiao)大的(de)(de)(de)(de)(de)(de)(de)(de)證(zheng)券，其要(yao)(yao)求(qiu)的(de)(de)(de)(de)(de)(de)(de)(de)收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)相(xiang)(xiang)(xiang)對(dui)較(jiao)(jiao)高(gao)(gao)；反之(zhi)，收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)較(jiao)(jiao)低的(de)(de)(de)(de)(de)(de)(de)(de)投(tou)資(zi)(zi)(zi)(zi)(zi)對(dui)象，風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)相(xiang)(xiang)(xiang)對(dui)較(jiao)(jiao)小。但(dan)(dan)是(shi)，絕不(bu)能因(yin)為(wei)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)有著這(zhe)(zhe)(zhe)樣的(de)(de)(de)(de)(de)(de)(de)(de)基本(ben)(ben)關系(xi)，就(jiu)(jiu)盲(mang)目地認為(wei)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)越大，收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)就(jiu)(jiu)一(yi)定越高(gao)(gao)。風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)相(xiang)(xiang)(xiang)對(dui)應(ying)(ying)的(de)(de)(de)(de)(de)(de)(de)(de)原理只(zhi)是(shi)揭示風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)這(zhe)(zhe)(zhe)種內在(zai)本(ben)(ben)質(zhi)關系(xi)：風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)與收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)共生共存(cun)，承擔風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)是(shi)獲取收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)前提；收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)是(shi)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)的(de)(de)(de)(de)(de)(de)(de)(de)成(cheng)本(ben)(ben)和報酬。風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)和收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)的(de)(de)(de)(de)(de)(de)(de)(de)上(shang)述本(ben)(ben)質(zhi)聯系(xi)可以(yi)(yi)表述為(wei)下(xia)面(mian)(mian)的(de)(de)(de)(de)(de)(de)(de)(de)公(gong)式： 預期(qi)(qi)(qi)收(shou)(shou)益(yi)(yi)(yi)(yi)(yi)率(lv)(lv)=無(wu)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)利(li)率(lv)(lv)+風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)補償 在(zai)短(duan)期(qi)(qi)(qi)國(guo)庫券無(wu)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)利(li)率(lv)(lv)的(de)(de)(de)(de)(de)(de)(de)(de)基礎上(shang)，我(wo)們可以(yi)(yi)發現以(yi)(yi)下(xia)幾(ji)個(ge)規律(lv)： (一(yi))同一(yi)種類型的(de)(de)(de)(de)(de)(de)(de)(de)債(zhai)(zhai)券 期(qi)(qi)(qi)貨 ，長期(qi)(qi)(qi)債(zhai)(zhai)利(li)率(lv)(lv)比(bi)短(duan)期(qi)(qi)(qi)債(zhai)(zhai)券高(gao)(gao) 這(zhe)(zhe)(zhe)是(shi)對(dui)利(li)率(lv)(lv)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)的(de)(de)(de)(de)(de)(de)(de)(de)補償。如同是(shi)政(zheng)府(fu)債(zhai)(zhai)券，都(dou)沒(mei)有信用風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)和財務風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)，但(dan)(dan)長期(qi)(qi)(qi)債(zhai)(zhai)券的(de)(de)(de)(de)(de)(de)(de)(de)利(li)率(lv)(lv)要(yao)(yao)高(gao)(gao)于(yu)(yu)短(duan)期(qi)(qi)(qi)債(zhai)(zhai)券，這(zhe)(zhe)(zhe)是(shi)因(yin)為(wei)短(duan)期(qi)(qi)(qi)債(zhai)(zhai)券沒(mei)有利(li)率(lv)(lv)風(feng)(feng)(feng)(feng)(feng)(feng)(feng)險(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)(xian)，而(er)長期(qi)(qi)(qi)債(zhai)(zhai)券卻(que)可能受到(dao)(dao)利(li)率(lv)(lv)變動(dong)的(de)(de)(de)(de)(de)(de)(de)(de)影響，兩者(zhe)(zhe)之(zhi)間(jian)利(li)率(lv)(lv)的(de)(de)(de)(de)(de)(de)(de)(de)差
2014-11-12 風險投資 +閱讀(du)全(quan)文
風險(xian)投資作(zuo)為(wei)一種特殊的(de)投資形式興起于20世紀50年代的(de)美(mei)國，經過50年的(de)發展(zhan)，現(xian) 已成為(wei)推動美(mei)國高科(ke)技產業(ye)(ye)發展(zhan)的(de)助推器(qi)，進而不斷(duan)地為(wei)美(mei)國經濟(ji)注入新的(de)活(huo)力。風險(xian)投資 不僅能(neng)使許多創業(ye)(ye)者(zhe)的(de)夢想變成現(xian)實(shi)，給投資者(zhe)帶來豐(feng)厚的(de)回報，同時(shi)也為(wei)社會創造(zao)了巨大的(de)財富。
2014-11-12 風險投資 +閱(yue)讀全文
風投分這幾塊：融、投、管(guan)、退。融，就是找LP融錢；投，就是你判(pan)(pan)斷這個(ge)公(gong)司(si)(si)好(hao)(hao)不(bu)好(hao)(hao)，這個(ge)行業(ye)(ye)好(hao)(hao)不(bu)好(hao)(hao)，找到(dao)好(hao)(hao)的(de)跟他談判(pan)(pan)好(hao)(hao)去投資；管(guan)，是指投資完以(yi)后(hou)的(de)價值增加(jia)，因(yin)為風險投資往往帶給公(gong)司(si)(si)或者企(qi)業(ye)(ye)家不(bu)僅是錢，還有對(dui)這個(ge)行業(ye)(ye)的(de)了解、人脈、管(guan)理公(gong)司(si)(si)的(de)經驗、對(dui)資本市場的(de)了解和(he)上市經驗等。
2014-11-12 風險投資 +閱讀全文
風險投(tou)資的(de)(de)(de)運行(xing)(xing)模式(shi)(shi)是與(yu)地(di)區的(de)(de)(de)技術現狀、市場(chang)環境及政(zheng)府的(de)(de)(de)政(zheng)策(ce)法規(gui)有(you)關的(de)(de)(de)投(tou)資行(xing)(xing)為方式(shi)(shi)。要(yao)判(pan)斷何(he)種模式(shi)(shi)適合自(zi)己的(de)(de)(de)國(guo)(guo)家(jia)(jia)（或地(di)區）就首先(xian)要(yao)了解(jie)風險企業有(you)何(he)特(te)征，風險企業和(he)風險投(tou)資在本國(guo)(guo)或本地(di)區的(de)(de)(de)發展情況如何(he)。其(qi)次，還要(yao)了解(jie)其(qi)他國(guo)(guo)家(jia)(jia)（特(te)別是風險投(tou)資發達的(de)(de)(de)國(guo)(guo)家(jia)(jia)）是如何(he)運作的(de)(de)(de)，有(you)否可行(xing)(xing)的(de)(de)(de)國(guo)(guo)際(ji)慣例。
2014-11-12 風險投資 +閱讀全文
在(zai)(zai)國(guo)外長期的(de)風險(xian)投(tou)資實踐中，財務投(tou)資人在(zai)(zai)大量(liang)的(de)失(shi)敗(bai)案(an)例中不斷吸取教訓，逐漸總結出了一系列(lie)的(de)保護措(cuo)施，通過在(zai)(zai)簽(qian)訂協議(yi)時規定一些特殊條(tiao)款來保護自身(shen)的(de)利益。這(zhe)些特殊條(tiao)款正是財務投(tou)資者與尋求控股權的(de)投(tou)資者在(zai)(zai)簽(qian)訂協議(yi)時存在(zai)(zai)的(de)顯著差異。
2014-11-12 風險投資 +閱讀全文
目前國內經(jing)濟走勢已經(jing)迎來降(jiang)息時(shi)間窗口，物價大幅上漲(zhang)已經(jing)沒有基(ji)礎，理應(ying)通過(guo)降(jiang)息降(jiang)低企業實際融資成本。
2014-11-12 風險投資 +閱讀全文
今后(hou)十年(nian)(nian)被認(ren)為(wei)是中國風(feng)(feng)險(xian)投資(zi)“由弱(ruo)到強”、飛速發展(zhan)(zhan)的(de)(de)“黃金(jin)十年(nian)(nian)”，需要以長遠眼光和(he)全球視野來(lai)正視中國風(feng)(feng)險(xian)投資(zi)事業(ye)(ye)所面臨(lin)的(de)(de)發展(zhan)(zhan)機遇。期望(wang)在(zai)未來(lai)十年(nian)(nian)內(nei)中國能成(cheng)為(wei)僅次于美國和(he)歐洲的(de)(de)風(feng)(feng)險(xian)投資(zi)強國。無論(lun)是從宏觀(guan)經濟發展(zhan)(zhan)勢(shi)頭、自主(zhu)創(chuang)新國家(jia)戰(zhan)略的(de)(de)需要、資(zi)本市場的(de)(de)發展(zhan)(zhan)前景來(lai)看，還是從風(feng)(feng)險(xian)投資(zi)業(ye)(ye)自身的(de)(de)發展(zhan)(zhan)態勢(shi)來(lai)看，這一(yi)愿望(wang)都完全有可能實現。
2014-11-11 風險投資 +閱讀(du)全文
風(feng)險(xian)投(tou)資(zi)(zi)的(de)(de)退(tui)出(chu)機(ji)制是通過產(chan)權交易來實現的(de)(de)。從(cong)國外(wai)風(feng)險(xian)投(tou)資(zi)(zi)的(de)(de)運(yun)營機(ji)制和(he)發(fa)展(zhan)過程的(de)(de)經(jing)驗教(jiao)訓分析來看(kan)，發(fa)達的(de)(de)產(chan)權交易市場是風(feng)險(xian)投(tou)資(zi)(zi)賴以生存和(he)發(fa)展(zhan)的(de)(de)必(bi)備(bei)條(tiao)件。通過產(chan)權交易，風(feng)險(xian)投(tou)資(zi)(zi)資(zi)(zi)本(ben)才能形成(cheng)正常(chang)的(de)(de)資(zi)(zi)本(ben)增值(zhi)和(he)循環發(fa)展(zhan)。
2014-11-11 風險投資 +閱讀全文(wen)
