1、Venture Capital1Team :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.2What a VC doesThe venture capital fund earns money by owning equity in the companies it invests in

2、, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT and software. 3Mature markets Different VCs may target different industries such as:IT further split into niche areasAgri related BioinformaticsManufacturing - new materials Service4Abo

3、ut DFJ GrowthDFJ 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 across the glob

4、e and specializes in many industries and geographies. DFJ works with companies in seed, early, and growth stages.56Some successful casesYahooSybaseSkype(acquired by eBay)7VC in ChinaIDGIndigo Document GeneratorInternational Data Group ( IDG ) is the world leading IT publishing, market research compa

5、ny. Founded in 1964, headquarter in Boston of the U.S.It is the first introduced into China8Geographical differences Venture capital, as an industry, originated in the United States, and American firms have traditionally been the largest participants in venture deals with the bulk of venture capital

6、 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 regions. In many of these regions,

7、 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 2021, while VC funding were still majorly dominated by U.S. money ($28.8 billi

8、on invested in over 2550 deals in 2021), 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 significant. For instance, in the UK, 4

9、% of British investment goes to venture capital, compared to about 33% in the U.S.9VC investment & exit10VC looks forTeam leadership, multidisciplinary, integrity, competence, domain knowledgeProject, productMarket, opportunity, growth expected, barriers to competitionExit avenue11Business Plansare

10、to be forward looking, based on past knowledge of promoters and their work experience in the existing or new companyMust discount revenues expected, account for all expected costs and project expected cash flows12Future of VC in IndiaIndustry has not grown to meet needs of a variety of entrepreneurs

11、Too much money chasing too few projects, in select industries, not in the majorityPotential is there, needs to be tappedLack of appropriately trained persons to manage funds13SWOTStrengths : The VC firm can earn money by owning equity in the companies it invests in , and promote economic growth with

12、 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 nice.14Question11、What other management challenges do y

13、ou 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.15Question33.Identify at least one Indian firm that has raised venture capital. Describe its business and estimate its likelih

14、ood 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 is the worlds most exciting, most advanced science and techno

15、logy market. So investment in India enterprises means16About ChinaSequoia Capital China fund , it is in good condition . It has invested in the Internet, communication / wireless, media / new media, health care, new energy and environmental protection, software / hardware / semiconductor I think it

16、will be a success in the future.17That is all , thank you!18備注風險資本是投資于那些增長潛力大、頗具獲利前景新公司的一種私募基金。19備注四風險資本基金經過持有的公司股權投資賺錢，通常有一個新的技術或業(yè)務模型在高技術產業(yè)，如生物技術，IT和軟件 。也就是它賺得是股息。20備注不同的風險投資能夠目的在不同的行業(yè)比如說IT.這個是比較搶手的與農業(yè)相關的生物信息學制造新資料21備注五DFJ是一個成立于1985年的投資公司，它支持了400多個公司。其中涉及的領域有醫(yī)療、保健、軟件等。它的投資最后逐漸獲得了報答。22備注美國Sybase公司研制

17、的一種關系型數(shù)據(jù)庫系統(tǒng)，是一種典型的UNIX或WindowsNT平臺上客戶機/效力器環(huán)境下的大型數(shù)據(jù)庫系統(tǒng)。Skype中文名：訊佳普是一款網絡即時語音溝通工具，其具備IM所需的功能，比如視頻聊天、多人語音會議、多人聊天、傳送文件、文字聊天等功能。23美國國際數(shù)據(jù)集團International Data Group 是全世界最大的信息技術出版、研討、會展與風險投資公司。IDG公司2005年全球營業(yè)總收入到達26.8億美圓。IDG集團公司創(chuàng)建于1964年，總部設在美國波士頓。24備注三風險投資來源于美國美國企業(yè)是歷來風險投資買賣的參與者，目前風險投資資本大部分已被部署在美國公司。2021年，美國風險投資額度為28.8億美圓。國際資金投資有百分之五主要在中國、歐洲和以色列。25備注指點團隊，多學科，誠信，才干，領域知識工程，產品，USP市場，時機，增長預期，競爭壁壘出口大道26備注基于在現(xiàn)有新公司的任務閱歷的者過去的知識要向前看。必需為一切的預期本錢和預期現(xiàn)金流量賬戶降低收入預期27備注行業(yè)還沒有開展到可以滿足多種需求的企業(yè)家太多的錢追逐太