小企业融资中风险投资与银行的互补

The Mutual Complementary of Venture Capital and Bank in Small Enterprises＇ Financing

风险投资可以很大程度解决小企业初创期的不确定性和信息不对称性，弥补银行不愿意承担过高风险的缺点。在小企业发展初期和发展到一定程度后，利用风险投资自身的实力和信用，向银行推荐小企业，引入银行的服务和信贷资金，改善银行信贷结构失衡问题，同时也可以使风险投资得到最大的杠杆效应。当小企业发展后，银行获得了优质客户．而风险投资得到了最大的增值。

At the initial stage of small enterprises, venture capital can mostly solve uncertainty and information asymmetry and make up the disadvantages of hanks unwillingly taking high risks. At the initial stage and some extent of development, venture capital investors recommend small enterprises to hanks by their strength and credit, introduce hanks＇ services and capital to change imhalanced structure of hanks＇ loan. At the same time, it can make venture capital have the biggest leverage effect. After small enterprises＇ development, hanks get good clients, and venture capital has the biggest value added.