初创期高科技企业股权融资策略研究

Study on the equity financing strategy of high-tech enterprises in early-stage

资金供给是高科技企业发展的先决条件,股权融资是高科技企业在初创期的主要融资途径。基于初创期高科技企业发展的特征和资金需求,分析企业融资对象、融资规模、融资时机、保持企业控制权以及融资风险控制等策略。基于融资价值最大化与融资风险的权衡,提出我国高科技企业初创期股权融资建议。

Capital supply is a prerequisite for development of high-tech enterprises.Equity financing is the main financing way of high-tech enterprises in early-stage.Based on the characteristics and financial needs of high-tech enterprises in early-stage,we analyze enterprises financing object,financing size,financing opportunities,financing,maintaining enterprise control power and finance risk control strategies are analyzed.Trade-off based on the maximum value of financing and financial risk,some recommendations for equity financing of Chinese high-tech enterprises in early-stage are proposed.