风险投资及其运作机制

Brief introduction of venture captital operation

风险投资是近年来在西方国家发展成熟的以中小科技企业为支持对象的全新的投融资体系。风险投资过程包括风险投资的筹集,风险投资公司的组织,项目的筛选、投入和管理,风险投资的退出。

Venture capital consists of changing factors in a changing world.This paper will answer what is venture capital industry,why,and how the venture capital operation develops,and who initiates and manages it.Venture capital operation can be viewed as a financial cycle:starts with the raising of a venture capital fund;proceeds through the investment in,monitoring of,and adding value to firms;finishes as the venture capital firms exits.