- 1、本文档共19页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
How Venture Capital Works
ACCOUNTING
How?Venture?Capital?Works
by?Bob?Zider
FROM?THE?NOVEMBER-DECEMBER?1998?ISSUE
Invention and innovation drive the U.S. economy. What’s more, they have a powerfulgrip on the nation’s collective imagination. The popular press is filled with against-all-odds success stories of Silicon Valley entrepreneurs. In these sagas, the entrepreneur is
the modern-day cowboy, roaming new industrial frontiers much the same way that earlier
Americans explored the West. At his side stands the venture capitalist, a trail-wise sidekick
ready to help the hero through all the tight spots—in exchange, of course, for a piece of the
action.
As with most myths, there’s some truth to this story. Arthur Rock, Tommy Davis, Tom
Perkins, Eugene Kleiner, and other early venture capitalists are legendary for the parts they
played in creating the modern computer industry. Their investing knowledge and operating
experience were as valuable as their capital. But as the venture capital business has evolved
over the past 30 years, the image of a cowboy with his sidekick has become increasingly
outdated. Today’s venture capitalists look more like bankers, and the entrepreneurs they
fund look more like M.B.A.’s.
The U.S. venture-capital industry is envied throughout the world as an engine of economic
growth. Although the collective imagination romanticizes the industry, separating the
popular myths from the current realities is crucial to understanding how this important piece
of the U.S. economy operates. For entrepreneurs (and would-be entrepreneurs), such an
analysis may prove especially beneficial.
Venture?Capital?Fills?a?Void
Profile?of?the?Ideal?Entrepreneur
From?a?venture?capitalist’s?perspective,?the
ideal?entrepreneur:
is qualified in a “hot” area of interest,
delivers sales or technical advances
such as FDA approval with
reasonable probability,
tells a compelling story and is
presentable to outside investors,
recognizes the need for speed to an
IPO for liquidity,
has a good reputation a
您可能关注的文档
- GRE范文及赏析-Argument39-智课网.pdf
- GRE词汇(要你命3000).pdf
- GRE阅读经典试题汇总资料(五)-智课教育旗下智课教育.pdf
- GRE阅读经典题库(三)-智课教育旗下智课教育.pdf
- GRE阅读经典题库(四)-智课教育旗下智课教育.pdf
- GRE陈虎平阅读36套-18-智课网.pdf
- GridView无代码分页排序.doc
- GROWTH AND YIELD OF A TROPICAL RAIN FOREST IN THE BRAZILIAN AMAZON 13 YEARS AFTER LOGGING.pdf
- GRE词汇红宝书多种记忆法-智课教育旗下智课教育.pdf
- GRE阅读高频题目:Supernova-智课教育旗下智课教育.pdf
文档评论(0)