什么是风险投资公司（What is Vc firm）.docVIP

什么是风险投资公司（What is Vc firm） Venture capital refers to equity investment in private enterprises. The narrow sense (the definition of the United States, Guangzhou) venture capital is provided by investors to young entrepreneurs or enterprises in seed period, early development period and the funds needed to obtain the goal of enterprise ownership, and finally obtain high returns. Broadly speaking (European definition), venture capital funds are all equity funds provided by investors to private enterprises (non listed companies) to acquire the shares of the target enterprises, and maximize the value of the capital. Because of the risk of capital investment in emerging industries are mostly young enterprises, enterprises in the start-up or early development period, even the seed period (or concept), these enterprises from the early to the need to go through a long-term business development process maturity (usually this process takes 3 years or 5 years -10 years -5), so the risk of long-term investment. At the same time because of the investment of enterprise is a private enterprise, in the enterprise market before the risk investment from these enterprises receive shares almost no circulation market, can not reflect the value of these shares, these shares are so difficult to transfer or sale, poor liquidity. At the same time, the transfer of these shares is subject to many non market constraints. Therefore, the main characteristics of venture capital are long investment cycle and poor liquidity. But a few years later, once these companies are successfully listed or acquired, venture capital will achieve amazing returns (usually 5 - 10 times, or even tens of times). Thus, venture capital is a high-risk, high return investment, the purpose is to maximize the value of capital. Venture capital began in the United States, and its history dates back to the 20 - twentieth Century 30s, when a small number of wealthy families in the United States have considerable capital, and th