VentureCapital风险投资lecturenotes.pdf

FIN310 - Venture Capital - Investing in early stage growth companies MacquarieMacquarie CapitalCapital – ElmarElmar BroscheitBroscheit 19 March 2011 ContentsContents 1. Introduction to venture capital — What is venture capital? — How does it operate? — Who are the main players globally and in Australia? — And… the difference between venture capital and Leverage Buy-out (LBO) private equity 2. Investing in early-stage growth companies — What do venture capital look for? — How do they execute on deals? A1A1 . MacquarieMacquarie casecase studiesstudies — Seek, Zhaopin, JobsDB — RP Data — ATM Solutions A2. Venture Capital trends — What are VCs looking into today? A3. Further reading materials STRICTLY CONFIDENTIAL 2 MyMy ExperienceExperience atat MacquarieMacquarie Macquarie’s technology investment team has established a strong track record of investing in growth companies over the past decade “Helping Entrepreneurs Grow —Has achieved outstanding returns with over 20 investments in growth companies (70% IRR) Great Companies…” —Broad geographic focus, with key strengths in Asia, specifically China —Key focus on partnering with entrepreneurs during the growth phase TargetTarget InvestmentsInvestments – GrowthGrowth CompaniesCompanies ApproachApproach