The Venture Capital Process “（一）.pdfVIP

ESA SME Training Course B: Financing Innovative Projects ESTEC, Noordwijk, 17-21 September 2001 „The Venture Capital Process “ JOERG KREISEL International Consultant Partner @ GENES GmbH Venture Services Germany Joerg Kreisel International Consultant 2001J.Kreisel-GENES A Few Points Upfront Venture Capital Has Very Little to Do with Traditional Banking Venture Capital Ideally Meets Modern Socio-Economic Needs. Once in Place, Venture Capital Causes Significant Positive Impacts to the Economy Venture Capital = People Business Pedestrian Business Venture Capital Growth-Oriented Venture Capital Drives Is Risky but Exit-Oriented New Industries Creates Wealth Internationally Oriented First Started in the US, Today the Venture Capital Industry Has Become Mature in Continental Europe. Asia and South America Are Following. Who Comes Next? Joerg Kreisel International Consultant 2001J.Kreisel-GENES What do We Need to Know: „The Big Picture“ • Venture Capital is Not „Cowboy Finance“! It is „Capital Plus!“ • Understanding the Investor´s World • Selection Process (both Company VC) • Due-Diligence • The Deal • Monitoring Value Adding • Divestment • Support Services • The Challenge is: Where How to get it? Do Your Homework! Be Well Prepared! Joerg Kreisel International Consultant