【8A文】国外经典工作报告PPT模板.ppt

《【8A文】国外经典工作报告PPT模板.ppt》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、AVentureCapital!Revival!IsUponUsR.I.P.10Yearsago…Thedecadebeganonahighnote…butquicklyevolvedintoextraordinarydifficulttimes."CLEARSTONEUnstableSituation"VentureCapitalEnvironment-Circa2000/2001"2000/2001TrendDirection…ValuationsCapitalavailabilityFund

2、commitments#ofActiveFirmsTrackingindex–NASDAQTechnologyspendingVeryhighSubstantial$83B&BigOverhang13384000HistoricallyHighFallingBeginningtotightenShrinkingAtahighbutgoingdownFallingrapidlyDroppingquickly$B20100504030807060199619971998199920002001200

3、22003$12$17$27$57$83$45$19$9VCFundraisingandPerformance"PlummetAftera7XIncreaseinCapitalinJust4years$90VC Exists:  ‘01 – ‘09Inthe2000s"VentureCapitalExitsShiftedfromIPOstoLessValuableM&AIPO42%VC Exits: ‘91 – ‘00M&AVCExits:‘01–‘09IPO12%10YearsLater….C

4、LEARSTONEbreakoutThemarketisnowpoisedfor"performance.Conditionshaveimprovedconsiderablyhelpedbya"reductionincapitalandfirms.$B$30$20$10$0$70$60$50$40VentureCapitalFundraising"HasBeeninDeclineSince2007$90$8020002001200220032004200520062007200820092010$

5、83$45$19$9$21$28$30$37$27$15$12VenturecapitalfundingcommitmentstoITareevenlessthanmeetstheeye.Because……MuchoftherecentLPfundingtoventurecapitalhasgoneintoCleantechCleantechShare"VentureInvestmentsUp8XCleantechinvestmentshavecrowded-outothersectors,fu

6、rtherdecreasingfundsdirectedtowardsITinvesting.TheUSeconomyhasgrownalmost50%since2000"yet…Thereislessventurecapitalundermanagementtodaythantherewas10yearsago.$B$225$253$253$254$262$270$277$255$204$17930025020015010050020002001200220032004200520062007

7、20082009VenturecapitalinvestmentsarenowoutpacingnewfundingcommitmentsbyLPs,drainingthepoolofinvestablecapital."VentureCapitalAssetsUnderManagementAre"LowerTodayThanTheyWereaDecadeAgo$TVentureCapitalFundraisingAsa%ofGDP"HasRapidlyFallen$10.0$10.3$10.6

8、$11.1$11.9$12.6$13.4$14.1$14.4$14.1$14.70.2%0.0%1.0%0.8%0.6%0.4%$16$14$12$10$8$6$4$2$02000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010VentureCapitalfundraisingasa%ofGDPhasbeendecliningsince2000.Consider…CLEARSTONEAmericanReinvestmentandRecovery