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1、风险投资-方法和流程VentureFunding-OurMethodsandProcessesThroughoutmycareerinInvestmentBankingforthepastfewyears,andlaterinmycareeristPrivateEquity/VentureCapitalconsultingavatar,Ihaveoftencomeacrosspeopleseekingtoexploreourmethodsandprocesses.Hereisaprimer.Our
2、investmentprocessisoptimizedtorealizesubstantialreturnsfromearly-stagefirmsdevelopinghighvalued-addedcoretechnology.Ourprocessphasesare:1.DealFlow2.Evaluation3.Selection4.Decision5.ValueCreation6.LiquidityPlanningThesephasesprovidetimelyresponsestoent
3、repreneurs,ensurequalityportfoliocompanies,andsetthestageforourvalue-addedmodelpost-investment.1.DealFlowcomesfromourentrepreneurnetwork,syndicationpartners,andlaterstageventurecapitalfirms.Thesedealflowsourcesareattractedtousbyourabilitytoperformdued
4、iligenceandassistportfoliofirmsinachievingcriticaltime-to-marketmilestones.Obtainingmostofourdealflowfromsuchqualifiedsourcesfreesupmoreresourcesforbuildingportfoliovalue.2.Evaluationbeginswiththeintroductionofabusinessplanthroughoneofthemembersofourn
5、etworkfollowedbyaface-to-facemeetingandsubsequentinvestigation.Weassessesthestrengthandcompletenessoftheteam,thecompany'stechnology,competitiveadvantage,targetmarket,marketingplan,financialhistoryandprojections,andcapitalneeds.Theduediligencewillinclu
6、dereferencecheckswithcustomers,industryexperts,andmanagementreferences.3.SelectionisbasedoninputfromourAdvisoryCommitteeandanalysisofteamindustryknowledge,technologydevelopmentcapabilitieswitha"deepscience"orientation,portfoliofit,time-to-marketfocus,
7、targetmarketsizinganddynamics,competitivelandscapeandentrypoints,capitalizationtable,revenueprojectionsandsalescycles,andrecruitingcapability.4.Decisionrestsondiscussionsonperceivedvaluation,rolesofbothcurrentandpotentialco-investors,anddealterms.Auna
8、nimousdecisionbythemanagingmembersisrequiredtoproceedwitheachinvestment.5.ValueCreationisachievedbyassistingtheportfoliocompany'smanagementteaminimplementingandutilizingmethodologiesthatmanageandmonitortime-to-marketstrategiesusingprovenproces
