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Venture Capital And Its Role In The Growth Of Hi-tech Start-ups

Posted on:2003-04-04Degree:MasterType:Thesis
Country:ChinaCandidate:W XiongFull Text:PDF
GTID:2156360095453484Subject:Business Administration
Abstract/Summary:PDF Full Text Request
A lot of things have to happen to transform a start-up, consisting of a few founders with an idea, into a modern corporation, which is a complex institution. Yet, relatively little is known about this "professionalization" process. In particular, what role, if any, do financiers play as well as how to participate in management deeply and help a start-up grow?In this paper we examine the hypothesis that venture capitalists play roles over and beyond the traditional roles of financial intermediaries through a case study. Venture Capital (VC) firms devote not only the financial resources, but the significant management resources to understand new technologies and markets. Four parts are divided in the article.The first part makes a general exposition on Venture Capital concept, characteristic, nature and its process of development, then theoretically analyzes Venture Capital' s internal mechanism as well as its occurring reason.The second part introduces a successful case in which Kingdee Software Group Co. Ltd has achieved development rapidly by the help of Venture Capital.The third part focuses on analyzing the roles of Venture Capital in the development of hi-tech company, and generally discusses to whatextent and in what way the Venture Capital would take part in themanagement and making-decision of startups.The forth part researches the major problems that restrict developmentof Venture Capital in our country, and put forward the countermeasureson how to develop Venture Capital in China.On the base of consulting the theory researched by the forerunners athome and abroad, the gist of this article is to probe Venture Capitalconsidering the condition of our country. I' ll be deeply grateful ifmy article can do active effect on the development of Venture Capitalin China.
Keywords/Search Tags:Venture Capital, Start-up, Role
PDF Full Text Request
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