Appliance And Establishment Of "Risk-Benefit" Evaluation Model For HG Co.

As a typical small-medium size venture capital born in the 1990s' venture investment tide of China, HG Venture Capital is two year old with its own characteristics and weaknesses. With its own limits, it has been exploring its decision-making rules, which gradually forms a system. The system seems to be adjusted because of a contradiction between the swelling investment demand and the limited resources gets much more outstanding. Since reforming of this investment decision-making system is badly needed and unavoidable, the core of the system, a project evaluation model asks for a great attention, which is what this paper focuses on.This paper described the macro, micro and interior environments which HG Venture Capital has, briefly introduces several mature project evaluation methods in this field, and compares these methods with the model presently being used by HG Venture Capital. Therefore, from aspects of risks and benefits, this paper probes a new project evaluation model, "Risk-Benefit Model", based on fuzzy evaluation method for HG Venture Capital. Meanwhile, this paper applies the widely used financial method to compare this model and further describes feasibility of a project.This paper chooses a typical project, "Cluster Super Sever ", which HG Venture Capital had invested in to practice this model.In the end, this paper points out this model's flaws and problems which HG Venture Capital need to solve before apply this "Risk-Benefit Model".