Risk Control Of Venture Capital's Project

In the era of knowledge-driven economy, high-tech industry has become the first support and main power to the development of economy. As the propeller to the high-tech enterprises, the Venture Capital (VC) is paid more and more attention by people. With its rise in the late 70s of last century, the VC industry has made dramatic development in the world. In China, the VC industry is faced with both unprecedented opportunities and challenges.Risk is one of the essential factors that determines the success of VC. This paper studies the risk of VC from the perspective of VC company. The theoretical basis of VC is first introduced focusing on VC's concept, development, essential factors, feature, phases and functions.The analysis of the risk of VC begins with the definition of the risk. A detailed analysis of the feature of the risk is conducted with an introduction of several risk principles of VC. The paper carries out further study on the risk factors of VC with some cases and explores into the problems on the phase of risk and the information dissymmetry in VC.In this paper, the project selection and evaluation of VC are also discussed. Combined with the real practice, a VC risk evaluation indicator system is designed out with a practical fuzzy comprehensive evaluation model on the basis of the standards of project selection, the investigation of VC project, the present situation of the research on indicator system of VC project home and abroad and the research and comment on the VC risk evaluation model.At last, the paper puts forward some suggests about how to avoid the risks, how to control the risks in the VC company.