A Study On Project Risk Management Of Venture Capital

With the advent of knowledge economy, venture capital arises at the historic moment and quickly became popular in the world. Venture capital in promoting science and technology innovation progress and raise productivity, adjust the industrial structure, improve the overall national strength and international competitiveness. Venture capital outstanding achievements of project risk practice, analysis and management is the key link of venture capital success.This paper summarizes the risk genetic theory and risk management theory, this paper analyses the venture capital project risk causes, and also from the venture capital project financing stage, investment management phase and exit stage analyzes project risk and management measures. This article through one specific venture capital project in practice case to illustrate how startup investment institutions for the project of managing risk.Based on the study of writing the comprehensive use of qualitative analysis methods, the game theory method, mathematical analysis and case analysis method and the project analysis method to the project risk to identify and manage causes, the theories and cases of analysis.Through this study, risks of venture capital projects are mainly distributed in the three phases of the project's run, namely the financing stage, the project investment management phase of the project and launch phase of the project. With a corresponding, risks of venture capital project management should also proceed from the three stages.This paper emphasizes that in our country present stage venture capital organization form of current project financing, we should strengthen the risk management, project stage investment management phase should pay attention to the refinancing risk. Venture capital agencies and entrepreneurs on the distribution of ownership and control in a puff of a vote under the mechanism design to reach consensus, causing a lot of venture capital project cannot conduct, this paper discussed the introduction of the vote on super mechanism of the way of solving the problem.