Research On Methods For New Venture Value And Investment Risk Assessment

Entrepreneurial companies, especially technology start-ups on the economy, playing an irreplaceable role, But the reality is, including venture enterprises, SMEs always confronted with various constraints bottleneck, in particular funds. Venture not through the traditional channels of financing, such as bank loans or publicly issued bonds and stocks to meet financing needs, its dominant factors can be summarized into four key factors: uncertainty, information asymmetries, and enterprises of the nature of the assets and related financial products and market conditions. Risk investment is a positive, participatory strong, the rights can be flexibly split responsibility for the special combination of investment patterns. It also stressed that flexibility and adaptability, but also pay attention to market needs decisive, reflects better entrepreneurs and investors to the initiative, these risks are reflected in the investment system design. Risk (venture) investment throughout the entire process of entrepreneurial enterprises at all stages of development, its ultimate success is to start businesses and the economic value of the financial value of venture capital investments to achieve the double. In practice, risk (Venture) Investments usually take the form of investment portfolio, the largest of its role is to : part of a number of combinations can lead to different paths and commercialization of business model, This can create value from technology is a method of diversity, As a result, the new business model of a greater choice. Risk investment in the process, right entrepreneurial venture projects or enterprises to assess the value of the investment and financing are both necessary and important part. For investors, the value of the assessment process through in-depth understanding of the investment risks include, investment value and the source of investment should be an important concern; for entrepreneurs, can better understand the entrepreneurial process of the potential risks and benefits, but also contribute to a reasonable price to raise capital. Discounted cash flow method, in a relatively mature enterprises of the valuation analysis has been widely used, the same. Venture Investment in the industry is two popular method of valuation, however, in view of science and technology enterprises to their own unique risk return characteristics of the application of this method of pricing the two inevitable limitations. Based on the science - and technology-based entrepreneurial enterprises in the life cycle risks and benefits of the investment risk connotation and practice characteristics, in the traditional pricing method and the application of limitations on the basis of the study, in the pricing process needs to consider the two factors - the growth and real options.