Study On Construct And Evolutionary Mechanism Of Venture Capital Ecosystem In China

The history and the experience of the venture capital industrial development in our country, is not more than 20 years. And neither the quantity nor the quality of the present venture capital industry in our country is satisfied. In the theory research of the venture capital industry, people always stress to the venture capital movement mechanism, or the single environmental factor that influence the function of the venture capital. On the other hand, the theory or practice that introduced the ecosystem idea to the economical management aspect is more and more mature. So introducing the ecosystem idea to the venture capital industry, is not merely a kind of theory ideas, is much more than a necessity.Firstly, basing on the theory origin foundation of the systematic and ecology, this article embarks from the characteristic of the natural ecosystem, and proposes a concept of the venture capital ecosystem. And further more, it has an introduction to it by using a venture capital ecosystem frame. To express it more clearly, the article has carried on the concrete elaboration to the characteristic and structure of venture capital ecology from two aspects of the venture capital compound tissue and the venture capital compound environment.The conclusion of this article is that, there is a similarity on the essential elements between the natural ecosystem and the venture capital industry, which about the essential factor and the behavior in the component system. Therefore we could profit from the natural ecosystem to take an analysis of the "the ecosystem" about our country venture capital industry, and study the special ecology characteristic and structure of the venture capital ecosystem itself. And because of the ecosystem dynamic and the stable evolved characteristic of the venture capital ecosystem similarly, and the general system evolution the characteristic, we could thoroughly study the sustainable evolution goal, the power and each condition of the venture capital ecosystem theoretically. Being similar with the natural ecosystem, the venture capital ecosystem has a process with occur, form, process. And the venture capital ecosystem takes a dynamic circulation through material, the fund, the information absorption and the transformation. And then, the unceasing progress will constitute the goal which the venture capital ecosystem evolved. At the same time, the interior individual enterprise and the industrial itself development of the venture capital ecosystem, will be the evolution power. The catalysts which stimulate the system interior creating and fresh, the characteristic of the system interior which opened far away of the balance to safeguard nutrition supply, forming a suitable environment, all of them will be the conditions of the venture capital ecosystem.Finally, through the analysis of the present about our country venture capital industry using the SCP model real diagnosis, the article has studied the market mechanism, the market behavior, as well as the influence which the two to the market achievements of our country venture capital industry, points that it is a low level ecosystem of our country venture capital industry at present. Further more, this article unifies the venture capital ecosystem theory which stated, take a thorough and positive research to each evolution condition that our country venture capital ecosystem needs.