Study On The Assessment Of Project Value For Venture Capital

Venture capital is the most important capital source of high-tech industry, and be considered as the"booster"for developing high-tech industry. The assessment of the value of investment project is a key link in the process of venture capital operation. It is also the essential prerequisite for the success of venture capital operation. The backwardness of the assessment of value means on project blocks the development of the investment industry in our country. This essay uses the advanced experience of western countries for reference, analyzed the characteristics of the venture capital as well as the inner particularity of the venture capital development in China. Keep to the stand of the venture capital organ, by comparing the traditional assessment of the value, this essay expounds the merits of Real Option approach in the venture capital assessment and combines the particularity of real option in the venture capital project to establish the compound real options which adapts to the assessment of value of the venture capital project. If verifies the application of the theory by the mock of compound options in the assessment of value and does research work on the applied logic and applied process in order to make the theory practical. Finally, based on the present situation of our country, the essay raises the applied conditions and applied strategies of real option approach in our country and it has yielded better results.