Research On Internet Financing Of Start - Up Of Small And Medium - Sized Technological Enterprises

Technology-based SME is the subject of this article, after joining the corporate life cycle theory, the focus of research is in the SME start-up period. Start-up period is defined as the use of enterprises to establish a core technology related product development and time to market, it is an important stage in the development of SME, it has a certain particularity. But the existence of the business of financing large stage and require continuous additional financing needs financial instability and low availability of financing characteristics, which makes difficult the development of enterprises.According to the pecking order theory, enterprises in the choice of financing is a certain order, that is the first to rely on internal financing, then gradually seek support from outside sources of financing. First, as the preferred source of financing the presence of less than the slow aging, so companies need to actively explore foreign sources of financing, but the help of the government, banks and foreign venture capital financing is a big enough single channel, the difficulty exists. So companies need to explore more channels for external financing. Great social idle funds existing in China, but there is a serious information asymmetry between idle funds hold large public groups and SME, with the development of Internet technology, using the Internet start-up SME financing has its unique advantages and feasibility, with the way the Internet can effectively solve the problem of financing between public groups and SME asymmetric information.Whether SME in the start-up period could raise funds for the development of enterprises is very important, but we should also recognize that in the start-up of SME financing through the Internet still have large uncertainties, including not only the development of the enterprise itself uncertainties, but also the risk of financing the new Internet presence. However, businesses can use the Internet in financing risk can be achieved through measures to resolve if the Internet can effectively act on financing in the start-up of high-tech small and medium business, then must be able to improve the efficiency of SME financing, but at a more macro level can promote the optimization of industrial structure.