Analysis Of The Influence To The Ventural Investment Process With Angel Participated

The development of venture investment in China started from the1980s. TheChinese government has been supporting the venture investment, because the ventureinvestment can develop new technologies and boost the economic development. WithChinese market economic more perfect, the Chinese venture investment gets moredevelopment from investment levels to quantities, which becomes the strong impetusto the development of Chinese economy.It is necessary to research and analysis the entire venture investment to make theventure capital market more perfect and make the venture capital service the economymuch better. The traditional theoretical research of venture investment surrounds therelationship of the investors, venture capitalists and entrepreneurs. We have toresearch the game of venture capitalists and entrepreneurs and research theinformation asymmetry of the venture investment, and the most important that weshould research is the theoretical research of the double agents in venture capital.With the venture investment more perfect, there comes the angel investors to resolvethe problems of information asymmetry and quantity asymmetry in the process ofventure investment. Angel investors narrow the scope of the good targets among thecountless ones for the venture capitalists. Angel investors also provide the function ofinformation transfer, which not only promote the financing efficiency of the capitaldemander but also promote the investment efficiency of the capital provider. It isnecessary to research and analysis the venture investment process with the angelinvestors participated so that we can research the development of the Chinese ventureinvestment much better.The main emphasis of my research is about the influence of the angel investorsdo to the process of the venture investment. Beyond the signal model, my paper dosethe research about the venture investment with angel investors and the ventureinvestment without angel investors. The paper analysis the results of my research tostate the influence of the angel investors do to the process of the venture investment.