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Seven Venture Capital Process
Time：2011-4-14 Hit：3239
Time：2011-4-14 Hit：3239
1, generating business ideas
The birth of a new business is often accompanied by a kind of inspiration or creativity began. Nolan. Bushnell Island amusement park in the rabbit worked, played video games at the University of Utah, which makes video games the future he foresees a huge market potential, so he opened the Atari Corporation. American Federal Express (Federal ExPress) promoter was only one idea in mind, this is a risky idea is pregnant with hope. Venture capitalists very much appreciate the idea of overnight delivery, so a lot of money, after 29 months continuous loss of 1 million dollars per month and painful process, the Federal Express finally proclaimed.
2, the establishment of cooperative groups
Founder of the enterprise can not all trades and master, he may be the technical genius, but on the management, financial and marketing may be the layman; he may be management experts, but they know nothing about technology. Thus, by the terms of a cooperative team of experts, the founder of the venture is very necessary. A balanced and capable team should include management and technical experience of managers and finance, sales, engineering and software development, product design and other experts in the field. To establish a sincere cooperation, with a dedicated team, the entrepreneur must make others believe that with him is the sweetness of dried. When the video game company "live video" opened in 1979, his major from music industry entrepreneur Jim. Levy. He soon attracted the founder partner of the other four do, they are the Atari video game designer fired from a company. Live video company has been 70 million in venture capital, and produced a video game machines, all the rage, in 1981, its sales quickly reached 6,000 million U.S. dollars. Levy said that if his team in the four co-founder is not difficult for him to be the opening film company to ensure that the risk of living capital.
3, the initial shape business
Through access to existing and potential customer needs on market information, group of people set out to develop a new product Ma. In Silicon Valley, this stage is usually a person's home or car room completed. Such as Pu Kate and Hewlett develop audio oscillator is in the garage behind their apartment began his entrepreneurial career, and Apple's Steve Jobs and Wozniak is also a library in their cars started his business career. When the Sequoia partner Mike. Moli Ci Yahoo workplace first visit when I saw "Jerry Yang and his companions sat in small rooms, servers stop distributing heat, telephone answering machine sound about every minute, pizza boxes lay scattered on the floor, littered with dirty clothes everywhere. "At this stage, entrepreneurs generally work 10-14 hours a day, 6-7 days a week. During this period, entrepreneurs often do not have any reward, mainly on their own savings. Venture capital firms rarely at this stage to the business investment (which the original venture capital is called "seed" money), at this stage, support entrepreneurs struggle is the main driving force of entrepreneurial impulses and entrepreneurs a better future longing.
4, the development of business plans
A business plan, start a new company as development plans, venture capitalists also evaluate the main basis of a new company. An attractive business plan that will enable an entrepreneur recognize potential obstacles, and develop strategic responses to overcome these obstacles. In Silicon Valley, some of the company's plan legendary. For example, the Tandem established in 1974, made the book sales business plan forecast, the company achieved sales in 1982 (over 200 million U.S. dollars) amazing close. And Robert. Noyce plan drafted by INTEL Corporation, only one page.
5, looking for capital support
Most business groups do not have enough capital set up a new business, they must seek venture capital from external support. Entrepreneurs often through friends or business partners to make the business plan to give one or more venture capital firms. If the house that the risk of promising business plans to hold talks with the enterprise team. Meanwhile, venture capitalists through a variety of formal or informal channels, about these entrepreneurs and their inventions situation. Venture capital firms are often 2 to 5 joint investment in Silicon Valley, venture capital community as a country club, if a particularly attractive investment venture capitalists alone by only one, that would be considered greedy and selfish behavior.
6, the company opened
If the entrepreneur's business plan (usually after the amendment is the result of some kind) was approved by venture capitalists, venture capitalists to the entrepreneurs will invest, then, entrepreneurs and venture investors, the "real" joint begins , a new company also born. The reason why entrepreneurs and venture capitalists in the alliance is "real" joint, because venture capitalists are not only the new board members, but also to participate in the new business management. Palo Alto, business manager of the company Pitcher of the property. Johnson said: "The role of venture capitalists as pastor of entrepreneurs from the role of a mental massage." San Francisco venture capitalist Bill. 汉布雷克特 is 37 members of the board of directors venture, he said: "We not only cast out the dice, we blow them hard blows." When the new expansion of the company's size and sales, the venture capitalists, entrepreneurs are often asked to provide further funding, in order to strengthen itself, to prevail in the competition. Over time, risk reduction, the conventional sources of funding (such as banks) will make significant inroads into high-tech companies. At this time, venture capitalists began to consider retreat.
7 listed
Offered in the company five or six years, if successful, venture capitalists will help it "to society", would be to sell its shares widely. At this time, venture capitalists tend to put away the bags full of home, to another risky to invest in new ventures. Most venture capitalists will want to get the equivalent of five years, the initial investment of 10 times earnings. Of course, this hope is not always achieved. In the newly-established businesses, about 20-30% of mortality ,60-70% will achieve some degree of success, only 5% of new businesses large fortunes.
The birth of a new business is often accompanied by a kind of inspiration or creativity began. Nolan. Bushnell Island amusement park in the rabbit worked, played video games at the University of Utah, which makes video games the future he foresees a huge market potential, so he opened the Atari Corporation. American Federal Express (Federal ExPress) promoter was only one idea in mind, this is a risky idea is pregnant with hope. Venture capitalists very much appreciate the idea of overnight delivery, so a lot of money, after 29 months continuous loss of 1 million dollars per month and painful process, the Federal Express finally proclaimed.
2, the establishment of cooperative groups
Founder of the enterprise can not all trades and master, he may be the technical genius, but on the management, financial and marketing may be the layman; he may be management experts, but they know nothing about technology. Thus, by the terms of a cooperative team of experts, the founder of the venture is very necessary. A balanced and capable team should include management and technical experience of managers and finance, sales, engineering and software development, product design and other experts in the field. To establish a sincere cooperation, with a dedicated team, the entrepreneur must make others believe that with him is the sweetness of dried. When the video game company "live video" opened in 1979, his major from music industry entrepreneur Jim. Levy. He soon attracted the founder partner of the other four do, they are the Atari video game designer fired from a company. Live video company has been 70 million in venture capital, and produced a video game machines, all the rage, in 1981, its sales quickly reached 6,000 million U.S. dollars. Levy said that if his team in the four co-founder is not difficult for him to be the opening film company to ensure that the risk of living capital.
3, the initial shape business
Through access to existing and potential customer needs on market information, group of people set out to develop a new product Ma. In Silicon Valley, this stage is usually a person's home or car room completed. Such as Pu Kate and Hewlett develop audio oscillator is in the garage behind their apartment began his entrepreneurial career, and Apple's Steve Jobs and Wozniak is also a library in their cars started his business career. When the Sequoia partner Mike. Moli Ci Yahoo workplace first visit when I saw "Jerry Yang and his companions sat in small rooms, servers stop distributing heat, telephone answering machine sound about every minute, pizza boxes lay scattered on the floor, littered with dirty clothes everywhere. "At this stage, entrepreneurs generally work 10-14 hours a day, 6-7 days a week. During this period, entrepreneurs often do not have any reward, mainly on their own savings. Venture capital firms rarely at this stage to the business investment (which the original venture capital is called "seed" money), at this stage, support entrepreneurs struggle is the main driving force of entrepreneurial impulses and entrepreneurs a better future longing.
4, the development of business plans
A business plan, start a new company as development plans, venture capitalists also evaluate the main basis of a new company. An attractive business plan that will enable an entrepreneur recognize potential obstacles, and develop strategic responses to overcome these obstacles. In Silicon Valley, some of the company's plan legendary. For example, the Tandem established in 1974, made the book sales business plan forecast, the company achieved sales in 1982 (over 200 million U.S. dollars) amazing close. And Robert. Noyce plan drafted by INTEL Corporation, only one page.
5, looking for capital support
Most business groups do not have enough capital set up a new business, they must seek venture capital from external support. Entrepreneurs often through friends or business partners to make the business plan to give one or more venture capital firms. If the house that the risk of promising business plans to hold talks with the enterprise team. Meanwhile, venture capitalists through a variety of formal or informal channels, about these entrepreneurs and their inventions situation. Venture capital firms are often 2 to 5 joint investment in Silicon Valley, venture capital community as a country club, if a particularly attractive investment venture capitalists alone by only one, that would be considered greedy and selfish behavior.
6, the company opened
If the entrepreneur's business plan (usually after the amendment is the result of some kind) was approved by venture capitalists, venture capitalists to the entrepreneurs will invest, then, entrepreneurs and venture investors, the "real" joint begins , a new company also born. The reason why entrepreneurs and venture capitalists in the alliance is "real" joint, because venture capitalists are not only the new board members, but also to participate in the new business management. Palo Alto, business manager of the company Pitcher of the property. Johnson said: "The role of venture capitalists as pastor of entrepreneurs from the role of a mental massage." San Francisco venture capitalist Bill. 汉布雷克特 is 37 members of the board of directors venture, he said: "We not only cast out the dice, we blow them hard blows." When the new expansion of the company's size and sales, the venture capitalists, entrepreneurs are often asked to provide further funding, in order to strengthen itself, to prevail in the competition. Over time, risk reduction, the conventional sources of funding (such as banks) will make significant inroads into high-tech companies. At this time, venture capitalists began to consider retreat.
7 listed
Offered in the company five or six years, if successful, venture capitalists will help it "to society", would be to sell its shares widely. At this time, venture capitalists tend to put away the bags full of home, to another risky to invest in new ventures. Most venture capitalists will want to get the equivalent of five years, the initial investment of 10 times earnings. Of course, this hope is not always achieved. In the newly-established businesses, about 20-30% of mortality ,60-70% will achieve some degree of success, only 5% of new businesses large fortunes.
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