摘要
风险投资，近年来，科技界、金融界、产业界讨论得很多。自其诞生以来，由于其在推动科技产业化方面的巨大作用，迅速得到了世界各国的认同。对高技术产业领域的风险投资进行研究，尤其对调整我国产业结构，促进经济增长，壮大综合国力，具有重大意义。中国十多年来在风险投资领域进行了初步尝试，但比照发达国家风险投资现状，在宏观与微观两个层面都还有很多工作要做。为此，本文在对我国风险投资的现状及问题进行分析的基础上，通过阐述有关风险投资管理的基本理论与方法，建立较规范可行的风险投资管理运作程序，针对风险投资中的项目选择、投资策略、组织运作与管理，退出及企业获取风险资金的程序等提出相应的对策。全文主体共分六大部分：
(1)绪论。在这部分主要讨论了风险投资的历史发展，国外风险投资的现状与趋势，阐明了本课题研究的内容与方法。
(2)风险投资管理的基本理论。在这部分里阐述了风险投资的特征；风险投资原理；风险投资的三个阶段。
(3)我国风险投资的现状、问题及原因。在这部分谈到我国今年来风险投资的发展，揭示了其中存在的几大问题，并探讨了存在这些问题的原因。
(4)风险资本投放运作与撤出。这一章从风险投资公司的角度论述了寻找和评估投资项目，投资和项目管理及投资资金的几种回收方式。
(5)企业获取风险投资的对策。本章站在风险企业的角度说明了企业获取风险投资的基本步骤及对策。
(6)风险投资案例分析。从风险企业与风险投资公司两方面分析创业风险投资是高科技产业发展的一个有效融资保证。
Venture capital (VC) has been discussed much more in the fields of technology,financing and factoring in recent years. From its beginning,VC has been recognized rapidly by many countries of the world because of its promoting the development of technology industrialization. Research on VC in the high-tech field can adjust the industrial structure,improve the growth of economy,and enforce the total national strength,which have been very important to our national economy. In spite China has done some initial try about VC in the past over ten years,there's still much more left to be done both in the macro level and in the micro level according to the VC's development of foreign countries. Therefore this paper,by analyzing the VC's situation & problems in our country and discussing the basic theory & approaches of VC management,builds the operating process of VC management,which is formal and useful in some degree,and develops some tactics including project selecting,financing strategy,operating of organization,w
ithdrawing and acquiring VC etc. The framework of the paper is as follows:
1st,introduction. It contains the development of VC,status and trend of VC overseas.
2nd,the basic theory of VC management. It analyzes the characteristics of VC,principle of VC and the three stages of VC.
3rd,status,problems and causes of VC in our country. It discusses the recent development of VC in China and several problems existed,finds some causes for the problems.
4th,operation and withdrawing of VC. From the points of investor,it expounds some viewpoints of seeking project & evaluating,financing & project management,and means of withdrawing.
5th,strategy of acquiring VC. From the points of venture company,it focuses on the basic process of financing,and brings up some tactics.
6th,case study of VC. From the two sides which are investor and venture company to discuss it is essential for VC to develop high-tech industry.
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