The Structure of Business Planning For Venture Capitals

• Main Author: 陳明揚
• Other Authors: 潘振雄
• Format: Others
• Language: zh-TW
• Published: 2002
• Online Access: http://ndltd.ncl.edu.tw/handle/91405696241622568497

碩士 === 大葉大學 === 事業經營研究所 === 90 === Venture capitals were originated from United States and makes great economic success there and Taiwan. Since the special business category in Taiwan is compose of medium and small enterprises, without monopolization of large enterprise and inefficiency, excessive vertical combination, they open an excellent business develop space by competitively vertical labor division and rank just behind the United States in the world. First step of starting is a business of fund raising. According to the statistic outcome of famous American business investment magazine “Venture Economics (1998)” , only 5% of business founder can collect enough capital from their investor. What kind of ability should those successful capital collectors have? The value of venture capitals brings from the problem of asymmetric information existing in the capital market. People are afraid of investment because the investment needs large number of capitals and they usually couldn’t thoroughly understand the investment case. The venture capitals company plays the medium role between investor and business founder and moderates the market failure result from asymmetric information. But, how to the investment companies and investors select the most valuable investment case? Base on the above-mentioned two reasons, this research will discuss four new products development and investment plan of high-tech start-ups. It concludes nineteen key success factors for high-tech start- ups to collect capitals and provides them the key points of management and investment plan.