| Summary: | 碩士 === 元智大學 === 國際企業學系 === 93 === The final goal of venture capitalist is to earn profits, so how to choose the optimal exit strategy and make the maximal returns on investment is very important. Reviewing the past related paper, we can find that there are very few studies about exit strategy and no whole research about it. Therefore, this study seeks to probe into the relationship between exit strategies and influencing factors. This study finds out five influencing factors from the past reference, they are the economy, start-up’s technology crisis, start-up’s capital, start-up’s management and operating and venture capitalist’s financial affairs. Then this study brings up the research structure about the relationship between five factors and exit strategies. The results are 1.) The better economy, the less start-up’s technology crisis, the more start-up’s capital and the better start-up’s management and operating will let the venture capitalist can choose the better exit strategy. 2.) The hypothesis about the venture capitalists’ financial affairs and investment duration are not support. 3.) Finally, this study constructs an equation about the choice of exit strategy. Venture capitalists can either know the degree of important factors or make the optimal exit decision quickly by the equation.
|
|---|
