Dissertation
Dissertation > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Investment

Sources of venture capital funds and investment patterns of

Author JiangHuaLing
Tutor ZhangLuYang
School Fudan University
Course Finance
Keywords Venture Capital Investment Capital Source SBIC Program Investment Model
CLC F832.48
Type Master's thesis
Year 2009
Downloads 631
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Venture Capital Investment has a significantly impact on supporting entrepreneurship, technology innovation and industrialization. From the development of developed countries such as USA, Britain and Japan and the development of developing countries such as India and Israel, venture capital investment is multiple capital sources, including pension funds, banking capital, insurance company, corporations, personal investments, etc. Venture capital investment in China has a history of more than 20 years. However, this industry still lacks multiple capital sources and investment charnels. It hasn’t been developed into a comprehensive venture capital investment system. It is a good topic to research regarding how we could attract multiple capital sources into venture capital investment, how different types of capitals should use different investment models and what the industry structure should be like.Based on the facts, this thesis starts from the characteristics of venture capital investment, the need of venture capital from start-up companies and the sources of venture capital, try to prove in theory that both start-up companies and multiple sources of venture capitals both require venture capital investment to be an investment system including multi-stages and multiple sources. In the mean time, through quantitative analysis of the American Venture Capital market, the thesis analyze the factors impacting the venture capital sources and build up a model. Then, the thesis analyzes how different sources of capital may have impact on the organization and investment model. In addition, the thesis analyzes the SBIC program for how government should support venture capital market and help attracting capital from private sectors. Last but not the least, the thesis analyzes the status quo of China venture capital market, points out the current problems regarding attracting multiple capital sources into venture capital market and provide suggestions to the development of China venture capital market

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