風(fēng)險(xiǎn)投資概念（中英）

來源: 編輯： 2009/05/21 10:21:33　　字體：大小

　　風(fēng)險(xiǎn)投資是指投資者以風(fēng)險(xiǎn)資本的形式對尚在發(fā)展初期，具有潛在風(fēng)險(xiǎn)的企業(yè)進(jìn)行投資的過程。典型的風(fēng)險(xiǎn)投資要承擔(dān)放棄一定的公司所有權(quán)及管理控制權(quán)。投資者因承擔(dān)了高風(fēng)險(xiǎn)因而可以獲得高額的回報(bào)。投資形式一般是股票或可以在未來轉(zhuǎn)換成股票形式的工具。隨著公司經(jīng)營的成熟，可以通過公開發(fā)行股票，公司合并或者出售，或用其他方式的獲得資本。只要風(fēng)險(xiǎn)資本投資者有要退出的意愿，上述任何一種形式都有可能采用。風(fēng)險(xiǎn)投資者通常希望在退出時(shí)獲得每年20%～50％的投資回報(bào)。風(fēng)險(xiǎn)投資者一般會投資在那些有可能快速發(fā)展的公司上，這些公司中任何一家都有潛力產(chǎn)生極高的年收入，如在美國典型的投資額一般在50萬至500萬美元之間。管理經(jīng)驗(yàn)是評估投資前景的主要考慮因素。

　　Venture Capital is the process by which investors fund early stage, more risk oriented business endeavors. A venture capital funding arrangement will typically entail relinquishing some level of ownership and control of the business. Offsetting the high risk the investor takes is the promise of high return on the investment. The investment is usually in the form of stock or an instrument which can be converted into stock at some future date. As the business matures, an initial public offering may take place, or the business merged or sold, or other sources of capital found. Any of these would occur with the intention of buying out the venture capitalists. Venture capitalists typically expect a 20%～50% annual return on their investment at the time they are brought out. Venture capitalists typically invest in high growth companies with the potential to generate revenues of $20MM in any one company, but typical investments range from between $500,000 and $5MM. Management experience is a major consideration in evaluating financing prospects.

責(zé)任編輯：zoe

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