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The 21st century is the century of information engineering and bio-engineering, the rapid development of information technology, especially the Internet, an extension of people's thinking, open up people's vision, Connaught Earth shrunk into a small village, scattered all over the world people, Sitting in front of the computer a few mouse clicks, you can buy the commodities has been far away in a foreign country is not a fantasy. All of these are due to the high-tech, high-speed industrialization process. Risk investment capital operation of high-tech areas as capital markets in the developed Western countries (especially the United States) have a long history, the rapid development of the venture capital in promoting high-tech industrialization process has played a catalyst and boosters role, it is obvious to the role of the high-tech industrialization process. In China venture capital has been a lot of development, we understand it more and more, but it's a relatively short development time, not perfect in all aspects. How to use the venture capital for high-tech SMEs, to accelerate the process of industrialization, rapid technology into productive forces, their concerns. This paper through the analysis of risk investment decision on the venture capital firm, and explore with examples to do in this regard. This paper is divided into four chapters, the first chapter stresses the basic theory of venture capital, to do a more detailed understanding of the basic theory of venture capital through this chapter, it mainly includes the three elements of the concept of venture capital, the characteristics and risks of investment: investment , venture capital firms, venture firms. The second chapter stresses the venture capital firm's investment decision-making analysis, it is to talk about the operational procedures: to raise the risk of venture capital investment, the establishment of a venture capital company, and the evaluation and selection of the project, planning to invest the time to reach an investment agreement, the risk of project management, risk investment such as the withdrawal of an investment cycle process; then made analysis of risk investment strategy; detailed analysis of the evaluation made by the venture capital investment in the project assessment, which includes: the decision-making process of risk investment evaluation, evaluation criteria, different enterprise stage investment evaluation examines factors, risk and project evaluation model. This part of the focus of this article, through this chapter to do a more in-depth discussion, analysis of risk investment decision-making purposes so that readers venture capital project selection, operation, evaluation system understanding. The third chapter is also the focus of this article, introduced by an example of domestic small and medium-sized high-tech venture capital enterprise HB, so that readers have a better understanding of risk investment decision analysis. Chapter analysis to assess the effect of the risk of the introduction of the project investment the SME risk investment decision-making.
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