The Integrated Assessment Of The Decision-making Of Venture Capital Projects

With the arrival of the new economy of the 21 century, the carriers of the new economy are those enterprises with the high technology, high-gorwth and high risk. At the same time, the characters of the projects invested by the venture capital organizations are those projects with high technology, high-growth and high risk.But, owing to the characters of the venture capital projects, the vitality appraisal by the venture capital organizations are sharply reduced. Based on these reasons, this paper presented the subject of the Integrated-evaluated decision-making and researched it deeply. By way of the theoretical research , market investigation and practical research, five indexes about the venture capital life cycle were offered(sales income growth rate, market occupation growth rate, science and technology achievement transformation growth rate, rate of cost reduction, rate of scale expansion) ;construed the evaluation decision system based on the venture capital life cycle and the integration evaluation decision model based on the venture capital life cycle. Finally, directed by the thinking and theory, we selected 16 projects with representative, scientificity and validity of this evaluation decision theory was verified through the comparison between the theoretical appraisal and the practical result.