| The cuntry where the venture investment develops at the fastest speed is the USA; what's more, its achievement is the best. Venture investment not only promotes the technique transform but also bring economy effectiveness and society effectiveness to the USA, so it is called the drivers of the economy development. Since 1991, the USA's economy has gone into a lasting development stage, in which its economy appears such trend: high-speeding ,low inflation and low unemployment. This trend attributes a lot to tventure investment. Although it takes on a drasticly decreasing trend in the sums of ventrue investment and companies that have ventrue investment, the study of the USA's venture investment is sure to promote the developoment of Chnia's venture investment. The article is composed of five parts as follows:Part 1: this part mainly says the fundamental theories of venture investment of the USA. Firstly it points out that the aim of venture investment is to invest the newly founded or the underestimated corporations. With money,knowledge and information nets, investors help managers in order that they can manage their corporations better. Secondly it introduces the types of venture corporations. They have many types classed by different causes. Finally it discusses the peculiarities of Venture investment and its functions in the economic development of the USA. Venture investment in the USA clearly has some characters. These characters can be discussed from the source,the ways of exit,the scope and so on. Venture investment of the USA creates a lot of jobs, strengthens ability to competition in the world, promotes the increase of the GDP.Part 2: this part mainly discusses the different patterns of venture investment corporations. There are five types, as follows:limited partnershipindividual investmentopenly listed venture investment corporations venture investment organizations of big companies.Apart from the five types, the governmental invest organization is another type, including small companiInvestment banks and other financial organizations.es and developmental companies and so on. Venture investment derives other forms, mainly including Industrial Strategy Fund and Public Venture Fund. This part also discusses the cooperative form of the international venture investment. Finally, this part introduces the service organizations of venture investment, which is the essential part of the venture investment economy of the USA.Part 3: this part is about the different phases during the development of the venture corporations of the USA. This part separately discusses the venture investment about the newly founded and the old corporations. The development of the newly founded corporations has four stages, which discuss how venture capitalists invest and operate capital, how venture capital exits. At last, this part defines the fundamental stages of venture investment.Part 4: this part is the main trend of venture investment of the USA. Experienced high speeding growth in the last five years in the USA, venture investment is in the face of adjusting. The decrease of the sum of venture investment and yield rate reflect the affection of the depressed macroeconomics,the unstable capital market and the limited ways to exit. During the period of adjusting, the strategy of venture investment has appears some variations. These variations are as follows: Venture capitalists place more importance on cultivating the newly founded corporationsIndividual Venture Investment Fund is on a smaller scale.The phased-distributing of the venture investment is changing.The ways of venture investment to exit take on diversification.In a word, from the 1980s to 1990s, the USA is not only the biggest market about venture investment but also the biggest beneficiary. Part 5: this part defines the relationship between the USA and China in venture investment. The venture investment in China appeared in 1985.However, as a profession, venture investment was not noticed until the last seve... |
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