| In the context of "mass entrepreneurship and innovation",entrepreneurship has become an important way for people to develop in addition to working in companies and passing the civil service examination.However,for entrepreneurship,capital has always been the most restrictive bottleneck for the startup and development of entrepreneurial projects.In recent years,the gradual improvement of the venture capital industry and the rapid development of the amount of venture capital funds raised have provided entrepreneurs with financing for start-ups in addition to bank loans,private loans It is necessary to further study the issue of a new path beyond self owned funds.As a form of equity investment,venture capital investment mainly invests in start-ups with high risks and high returns.However,the enterprises in the start-up stage are not mature in technology and face many uncertain risks.In order to weaken the investment risk,it is a very meaningful research topic to select the risk assessment indicators of the enterprises in the start-up stage and establish a risk assessment model for risk assessment,so as to provide a basis for the investment decisions of venture capital institutions.This paper attempts to build a feasibility analysis model of venture capital for start-ups from the perspective of industry scale,business model and industry pattern,and selects two companies,YLJG and YHA,as cases to analyze the application effect of the applicability model of venture capital in specific enterprises.The study found that if a project is to be started by means of venture capital financing,the first thing needed is that the market size of the industry in which the project is located should be at least more than 2 billion yuan.The industry competition pattern tends to be oligopoly in the mature period,and the financial model derived from the project’s business model conforms to the financial model of linear cost growth and income index growth.Otherwise,We suggest that entrepreneurs seek other financing methods to start projects,and investors should also conduct preliminary project screening according to this model,which can greatly reduce the risk of miscalculation. |