The Impact of Venture Investment of E-Commerce on Enterprises
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Abstract:
E-commerce not only provides development opportunities for enterprises, but also brings certain challenges to enterprises. In the context of the continuous improvement of the market economic system, venture investment is increasingly favored by small and medium enterprises. Although venture investment has promoted the development of enterprises to a certain extent, there are many problems in the process of introducing investment. Based on this, this paper briefly introduces the relationship between e-commerce and venture investment, and its impact on enterprises.Keywords:
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Social venture capital
Explores when and if venture capitalists add value to the firms that they back. Focus in this analysis is on context and the venture capitalist-CEO relationship. Value is considered from the viewpoint of the venture's CEO and the lead venture capital investor. Data used were collected through survey and interviews with 51 venture capital-backed ventures in the United States. These ventures included service and low-tech firms but were primarily high-tech firms. The results did not support the proposition that venture capital is more valuable in earlier stages of the venture or when environmental uncertainty is high. Some support was shown for the hypothesis that high-tech ventures benefit more from venture capital. Frequent interaction between the venture capitalist and the CEO was shown to provide greater value, as was more open interaction between these parties. Finally, venture capitalist involvement is positively associated with venture performance. Given these findings, it is concluded that although money is important to the success of the venture, the venture capitalists themselves add value. The assistance of venture capitalists is especially useful to high innovation ventures. (SRD)
Social venture capital
Value (mathematics)
New Ventures
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Social venture capital
Investment
Capital (architecture)
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Examining an increasingly prevalent but under-researched phenomenon, cross-border venture capital investments, it is observed that local venture capitalists typically invest first, followed by foreign venture capitalists in later rounds. A model is developed that explains the role of a domestic venture capital investor in attracting foreign investors and which also accounts for the impact of various circumstances on the importance of this role. In our model based on analysis of nine cross-border venture capital-backed companies, local venture capitalists have several important roles in increasing the venture's cross-border investment readiness including advice to operational management and contributing contacts and local market knowledge. The importance of these roles is mitigated if the entrepreneurial team is highly experienced or if the home market is not important for the venture. The prominence of the local investor has signalling value. Finally, the local investor's international social capital facilitates the formation of cross-border syndicates. Overall, the model developed in the paper contributes to a better understanding of cross-border venture capital and in particular to the division of labour between domestic and foreign venture capitalists in international venture capital syndicates. The paper also contributes to the emerging literature on international social capital.
Social venture capital
Value (mathematics)
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In new economy,technology innovation and knowledge innovation are getting more interrelating,with the meeting area of technological incubators where venture capital enters.With the characteristics of hitech industrialization,venture capital,as start capital,should enter at the start.The sources of venture capital include government and firms,as well as venture capital fund corporations.
Social venture capital
Industrialisation
Capital (architecture)
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유망한 벤처기업이 경제혁신에 주요 역할을 담당한다는 것은 잘 알려져 있다. 그러므로 창업기업의 성장에 있어 벤처기업은 필수적인 역할을 담당하고 있다. 벤처캐피탈의 투자성과에 관한 문헌들은 벤처 캐피탈 투자전략이 벤처캐피탈의 특성과 역량에 크게 의존하는 것으로 나타났다. 따라서 벤처캐피탈의 투자역량은 중요하다. 즉, 벤처기업은 투자대상의 결정, 투자방법, 투자 후 사후관리 방법 등 벤처캐피탈은 다양한 투자역할을 담당하고 있다. 본 연구는 벤처캐피털의 투자역량이 투자성과에 미치는 영향을 이해하기 위해 수행되었다. 이를 위해 서울과 경기도 지역의 70개 벤처기업을 대상으로 실증분석을 실시하였다. 본 논문의 경험적 증거는 다음과 같이 요약된다. 첫째, 벤처 기업의 재무성과는 벤처캐피탈의 재무역량과 벤처캐피탈의 투자평가에 영향을 받는 것으로 나타났다. 둘째, 벤처기업의 경영성과는 벤처캐피탈의 마케팅지원 컨설팅과 벤처캐피탈의 투자평가에 영향을 받는 것으로 나타났다. It is well known that the encouraging startups play a major role for innovation in an economy. Thus, venture capital are indispensable for the growth of startups. The literature on investment performance of venture capital reveals that the investment strategies depend largely on the characteristics and capabilities of venture capital. Therefore, investment capability of venture capital is important. There are various investing roles that can be identified by venture capital when determining what kind of startup to invest in, whom to invest with, how to invest, how to post-investment management after investment, and so on. This research was conducted to understand the effect of investment capabilities of venture capital on investment performance. To do so, we surveyed 70 venture businesses in the Seoul and Gyeonggido region for an empirical analysis. The empirical results of this paper are summarized as follows. First, the financial performance of venture firms is influenced by the financial capacity of venture capitalists, and investment evaluation of venture capital. Second, the business performance of venture firms is influenced by the marketing support consulting of venture capital, and investment evaluation of venture capital.
Social venture capital
Investment
Pre-money valuation
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Examining an increasingly prevalent but under-researched phenomenon, cross-border venture capital investments, it is observed that local venture capitalists typically invest first, followed by foreign venture capitalists in later rounds. A model is developed that explains the role of a domestic venture capital investor in attracting foreign investors and which also accounts for the impact of various circumstances on the importance of this role. In our model based on analysis of nine cross-border venture capital-backed companies, local venture capitalists have several important roles in increasing the venture's cross-border investment readiness including advice to operational management and contributing contacts and local market knowledge. The importance of these roles is mitigated if the entrepreneurial team is highly experienced or if the home market is not important for the venture. The prominence of the local investor has signalling value. Finally, the local investor's international social capital facilitates the formation of cross-border syndicates. Overall, the model developed in the paper contributes to a better understanding of cross-border venture capital and in particular to the division of labour between domestic and foreign venture capitalists in international venture capital syndicates. The paper also contributes to the emerging literature on international social capital.
Social venture capital
Value (mathematics)
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The exit of venture capital is the last stage of the operation of venture capital investment and the failure or success of venture capital investment depends largely on whether the venture capitalists can exit their investment successfully.At present time,the studies on the exit of venture capital of our academy are mainly concentrated on the establishment of the second board market.Based on foreign references,this paper tries to make a systimatic comment on the exit of venture capital, including five aspects such as the role of venture capitalists in IPO.
Social venture capital
Investment
Capital (architecture)
Pre-money valuation
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Venture capital is a major source of financing for entrepreneurial businesses. Given the importance of venture capital financing to venture creation and regional economic development, it is not surprising that venture capital has emerged as a topic of interest to entrepreneurs and public policy makers, as well as a subject of some academic research. This research has mainly focused on the composition of venture capital fund portfolios, decision‐making criteria used by venture capitalists, and the post‐investment role of the venture capitalists. The role of the investor in the venture capital fund — the people whose money fuels the entire process — has been largely ignored (Fried & Hisrich, 1988).
Social venture capital
Investment
Capital (architecture)
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Social venture capital
Capital (architecture)
Corporate venture capital
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Social venture capital
Corporate venture capital
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