IT financing: find fairy
Financing three axes
IT business financing, in terms of traditional ways, there are about three types:
First, enterprises have obtained a certain profit throughout the industry, and transform profits into traditional assets, such as real estate or other mortgage assets, and then go to bank for mortgage.
Second, enterprises will be large, allowing the country to recognize, through listing financing. This is also one of the main forms of domestic IT industry financing.
Third, private financing. Under China's current conditions, folk financing is not very active, which is to be further improved in all aspects. In China, the above three kinds of financing methods have certain limitations. Many IT companies take into account foreign financing. In fact, in foreign countries, there is almost no exception to repeat these three ways, but the region is different.
Federation of financing fourth
Over time, the fourth financing method - venture capital should be born. In foreign countries, venture capital is maturing in the 1980s. Risk investment has significant differences in traditional banks, and venture capital is more adventurous. It will turn investment as a risk, and high profits are obtained through risk; banks take conservatively resistance risk. As we mentioned earlier, domestic commercial banks tend to use mortgage to capitalize
Gold support, this actually transferred almost all to the borrower. Therefore, the operation of commercial banks requires low risk and has few returns; venture capital must rely on risk to produce profits, and its return rate is also higher.
IT venture capital, not alone
With the development of information technology, the electronic information industry has flocked to the era. Especially the development of the Internet, communication technology in the past ten years, enabling the electronic information industry a country, whether an industry leads a sign, it is also the chasing hotspot of venture capitalists. Venture capitalists invest in IT industry, do not receive interest (because it is investment rather than borrowing), operating to a certain level, venture capital must rely on effective exit mechanisms to honor investment.
There are two ways to exit the risk investment. The first way is to operate the investment enterprise, this is the best choice; the second way is to marry the risk to additional venture capitalists, this way is only risking, Will not get a good return on investment.
For IT companies, there are three obvious advantages in introducing venture capital.
First, you can obtain the necessary funds.
Second, the financial stability can be maintained for incorporation of funds that are not repaid.
Third, risk investment to exit, the best way is to help companies listed, and companies will receive other investments and help in non-monetary forms of venture capitalists.
The electronic information industry is favored by venture capitalists, which is determined by its high permeability, high penetration characteristics. The typical representative is the communication industry. For other high-tech, communication technology is more real, and it is more convenient to apply, it is easier to be accepted by ordinary people. This look at the speed of our mobile phone update. The proposed law, such as "fifth media", "thumb economy" reflects the significant impact of communication industry to people's lives, it is increasingly
Part of our lives. Therefore, industries such as communications have a universal influence, it is easier to become a highlight of venture capitalists. Last year, Kai Chifa has invested 12 billion international high-tech industrial parks in Liangshan, Shandong, in fact, also a risk investment in communication technology and high-tech.
Corporate listing: Wufei heart
From a capital perspective, IT companies are listed in facts are not as difficult as people think. The IT industry is an industry that supports development in countries and has certain policy advantages. Why is there a lot of IT companies feel that the market is "long-distance"? There are several reasons for this, the first reason is that there is not a capital requirement of the listing, which is also the most important reason is that the second reason is not good enough. When ventures with venture capitalists and some big IT companies, it is necessary to investigate the situation of this company, whether there is a certain scale, certain operating time and certain profitability. Risk investors mainly solve the first question, when the company is listed, the capital value is increased, and their own capital is not enough, this requires the risk investor to seek support. In addition, the company is listed, but also is the company, and the initiator must reach four or five. Venture investors can come out in this critical moment, help to build initiator, adjust the shares, and inject some necessary cash flows as capital, and then quit after listed. Taking a case of a Kaici operation as an example. As a venture capital, and listed companies should sign an agreement, before the listing of our holding, once the company is successful, the listed enterprises are required to pay for the shares we hold. Venture capitalists from capital holding, mainly to protect their own interests and do not participate in business decisions. Listed companies can get the shares held by venture capitalists to bank mortgage because
The shares of the city company can be mortgage. Through this way, the company has returned from bank loans, repurchase venture capitalists, and then returned to banks. Practice has proven that such a road is to do.
As far as our experience, Chinese companies choose venture capital, or have a certain amount of funds shortage, either financing. The financing of Chinese companies often presents the following path: first look for banks, ask for banks, and then find the government, see if they can guarantee financing, or find some leadership to coordinate, apply for some special development funds; finally can't find venture capital.
Venture investment has a certain industry characteristic, it is a semi-active, semi-passive, usually passive. Because as a financial institution, it is generally waiting for customers to find it, not to take the initiative to find customers. Imagine a certain day, a bank is not looking for a regular business, providing loans, will this bank will have problems with people? Risk investment is also the same, if you take the initiative to ask a company to risk
Investment, the company's mentality will be very different, they will even doubt if you don't have an attempt, is it to buy it.
In Silicon Valley, IT financing activities are very many, and companies are involved in various financing activities, and have a lot of success. China's IT companies can refer to Silicon Valley model, more actively contact venture capitalists, actively participate in sharing, open mentality, and trigger venture capitalists' interest in enterprise products, projects, and clearly point out the development of future markets, thus in development On the road, get venture capitalists have
Force support.
