Venture capital, referred to as VC, is an investment behavior in which funds are invested in the research and development fields of high technology and its products which contain the risk of failure, aiming to promote the commercialization and industrialization of new technological achievements as soon as possible, so as to obtain high capital returns. From the perspective of operation mode, it refers to the process that the investment agency under the management of professional talents invests risk capital into high-tech enterprises with special potential. It is also a kind of risk investment mode to coordinate the relationship among venture capitalists, venture capital technology experts and venture investors, and to share the interests and risks of the three.
1.2 characteristics of venture capital
The universality of venture capital determines that it has the following five characteristics in many industries
(1) Venture capital is invested by venture investors over and over again.
(2) Actively participate in the investment business in the form of equity investment.