Guide language: We the best selling usb harddrive enclosure ekday of TechCrunch of guest of rich of science and technology published profit of division of Kui of · of Williams of president of Clearstone Venture Partners of company of venture capital investment (the analytic article of William Quigley) . The article says, future will be poineering enterprise and company of venture capital investment 10 years 10 years when win get one's own back of high specified number.
It is an article below main content:
Wind of 90 time end projects earnings not beautiful
This week is some earlier moment, I spoke of a few positive change of near future of industry of venture capital investment in a report. These change are very apparent, will mix to the most popular moto gp xbox company of current venture capital investment poineering enterprise causes persistent effect. The venture capital investment that 90 time end spoke of in this report " golden age " , the company such as Netscape, Yahoo, Yamaxun and EBay just founds at that time.
To doing poineering work the enterprise is mixed most popular selling usb harddrive enclosure for inchoate investment, that is first-rate time, but need points out is: To these preeminent companies, major capital appreciation happens after the company appears on the market. In other words, build these companies, include the electronic shopkeeper with the greatest whole world and the biggest online auction website, its are main redound was gifted common shareholder. This one circumstance is reasonable, because be average user,participated in the value with these m the best selling ata pci ajor companies to create a process.
So, regard an enterprise as father, inchoate employee or investor, why should assume a business the risk of inchoate development, is again many after the company appears on the market buy share? Generally speaking, opposite at privately owned company, investment appears on the market the risk of the company is lesser. However, in the cycle of a development that goes in industry of science and technology, the circumstance already produced very big change. To investor, appear on the market with inferior venture capital investment the times of the company has ende the most popular ata pci d.
Yamaxun is 440 million dollar in the market prise when appearing on the market, this makes a person believe hard. This company's current market prise already reached 90 billion dollar. The market prise when Yamaxun appears on the market is less than his even subsequently the battalion of 12 months receives total. EBay is 650 million dollar in the market prise when appearing on the market, under 3 times what subsequently 12 months battalion receives total. In 90 time inchoate, the city watch when the company appears on the market is low. The market prise when Cisco appears on the market is 225 million dollar only, mere battalion of 1 year receives summary prep above. At that time, company of venture capital investment believes formerly with poineering enterprise can win extremely tall get one's own back, however final factual proof, common investor achieved most earnings.
Poineering enterprise and wind are cast greet new erausb harddrive enclosure
To having keep in mind at founding a company, for the person that makes global professional work, we are enterin usb harddrive enclosure best buy g a new era, this also will be an extraordinary times. I can call poineering enterprise and private investor this one period " true golden age " . Before the company appears on the market, they can create enormous value.
Gu Ge is the activator that urges this one change. Appeared on the market 2004 when Gu Ge when, market prise ata pci card reachs 40 billion dollar. A lot of people think at that time, internet bubble appears again. However circumstance happening changes, bubble did not appear. The outside begins to discover, a few companies can create value with rapidder rate. Those think cereal song share price is realized very quickly by the investor o ata pci f overmeasure, cereal song share price is underestimated actually. 2010, wool profit of Gu Ge is 19 billion dollar about, and operation sex profit approachs 12 billion dollar.
When Gu Ge appears on the market, if investor can predict this one outstanding achievement of Gu Ge, so they will buy cereal song share very gladly. Really a few investor are done so at that time. It is what reason brings about investor so the to Yamaxun and EBay appraise before this is worth only 100 million dollars of amount to, and do the 6 to Gu Ge appraise values after coming 7 years reach 40 billion dollar? I think, between this first phase, market happening 3 change importantly greatly.
3 big reasons urge a change
Be Internet service above all gain ground. Start when I and copartner consume kind of Internet fund, namely when 1997, we think Internet already predominate. However we judge a mistake at that time. Actually, even if to 2000, the American that also has 1/3 only uses Internet service. Current, almost family of every United States can receive Internet, among them a lot of families used a broadband to serve. The growth rate of Chinese market makes the United States inferior by comparison. When 2000, china is only user of 20 million Internet, and already was close to at present 500 million.
In cycle of recent science and technology, the rise of Internet popularity rate already was mirrorred in the appraise value of company of science and technology. Investor thinks generally at present, the company such as Facebook and Zynga can from the whole world be benefited in higher and higher Internet popularity rate.
It is the development of pair of strong fund next. Since 2000, already rose to developing the measure of fund one times, the capital fund that they manage approachs 2 trillion dollar. Why is this one factor very main? Because be opposite,pour fund normally dedicated Yu Mou a kind of asset, for example science and technology. Such dedicated band come stronger professional, make the estimation that expands latent capacity to company of science and technology more accurate thereby. This has with 90 time with 80 time very big different.
Microsoft appeared on the market 1986, of this distance Microsoft found to already had 11 years. The market prise of Microsoft is 640 million dollar at that time, make an appointment with 3 times what be year of battalion to close. When Microsoft appears on the market, windows already was the operating system with global banner market. However, when appearing on the market as the enterprise buy brunt, the fair collect fund at that time pays close attention to industry of science and technology rarely. Very rare investor can predict Microsoft subsequently growing speed and dimensions, because this invests banker to give Mi ata pci controller crosoft very conservative appraise value, this makes the almost total value that common investor obtains Microsoft to create. However, if Facebook appears on the market, so common investor will not have same lucky.
VMWare appeared on the market 2006, the market prise at that time is 12 billion dollar. Nevertheless its market prise grows very quickly subsequently to 30 billion dollar. Accordingly, its are inchoate the final value that investor obtained 1/3. Cereal song author, inchoate employee and investor obtained the final value of 25% . for pair of Microsoft, Cisco, Yamaxun and EBay, its author and inchoate investor were obtained only be less than the final value of 1% .
To the precede person of industry of current science and technology, include Facebook, Zynga, Groupon and Twitter for, the author of these enterprises and inchoate investor can be obtained 50% to the final value of 75% . Accordingly, if you hope to participate in the fortune with prospective current or periodic science and technology to create a process, so the author that you need to become a company, inchoate employee or investor. The phase that makes money more easily will be an enterprise before appearing on the market.
The 3rd element is the good luck of global market. When 90 time, poineering enterprise is in those who hold water is original never had considered to march in a few years international market. To this kind of a lot of companies, after appear on the market only ability can pay close attention to an international market. But this one circumstance already produced a change at present.
Current, poineering enterprise makes an international market develop the strategy and home market euqally fast. Operation is global the cost of business already dropped considerably, and battalion restrains growth good luck is increasing. When 2000, economic gross of India is 500 billion dollar, it is 1.4 trillion dollar at present. Gross of the economy 10 years ago is Brazil 600 billion dollar, and was 2 trillion dollar 2010. The growth of Chinese economy is saltant type, inside 10 years economic gross comes from growth of 1.2 trillion dollar 5.7 trillion dollar. Since 2000, system of this 3 old economy raised 6.8 trillion dollar to the contribution of global GDP.
Common investor already understood these economic data, and economic growth makes poineering enterprise carries global market benefit quickly. Groupon is among them delegate. Although establish time 4 years merely, but Groupon has entered the whole world 35 countries. Considering the global strategy of this company, the employee number beyond United States of the Groupon inside 2 years will achieve predicting future 20 thousand person. The market prise when Groupon appears on the market predicts to will reach 25 billion dollar.
In going a few years, because worry about accrual not beautiful, a lot of traditional and limited partner of fund of venture capital investment are being removed endowment. However I think this will be a mistake. Future, participate in build new company, the company that is poineering enterprise to offer sth used to one's own advantage will be compared win more get one's own back before. (Dimension gold)
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