A Study on Critical Success Factors of Startups Fund Raising - the Venture Capital Industry Perspective

• Main Authors: Chiang,Wei-Lung, 江威龍
• Other Authors: 楊千
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/5vt3bw

碩士 === 國立交通大學 === 管理學院經營管理學程 === 104 === Innovation is considered as the essential key to the future competitiveness of Taiwan and the establishment of Venture Capital has been the most important factor to startup companies especially at the early stage, which has become a very hot research topic.The main focus of this research is to study the key factors which trigger VC to make a decision to invest a startup company when evaluating a fund raising case. However, there are limited VC in Taiwan and the decision makers are hard to find.If the research is based on collecting questionnaires, finding the right samplings is difficult and easily to cause sampling error. Therefore, the sampling of this research has been focused on acquaintances whom have been working on Venture Capital industry and being the high management position in current company. As the result, this research is based on and the personal interview to 5 senior managers who has been working on Venture Capital companies. In the view of Venture Capital, this research has found 4 factors which set off a successful fund raising case: 1. The Management Skill 2. The acceptance of the market 3. Cash-Out ability 4. Time to market To make the research more completed, it has also analyzed from different angels to collect data from 2 startup companies that successfully raise funds. Through interviews to ask their opinions on what they believed is the key factor on successful fund raising and to compare the similarities and differences in between investors and fund-raising parties.