Gansu Business Plan Lanzhou Zhiyuan will give you a detailed introduction of the audit procedures and methods:

1. Project preliminary review

After obtaining your project outline or business plan, venture capital institutions often only spend a short time skimming through it to decide whether it is worthwhile to spend time on this matter. There must be something that appeals to him to make it take time to study carefully. Therefore, the project outline or financing application form is very important for financiers.

2. Professional review

In large venture capital institutions, relevant professionals will get together regularly Lanzhou Business Plan Or to discuss the proposal, decide whether to conduct an interview or reject it. Generally speaking, venture capitalist VC will evaluate your business plan from five aspects. When VC venture capitalists have a certain interest in your project, then you have opened the first door to successful financing, but if you want to finally obtain investment, there are still many links, including communication, negotiation, price negotiation, due diligence, etc. After tedious and detailed research and review, the door to successful financing is waiting for you to open.

3. Interview and preliminary verification

If the venture capital institution is interested in the project you proposed, it will contact you to directly understand its background, management team and enterprise, which is an important part of the whole process.

4. Responsibility review and detailed investigation

If the initial interview is relatively successful, then the venture capital institution will begin to investigate your business situation and learn as much as possible about the project. They carefully evaluate the technology, market potential, scale and management team of the intended enterprise through the review procedure, which includes contacting potential customers, consulting technical experts and holding several rounds of talks with the management team.

5. Agreement negotiation and term sheet

After the completion of the review phase, if the venture capital institution believes that the project applied for has a good prospect, then it can start cooperation negotiations on investment forms and valuation. You will usually get a term sheet that summarizes important investment and financing cooperation related content.

6. Sign contract and enter

Venture capital institutions try to adapt their investment returns to the risks they take. Based on their respective evaluation of the enterprise value, the two investors reached a transaction value through negotiation. After negotiation, enter the stage of signing the agreement. Sign a contract that represents the wishes and obligations of both you and the venture capitalist.

7. Supervision after the investment takes effect

After the investment takes effect, the venture capital institutions will have the right to supervise the shares of venture enterprises or other forms of cooperation. Most venture capital institutions play the role of consultants in the board of directors or cooperation. They are usually involved in several enterprises at the same time, so they have no time to play other roles. As consultants, they mainly put forward suggestions on improving the operating conditions to obtain more profits, help find new managers (department managers), regularly contact you to track and understand the progress of operations, and regularly review the financial analysis report submitted by the accounting firm. Since venture capital institutions know the business areas they invest in very well, their suggestions are often of great reference value.

8. Exit

Generally, the exit method adopted by the investment partner after obtaining a certain income in 5-8 years. It mainly includes: public listing; Share repurchase; Sale (general merger and acquisition and second phase merger and acquisition); Liquidation.