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美国essay代写:风险投资公司的风险

由于MTT是一家具有发展潜力的新公司,在对资本投资进行评估时,风险投资公司需要考虑不同的方面。风险投资公司及其对MTT潜在成功的观察可以面临几个财务和非财务风险(Diebold, et al ., 2010)。下面是公司需要考虑的主要非财务风险。

未决专利:MTT已经完全开发了该产品,但全球专利流程还没有完成,这可能会对其未来一段时间的成功构成风险。这是因为其他公司或竞争对手可以引进相同的产品并获得专利,这将降低其竞争力(Brose, 2014)。

对外包的依赖:MTT产品的制造过程是外包的,这说明公司没有能力保守秘密。这也可能会长期影响MTT产品的独特性,从而对估算的现金流产生负面影响,进而影响风险投资家的盈利能力(Berger and Kuckertz, 2016)。

缺乏管理经验:韩宜兴和David Green都缺乏管理经验,这可能会影响企业优化管理资源的重要性,这可能是成本高于预期的原因(Memba, et al ., 2012)。

竞争与品牌形象:这是MTT在进行投资评估时应考虑的主要风险之一。这是因为服装技术的竞争日益激烈,大公司在拥有良好的品牌形象和较大的市场份额的同时,也在为自己的技术申请专利(Cumming, 2012)。这可能会对MTT的销售和增长预测产生重大影响,进而影响风险投资公司从融资中获得预期收益的能力。As MTT is a new firm with potential growth, the venture capital firm is required to consider different aspects, while appraising the capital investment. There are several financial and non-financial risks, which can be faced by the venture capital firm and its observation for the potential success of MTT (Diebold, et al, 2010). Below are the major non-financial risks, which the firm is required to consider.
Pending patents: MTT has developed the product fully, but still the global patent process is not completed yet, which can be a risk for its success as estimated for the future time period. It is because other firms or competitors can introduce the same product and can gain the patent, which will reduce its competitiveness (Brose, 2014).
Dependency on outsourcing: The manufacturing process of MTT’s products is outsourced and it depicts inability of the firm to keep secrets confidential. It may also affect the uniqueness of MTT’s products for long-time that will have a consequent impact on the estimated cash flows negatively and consequently the profitability for venture capitalists (Berger and Kuckertz, 2016).
Lack of management experience: Both Yixing Han and David Green have a lack of management experience that may influence the significance of the firm to manage its resources optimally and it might be a reason for higher costs than expected (Memba, et al, 2012).
Competition and brand image: It is one of the major risks that should be considered by MTT while appraising the investment appraisal. It is because the competition in the wearing technology is increasing significantly and the larger firms are making patents of their technology along with having a good brand image and a large market share (Cumming, 2012). It might have a significant influence on the sales and growth prediction of MTT and consequently, on the ability of venture capital firm to gain the desired benefits from funding.

美国essay代写:风险投资公司的风险

除了上述非财务风险外,风险投资公司在评估投资时还应考虑财务风险,因为这些财务风险直接影响到公司的盈利能力和未来的可持续性。以下是风险投资公司需要考虑的一些财务风险:

没有销售收入增长的基础:这是风险投资公司在评估投资时应该考虑的主要财务风险。因为预测损益表描绘了一个更高的销售收入每年增加,而有几个因素,如竞争、新技术、品牌等,这可能有重大影响的整体收入预测,因此所期望的总回报风险资本公司(安布罗斯,2012)。

营销成本:由于产品是新产品,公司专注于开发新产品,因此需要更高的营销和销售费用。由于新产品和新公司的出现,初期的营销成本会很高,这是没有考虑到的,这可能是公司整体盈利能力下降的原因之一(Memba, et al ., 2012)。

资本成本:对于一个资本投资项目的评估,需要企业确定合适的资本成本。MTT将众筹和债务作为外部资本,但项目的资金成本并不明确。因此,在评估投资时,风险投资公司需要适当地分析资本成本(Brose, 2014)。公司还需要根据经济中的机会成本来考虑其投资资本的资本成本,这将导致在作出投资MTT的决策时的适当性。

通货膨胀率:通货膨胀率是风险投资企业产生财务风险的另一个方面,是评价投资时需要考虑的因素。这是因为通货膨胀对预测在未来一段时间内获得的现金流的实际价值有显著的影响(Broere, 2013)。

企业的偿债能力状况:企业的债务和外部资本越多,就会导致企业资不抵债,组织产生所需回报的能力也会下降。与此同时,公司无法产生所需的回报可能会进一步导致破产,这可能会影响风险投资公司确保其投资的重要性(Broere, 2013)。Along with the above non-financial risks, the venture capital firm should also consider the financial risks when appraising the investment as these financial risks have a direct impact on the profitability and the future sustainability of the firm. Below are some of the financial risks, which are required to be considered by venture capital firm:
No base for sales revenue growth: It is the major financial risk that venture capital firm should consider while appraising the investment. It is because the forecasted income statement depicts a higher increase in the sales revenue each year, while there are several factors such as competition, new technology, brand name etc, which can have a significant influence on the overall revenue forecasting and consequently on the total return expected by the venture capital firm (Ambrose, 2012).
Marketing cost: As the product is new and the firm is focused on developing a new product, there will be a need for higher marketing and sales expenses. The cost of marketing will be initially high due to new product and the new firm, which is not considered and it can be a reason for the decline in the overall profitability of the firm (Memba, et al, 2012).
Cost of capital: For the appraisal of a capital investment project, there is a need for the firm to determine the appropriate cost of capital. MTT includes crowd funding and debt as the external capital, but the cost of capital is not clear from the project. So, while appraising the investment, the venture capital firm is required to analyse the cost of capital appropriately (Brose, 2014). The firm is also required to consider the cost of capital for its invested capital on the basis of opportunity cost in the economy that will result in the appropriateness in making the decisions for investing in MTT.
Inflation rate: Inflation rate is another aspect that can create the financial risk for venture capital firm and it is required to be considered while appraising the investment. It is because inflation has a significant influence on the actual value of the cash flows that are forecasted to obtain in the coming time period (Broere, 2013).
Solvency position of the firm: The higher amount of debt and external capital in the firm can cause insolvency and a decline in the organisational ability to generate the required return. At the same time, the inability of the firm to generate the required return may further lead towards the bankruptcy that may affect the significance of venture capital firm to secure its investment (Broere, 2013).