|
????上個(gè)月,，我曾經(jīng)說(shuō)到,，美國(guó)風(fēng)險(xiǎn)融資數(shù)據(jù)已顯露投資泡沫跡象。更多的錢,，更少的公司,，意味著風(fēng)險(xiǎn)資本期待更高的“現(xiàn)金的現(xiàn)金回報(bào)率”(cash-on-cash returns)。趨勢(shì)是集中化,，而不是分散化,。 ????如今，我們有了新的數(shù)據(jù),，顯示這是一個(gè)全球現(xiàn)象,。 ????道瓊斯(Dow Jones) VentureSource本周二宣布，一季度美國(guó),、歐洲,、加拿大、中國(guó)大陸和印度967家公司的風(fēng)險(xiǎn)融資總額為98億美元,。融資總額較2010年同期增加20%,，但融資公司數(shù)減少了7%。 ????變化最大的是歐洲,，融資額增加17%,，但融資公司數(shù)減少了35% (創(chuàng)紀(jì)錄新低)。事實(shí)上,，182家融資公司是VentureSource自2000年開始統(tǒng)計(jì)以來(lái)的最低值,。 ????中國(guó)大陸的風(fēng)險(xiǎn)融資總額和融資公司數(shù)都呈現(xiàn)下降,，但平均融資規(guī)模仍上升。融資規(guī)模中值創(chuàng)下新高1,500萬(wàn)美元 (較2010年一季度增加20%),。 ????至于其他地區(qū)的風(fēng)險(xiǎn)融資規(guī)模中值,，VentureSource的報(bào)告顯示加拿大有大幅增長(zhǎng)，美國(guó)和歐洲溫和加速,，印度和以色列下降,。 ????要知道，這都是假定處于精實(shí)創(chuàng)業(yè)(lean startup)的時(shí)代,，即能以低成本實(shí)現(xiàn)全球化…… ????總的來(lái)說(shuō),，全球風(fēng)險(xiǎn)融資有66%流向了美國(guó)公司,。歐洲其次,，為16%。中國(guó)緊隨其后,，為15%,。 |
????Last month, I argued that U.S. venture capital data was showing evidence of an investment bubble. More money going into fewer companies, which means that VCs are expecting higher cash-on-cash returns. Concentrating rather than diversifying. ????Now we have new numbers showing that this is a global phenomenon. ????Dow Jones VentureSource today said that VCs invested $9.8 billion into 967 deals last quarter for companies based on the U.S., Europe, Canada, mainland China and India. That's a 20% increase in dollars but a 7% decline in funded companies from the first quarter of 2010. ????The largest differential occurred in Europe, with a 17% increase in investment but a 35% drop in the number of deals (a record low). In fact, the 182 companies funded represents the lowest such figure since VentureSource began keeping track in 2000. ????Mainland China experienced drops in both dollars and companies, but average deal size still rose. Moreover, median deal size hit a record high of $15 million (20% bump from Q1 2010). ????As for median investment sizes in other regions, VentureSource reports a major increase in Canada, mild accelerations in the U.S. and Europe and decreases for both India and Israel. ????And, remember, this is all supposed to be in an age of lean startups that can globalize on the cheap... ????Overall, 66% of all global VC dollars went to U.S. companies. Europe placed second with 16%, while China followed closely with 15%. |
相關(guān)稿件
最新文章
最新文章：
中國(guó)煤業(yè)大遷徙
| 中國(guó) | 美國(guó) | 日本 | 法國(guó) |
| 德國(guó) | 英國(guó) | 瑞士 | 韓國(guó) |
| 荷蘭 | 加拿大 | 印度 | 巴西 |
| 意大利 | 澳大利亞 | 俄羅斯 | 西班牙 |
| 能源 | 金融 | 汽車相關(guān) |
| IT行業(yè) | 商業(yè),、零售 | 房地產(chǎn),、建筑 |
| 金屬產(chǎn)品 | 航空、航天 | 食品相關(guān) |
| 電信 | 保險(xiǎn)行業(yè) | 鐵路運(yùn)輸 |