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" a controller of orgnaization of domestic venture capital investment authenticating louis vuitton handbagsdiscloses, global IPO market anabiosises lack of power the advent before forcing PE invests inflection point to carry sadly, but VC orgnaization is not blindly " store grainreal louis vuitton handbags hibernate " , some are flat play case " pull sb's chestnuts out of the fire " a person of extraordinary powers bets game. </p><p>Fill extremely and decline, come a bitoriginal louis vuitton handbags suddenly it seems that! </p><p><b>Store grain hibernate? </b></p><p>The IPO cold current that faces arise suddenly and market of class of just a little of company estimate value are hanged, partial VC can " store grain hibernate " . </p><p>Rose in October, company of a mobile Internet deputygenuine louis vuitton handbags always discover suddenly, "The day that is recalled to hold in both hands by VC " be gone forever. "Those VC that already signed intentional investment agreement are hiding of purpose now I. " he is helpless express, this agreement should be by September turn official investment into the contract, but VC asks to check the certain doubt that fulfils his duty to investigate to nod further however now, "Actually they are to plan to postpone investment time. "Actually they are to plan to postponedesigner louis vuitton handbags investment time.. </p><p>This is not isolated incident. "Because VC discovers suddenly, the company estimate cost that discusses formerly first half of the year becomes too high. " explanation of a VC fund chief says, the fuse comes from the fast refrigeration of Euramerican IPO market above all. </p><p>Clear family louis vuitton 2011data shows, as a result of Chinese concept the financial disturbance that make a holiday and " VIE structure " be faced with superintend, the 3rd quarter is only this year potato net appears on the market successfully in Nasidake, "This forces undoubtedly bear the investment bank of the IPO outside selling Chineselouis vuitton outlets company condition begins to move estimate of low China company to be worth considerably, concept of China of the IPO outside the place that some are running appraise value is worth than enterprise PRE-IPO appraise even even low, difference of the greatest value is achieved 50% . Difference of the greatest value is achieved 50% .. </p><p>The IPOlouis vuitton wallets cold current that faces arise suddenly and market of class of just a little of company estimate value are hanged, partial VC can " store grain hibernate " . </p><p>"To VC fund, not be not to join a project, invest a project however whether gain money. " Da Chen is achieved cast president Liu day to express to the reporter.louis vuitton speedy </p><p>Do poineering work than was being taken the advantage of first half of the year last year board just debut, da Chen achieves the project percent of pass that invests committee to be as high as 80%-90% , percent of pass already dropped to 60%-70% nowadays. </p><p>"Rose in September, the amount of equipment options order that every monthly magazine gives investment committee considerably shrink, average first half of the year this year a month can have 10 projects, can achieve 6 now already very pretty good. " a home achieves congenial compose controller to express, the photograph is lower than Euramerican IPO market fan come ahead of schedule, home achieves congenial compose to also begin to prepare for war to did not come 3 years two nowadays inside new those who issue thelouis vuitton for men rhythm that put delay " worst circumstance " . </p><p>The reporter achieves congenial compose to understand from much home, nowadays VC from grab a project formerly, become sadly " allow a project " , want some enterprise twice to enter only involve investment decision-making council fails, VC allows an enterprise to remove former exclusiveness invests an agreement, turn and to other VC collect endowment. </p><p>This appears with continuously fervent equity invests collect endowment upsurge,louis vuitton shoulder bag make bright contrast. </p><p>Clear family data shows, poineering investment of China and foreign countries and illicit collect equity invested fund of orgnaization new collect to count September in all 40, increase investment capital newly 3.315 billion dollar, pick up considerably than August. </p><p>"But actual condition is, may original louis vuittonnot of new collect capital leaves new investment the project, give associate with project give aid and support however. " he expresses, the electronic business affairs that relies on the mode that burn money to realize business dilate, group is bought, contract of the sources of energy runs a company, these industrieslouis vuitton damier are very difficult now collect of Xiang Xinji gold endowment, can rely on original VC to invest square blood transfusion only in order to maintain bread, "Everybody does not genuine louis vuittonwish to see fund is in of afore-mentioned projects invested to hit water finally to float with great quantity, but the result can be VC gives capital obligate only already invested a project ' hibernate ' , turn and contract to be spent to the investment of new project. Turn and contract to be spent to the investment of new project.. </p><p><b>Go against situation copy a copy? </b></p><p>By September since venture capital investment abruptly low fan, advocate if relevant orgnaization begins to fear the project cannot come true,exit, must turn and depress invests the price. </p><p>With " store grain hibernate " person photograph comparing, VC domain also theres is no lack of " pull sb's chestnuts out of the fire " person. </p><p>Many domestic VC personage discloses, orgnaization of a lot of VC is lengthened of purpose fulfil his duty to investigate time, it is the negotiation strategy that they press small company estimate actively to be worth actually, "Invest periodlouis vuitton cheap meeting truly to come from 3 quarters postpone the end of the year. </p><p>Fall in the circumstance with domestic constrictive money market after all, company of the end of the year should raise normally a good deal of capital is used at business liquidates defray or repaying upriver supplier money, if industry shortage is enough much ready money flows, can consider to be forced to reduce company estimate to be worth only with successful financing. </p><p>"Times city of 10-15 is filled with the company project that leads quoted price now, to the end of the year the likelihood falls to 10 times the following. " afore-mentioned VC orgnaization personages express, depress company estimate is worth, have its a painful topic likewise. </p><p>The reporter understands, the contributive person that looks forehead distributes VC fund (LP) begin to have not enough to meet the need with company capital or invest project value on the high side for, compress considerably in the past affirmatory contributive forehead is spent, "Some should infiltrate affirmatory capital by September originally the LP of VC account, pull fund to the end of December, and actual and contributive forehead spends a likelihood cutter than acceptance 30% - 40% . " he expresses, similar phenomenon is in VC domain already sadly faddish, "Especially new the VC that hold water, because do not have before outstanding outstanding achievement is propped up, more the accredit that cannot get LP. More the accredit that cannot get LP.. </p><p>As corresponding as this, it is in equity investment lasts below fervent aureola, odd a fund is average shrink of collect endowment forehead is made an appointment with 50% . </p><p>Data shows, 3 quarters are new this year fund (include RMB fund)authentic louis vuitton average raise endowment forehead fifty-five million six hundred and fifty-seven thousand three hundred dollar, about to go up quarterly equity invests fund average raise endowment forehead about 50% of 109 million dollar, and the fund that collect endowment forehead exceeds 100 million dollar is only 7, 11.1% what take measure of 3 quarters new fund only. </p><p>"So most VC besides lengthen fulfil his duty to investigate value of estimate of time depress company, still begin to appeal of the bank send form of the movable mould that borrow couplet. " he expresses, particular operation modelouis vuitton suitcase is VC and enterprise the enterprise invites to offer what mortgage with company equity to cross the bridge to borrow money after just signing investment agreement, again when LP is noted endowment, remand to the bank by VC fund loan " buy " the company equity that loan mortgages, mode of this kind of operation is louis vuitton bagsbuilt remand in VC acceptance below the premise that the bank borrows money, and the capital that bank respect asks to become VC fund is mandatory square, ensure to Zhang rate with monitoring VC capital loan risk can accuse, and while VC fund provides necessary fund in time for the enterprise, can be filled with with smaller town rate acquire equity. </p><p>Meanwhile, anabiosis in the round as market of the IPO outside churchyard still need time, a batch of new equity invest fund to begin to hit the wishful thinking of large project. </p><p>Pass in the near future restful and fiducial the Chun Huaji gold that finishs 3 billion yuan of collect endowment plans togucci outletsinvest a project in, kang Renshou is in peaceful awesomely row. Personage of know the inside story discloses, because 2 class market is small,confuse bring about new issue rhythm to put delay, peaceful Kang Renshou whether next year implementation IPO still is unknown. But when group of the Gao Cheng before this buys peaceful Kang Renshou to make an appointment with 10% equity, ever agreed one counter-purchases sexual clause, if peaceful Kang Renshou fails to be by 2012,finish IPO namely, gao Cheng group has equity of Kang Renshou of peaceful of authority general part to make over set now, "Do not eliminate Chunhua foundation to buy receive the equity of peaceful Kang Renshou that by Gao Cheng the group transfers, or last rounds of financing before participating in peaceful Kang Renshou to appear on the market. Or last rounds of financing before participating in peaceful Kang Renshou to appear on the market.. </p><p>The administrative group of Chun Huaji gold includes to contain a group high formerly the Yuan Gaocheng group such as Hu Zuliu of chairman of district of former big China casts a tall canal, they all are participated in exorbitant fill buy peaceful Kang Renshou of 10% equity cast industry Wu. </p><p><p>"And 2008 second borrow the crisis to erupt around is quite similar, by September since venture capital investment abruptly low fan, advocate if VC orgnaization begins to fear the project cannot come true,exit, must turn and depress invests the price. " before narrate controller of orgnaization of venture capital investment to divulge, normally VC orgnaization grows high to having notting realize gain the computation that company estimate is worth, it is to be on basis of cost of appraise of IPO of the enterprise after coming two years call a discount. But enterprise IPO have no way is mentioned now, give out very hard also naturally " accurate " appraise value, just gives orgnaization of a batch of VC togucci bags outlet exchange the opportunity of the space that copy a copy with time, "After all as the country 10% grow 4 trillion investment and GDP regain speed, the city that domestic equity invested 2009 is filled with rate is short-term return 15-20 again times high point, they plan to repeat 2008-2009 again year copy a copy successfully. 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