#VENTURE FORTHE JOB APPLICATION FREE#

'We are extremely grateful to our joint venture partners, the Guinean government and Rio Tinto Simfer for the spirit of cooperation they have shown in achieving this major milestone,' said WCS Chairman Sun Xiushun. This is also a step towards securing the necessary financing for the infrastructure, they said.

WCS and Rio's subsidiary Simfer Jersey Limited each hold 42.5% of the new company, which will be 'central' to the 'co-development' of the more than 600 km-long railway and the port being built to export ore from Simandou, in Guinea's remote southeastern corner, the JV partners said in a statement. WCS did not immediately respond to a question about the forced leave. The source said WCS' workers would remain on forced leave until the final JV agreements were finalised. The consortium, which has 15,000 employees including subcontractors and expatriates, put many of its workers on forced leave after the government-ordered halt. 'The Republic of Guinea reassures the partners, and the world of its firm will to develop the Simandou project in the best interests of the people of Guinea, and all partners,' said Djiba Diakité, chairman of the government's committee on Simandou. The junta, which took power in a coup last September, on July 3 ordered all work on the Simandou project to stop, frustrated with the companies' pushback over the government stake.

#VENTURE FORTHE JOB APPLICATION FREE#

If this requirement is not fulfilled, the chances of funding are decreasing dramatically.In a concession to Guinea's military junta, the companies gave the government a 15% free stake in the JV, La Compagnie du TransGuinéen, meaning it does not have to contribute to the capital required to build the infrastructure. The rule of thumb is that a company should be reached within two hours. Location of the Venture Capitalistsįinally, you should target VCs that are geographically close to your company’s offices. You have to determine for yourself which amount you are seeking for and finally aiming for a VC who is willing to pay the amount you demand. Required Financing Volumeĭifferent VCs invest different amounts.

You should mainly search for VCs which are focusing on your company’s sector to increase the chances that you will receive funding. focuses on information economy, whereas Greylock Partners (total assets: $2.0 billion) places the emphasis on medical devices. Spectrum industry (total assets: $5.7 billion) i.e. Venture Capitalists sometimes have a specialization on a certain industry sector. Industry Sector of Firm and Venture Capitalists Depending on whether your venture is in the seed, start-up or expansion phase, you have to find the right investors, which are typically financing companies of your state. Be aware of the reputation of your potential partners, it will be associated with your company! Development Phase of the Companyĭifferent VCs finance different development phases of young companies.

High-reputation affiliates usually create signaling and substantive value to your venture. The name and reputation of a VC often reflect on young companies and influence future financing rounds. based on experience, expertise and past performance of the VC. Venture Capitalists have different reputations, which are i.e. Name and Reputation of the Venture Capitalists To identify a suitable VC, you have to make up your mind about five main selection criteria. Let’s assume your venture is in the right situation to seek institutional VC funding. Alan Patricof, an American investor and one of the early pioneers of the venture capital and private equity industries, once stated: “Every venture capitalist says at some point: ‘I wish I could run this company myself’ – to be the entrepreneur instead of the investor.”īut before a venture capitalist wishes to be the entrepreneur of your company, there is one important step to do in the first place: Identify the right venture capitalists (VCs) for your company!

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