本研究並提出下列研究命題：(1)創投事業發展軌跡及企業惰性將影響其新興領域佈局之難易度，(2)創投事業之企業組織基因(DNA)將影響其在新興投資領域佈局模式，(3)創投事業前期績效與經驗將影響後續積極拓展或固守既有領域之策略佈局。 ;Taiwan stands out as a success story in developing a venture capital (VC) industry in the past three decades. The phenomenon boasts the flourishing semiconductor, information technology and electronic industries which are closely associated with the VC sector in Taiwan. However, the rapid transforming of the ICT industry resulted in a paradigm shift, both in the context and structure of the industry, which in turn has changed the shape of ICT manufacturing strength of Taiwan as well as the investment processes and development strategies of Taiwanese VCs.
This research employed a multi-case, qualitative, narrative approach to investigate and explore the impacts on the investment process of Taiwanese venture capital business during the global ICT industry transforming period. In depth interview data are collected from six Taiwanese venture capital firms and tells a collective story of how recent ICT industry transform affects their investment process, shapes their actions, and engenders outcomes for them and their future investment strategies. A framework is developed to illustrate different knowledge components that focus specifically on the responses to the impact on the ICT industry transformation and intellectual capital view of venture capital firm respectively.
Findings and propositions are developed in relation to the following knowledge components: (1) the operation path and corporate inertia will affect the degree of complexities of the VC’s future development strategy, (2) the organization gene (DNA) of VC firm will affect the pattern of its investment portfolio selection, (3) the track record and experience of VC firm will affect the subsequent ICT investment expansion movement.