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2016. 05. 24. 14:00~ @
Copyright()(KCERN). .
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1.9
2.3
2.8
3
5.2
9.1
9.8
15.6
21.6
28.7
: 2011()
,
,
70% 70%
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Copyright()(KCERN). .
,
, !
Copyright()(KCERN). .
| Quad Cycle (KCERN) |
1
19
M&A2
M&A 10
14
6
KCERN
Copyright()(KCERN). .
Quad Cycle(KCERN)
| Quad Cycle (KCERN) |
KCERN 3
02
03
01
KCERN Model
Twotrack
()
()
E()=P( )*R()
1 .
2 .
KCERN 3
02
03
01
KCERN Model
Twotrack
()
()
E()=P( )*R()
1 .
2 .
Copyright()(KCERN). .
KCERN
Copyright()(KCERN). .
KCERN
KCERN 3
02
03
01
KCERN Model
E()=P( )*R()
1 .
2 .
Twotrack ()
()
Copyright()(KCERN). .
E = (P x R) - L| Expectation | Probability | Return | Loss |
20% ,100%
Copyright()(KCERN). .
E = (P x R) - L| Expectation | Probability | Return | Loss |
E(1) = (P(1) x R(1)) - L(1)
E(2) = (P(2) x R(2)) - L(2)
E(i) = (P(i) x R(i)) - L(i)
E(i) = (P(i) x R(i)) - L(i)
P(i)
E(2)= P(2)*R(2)-L(2)>0 :
R(i)
L(i)
Copyright()(KCERN). .
P(i) E(2) = (P(2) x R(2)) - L(2) > 0 :
!
P(1) = 0.18P(2) = 0.2- -
!
(L)
Copyright()(KCERN). .
L(i)
2000
(Source: GRP Partners)
$5,000,000
$500,000
$50,000$5,000
2005 2009 2011
| |
Open Source
Cloud
: 5M$ 5K$ (20002011, GRP Partners)
| Lean Startup |
Copyright()(KCERN). .
KCERN 3
01
KCERN Model
Twotrack
()
()
E()=P()*R() 1 .
2 .
03
02
Copyright()(KCERN). .
,
Copyright()(KCERN). .
vs
[ ]
Copyright()(KCERN). .
: (2012)
-1000
170
100%
80.7%
64.1%
100%
47%
24.6%
0
20
40
60
80
100
120
3 10
, 2, 3
-,2015-
Copyright()(KCERN). .
Two Track
20
100
/
()
()CEO,
, 4
CEO 2.8, 2.8, 1.3 (2014)
Copyright()(KCERN). .
:
p.67
.
"(safety net)".
.
.
.
.
.
43.
32%, 38%.
,
(entrepreneur-friendly) .
Copyright()(KCERN). .
82,154
KAIST(2013) 18.2% (14,952)
() 7.2% (5,904)
2.9% (2,444)
4.2% (3,460)
72%
21.6%
Copyright()(KCERN). .
-or--
1 18% 20% 30%- -
Copyright()(KCERN). .
,
3M
thefailcon.com
10
,
24.1%
1,000 (2016)
53 (2016)
700 (2015.8~2016.7)
Copyright()(KCERN). .
(05) (10) (12)
,
50%
,
2
3
53,
10
09~13
201321,
19
,
Copyright()(KCERN). .
( & )
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Copyright()(KCERN). .
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Copyright()(KCERN). .
( )
www.kglobalrestartup.kr
jaegi.org
&K-Global
Copyright()(KCERN). .
2016
,
3
()
,
Copyright()(KCERN). .
EUSBA Learning from Failure , TMA
Recrer
Copyright()(KCERN). .
Pro Mittelstand,
Copyright()(KCERN). .
EU(SBA) VS
EU
2006
2012
1
2
3
EU SBA 1, 2
Copyright()(KCERN). .
A Second Chance for Entrepreneurs Policy
(2008)
SBA Recovery Agency Act
(2009)
(2006)
,
Copyright()(KCERN). .
Copyright()(KCERN). .
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1
()
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72 8.3
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!
,
( )
Copyright()(KCERN). .
: (*)
,
437 ( , )
57 ( )
567 ( )
: (**!)
Copyright()(KCERN). .
(SBA)
()
(75%, 2014)
()
75%,
3-10
100%
20,
15
Copyright()(KCERN). .
2
[2014 ]
2
39VS 2502
CEO 2
2
Copyright()(KCERN). .
| |
5
| |
3
50
7
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314 1,
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1500 500
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(2013)
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X O O
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500, 700 () 1,500
500(=) 200(=700-500) 800(=1,500-700)
?() 800 800
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K-GAPP (700) (1,500) (700) (700)
(800) (0) (800) (800)
K-IFRS (700) (700)
(800) (700)
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(2014)
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11
Copyright()(KCERN). .
2
&
2
Copyright()(KCERN). .
, Garth Saloner
,
(Near-death Experience)
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M&A M&A !
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