\u3000\u3000\u5f80\u66f4\u65e9\u671f\u8d70\u3002<\/p>\n
\u3000\u3000\u4f5c\u8005 I \u5218\u798f\u5a1f\u5468\u4f73\u4e3d<\/p>\n
\u3000\u3000\u53c8\u662f\u4e00\u7b14\u5929\u4f7f\u8f6e\u3002<\/p>\n
\u3000\u3000\u6295\u8d44\u754c\u83b7\u6089\uff0c\u53c8\u4e00\u7b14\u5408\u6210\u751f\u7269\u878d\u8d44\u51fa\u7089\u2014\u2014\u884d\u5fae\u79d1\u6280\u4eca\u5929\u5ba3\u5e03\u5b8c\u62105000\u4e07\u5143\u4eba\u6c11\u5e01\u7684\u5929\u4f7f\u8f6e\u878d\u8d44\uff0c\u7531\u7ea2\u6749\u4e2d\u56fd\u548c\u5cf0\u745e\u8d44\u672c\u5171\u540c\u9886\u6295\uff0c\u6c34\u6728\u521b\u6295\u548c\u5eb7\u88d5\u8d44\u672c\u8ddf\u6295\u3002\u4f9d\u6258\u4e8e\u6e05\u534e\u5927\u5b66\u79d1\u7814\u6280\u672f\uff0c\u884d\u5fae\u79d1\u6280\u7684\u638c\u95e8\u4eba\u6b63\u662f\u6765\u81ea\u6e05\u534e\u5927\u5b66\u7684\u5973\u6559\u6388\u2014\u2014\u4e8e\u6167\u654f\u3002<\/p>\n
\u3000\u3000\u5408\u6210\u751f\u7269\uff0c\u7f14\u9020\u4e86\u4eca\u5e74VC\/PE\u5708\u96be\u5f97\u70ed\u95f9\u7684\u4e00\u5e55\u3002\u5982\u6211\u4eec\u6240\u89c1\uff0c\u7ea2\u6749\u4e2d\u56fd\u3001\u9ad8\u74f4\u3001IDG\u8d44\u672c\u3001\u6e90\u7801\u8d44\u672c\u3001\u4e94\u6e90\u8d44\u672c\u3001\u5149\u901f\u4e2d\u56fd\u3001\u65e5\u521d\u8d44\u672c\u7b49\u77e5\u540d\u6295\u8d44\u673a\u6784\u7eb7\u7eb7\u6d8c\u5165\u3002\u5728\u8fd9\u4e00\u6761\u62e5\u6324\u7684\u8d5b\u9053\u4e0a\uff0c\u6211\u4eec\u4e0d\u4ec5\u770b\u89c1\u4e86\u6614\u65e5\u90a3\u4e9b\u64c5\u957fTMT\u7684\u6295\u8d44\u4eba\uff0c\u4e5f\u9047\u89c1\u4e86\u4ece\u6d88\u8d39\u8f6c\u9053\u800c\u6765\u7684VC\u670b\u53cb\u4eec\u3002<\/p>\n
\u3000\u3000\u65e0\u72ec\u6709\u5076\uff0c\u7ea2\u6749\u4e2d\u56fd\u4e0a\u4e00\u7b14\u5408\u6210\u751f\u7269\u6295\u8d44\u4e5f\u662f\u5929\u4f7f\u8f6e\u2014\u2014\u6295\u4e86\u767e\u798f\u5b89\u751f\u7269\u3002\u81f3\u6b64\u6211\u4eec\u770b\u5230\uff0c\u76ee\u524d\u5408\u6210\u751f\u7269\u878d\u8d44\u7f55\u89c1\u5730\u96c6\u4e2d\u5728\u65e9\u671f\uff0c\u51e0\u4e4e\u90fd\u5728A\u8f6e\u524d\u3002\u8fd9\u5e76\u975e\u5de7\u5408\uff0c\u4eca\u5e74\u4e00\u7ea7\u5e02\u573a\u906d\u53d7\u4e86\u524d\u6240\u672a\u6709\u7684IPO\u60e8\u51b5\uff0cVC\/PE\u4eec\u915d\u917f\u7740\u4e00\u6ce2\u8c03\u6574\u2014\u2014\u5f80\u66f4\u65e9\u671f\u5730\u8d70\u3002\u8fd9\u662f\u4e00\u6761\u8270\u96be\u800c\u53c8\u5145\u6ee1\u9b45\u529b\u7684\u5f81\u9014\u3002<\/p>\n
\u3000\u3000\u7ea2\u6749\u8054\u624b\uff0c\u6295\u4e86\u4e00\u4f4d\u6e05\u534e\u5973\u6559\u6388<\/strong><\/p>\n \u3000\u3000\u53c8\u662f\u5408\u6210\u751f\u7269<\/strong><\/p>\n \u3000\u3000\u8fd9\u662f\u7ea2\u6749\u4e2d\u56fd\u5728\u5408\u6210\u751f\u7269\u8d5b\u9053\u7684\u53c8\u4e00\u6b21\u51fa\u624b\u3002<\/p>\n \u3000\u3000\u8d44\u6599\u663e\u793a\uff0c\u884d\u5fae\u79d1\u6280\u4f9d\u6258\u6e05\u534e\u5927\u5b66\u4e13\u5229\u6280\u672f\uff0c\u81f4\u529b\u4e8e\u5b9e\u73b0\u4e13\u7528\u5316\u5b66\u54c1\u7684\u7eff\u8272\u751f\u7269\u5236\u9020\uff0c\u9762\u5411\u519c\u4e1a\u3001\u6cb9\u7530\u3001\u65e5\u5316\u3001\u533b\u836f\u7b49\u5e94\u7528\u9886\u57df\uff0c\u4e1a\u52a1\u6db5\u76d6\u9ad8\u6297\u9006\u751f\u7269\u50ac\u5316\u5242\u3001\u57fa\u4e8e\u751f\u7269\u6a21\u677f\u7684\u7eb3\u7c73\u4e0e\u5355\u539f\u5b50\u91d1\u5c5e\u50ac\u5316\u5242\u3001\u4ee5\u53ca\u9ad8\u9644\u52a0\u503c\u4e13\u7528\u5316\u5b66\u54c1\u7b49\u54c1\u7c7b\uff0c\u90e8\u5206\u4ea7\u54c1\u7684\u6280\u672f\u6c34\u5e73\u5904\u4e8e\u884c\u4e1a\u9886\u5148\u5730\u4f4d\u3002<\/p>\n \u3000\u3000\u800c\u516c\u53f8\u7684\u638c\u8235\u8005\uff0c\u662f\u4e00\u4f4d\u6e05\u534e\u5927\u5b66\u5316\u5b66\u5de5\u7a0b\u7cfb\u6559\u6388\u4e8e\u6167\u654f\u3002<\/p>\n <\/span><\/p>\n \u3000\u3000\u8ffd\u6eaf\u8d77\u6765\uff0c\u4e8e\u6167\u654f\u548c\u6e05\u534e\u7684\u7f18\u5206\u59cb\u4e8e1991\u5e74\uff0c\u90a3\u4e00\u5e74\u5979\u8003\u5165\u6e05\u534e\u5927\u5b66\u5316\u5b66\u5de5\u7a0b\u7cfb\uff0c\u968f\u540e\u53c8\u5728\u6e05\u534e\u5927\u5b66\u5316\u5b66\u5de5\u7a0b\u7cfb\u653b\u8bfb\u535a\u58eb\u3002\u8d44\u6599\u663e\u793a\uff0c\u4ece2000\u5e74\u52302003\u5e74\uff0c\u5979\u5728\u6e05\u534e\u5927\u5b66\u5316\u5b66\u5de5\u7a0b\u7cfb\u62c5\u4efb\u8bb2\u5e08\uff1b2003\u5e74\u52302012\u5e74\uff0c\u5728\u6e05\u534e\u5927\u5b66\u5316\u5b66\u5de5\u7a0b\u7cfb\u62c5\u4efb\u526f\u6559\u6388\uff0c\u671f\u95f4\u8fd8\u5230\u7f8e\u56fd\u9ebb\u7701\u7406\u5de5\u5b66\u9662\u5316\u5b66\u5de5\u7a0b\u7cfb\u505a\u8bbf\u95ee\u5b66\u8005\u3002<\/p>\n \u3000\u3000\u65f6\u81f3\u4eca\u65e5\uff0c\u4e8e\u6167\u654f\u535a\u58eb\u73b0\u4efb\u6e05\u534e\u5927\u5b66\u5316\u5b66\u5de5\u7a0b\u7cfb\u6559\u6388\u3001\u5de5\u4e1a\u751f\u7269\u50ac\u5316\u6559\u80b2\u90e8\u91cd\u70b9\u5b9e\u9a8c\u5ba4\u526f\u4e3b\u4efb\uff0c\u957f\u671f\u4ece\u4e8b\u5de5\u4e1a\u751f\u7269\u50ac\u5316\u3001\u5408\u6210\u751f\u7269\u5b66\u53ca\u751f\u7269\u7eb3\u7c73\u6280\u672f\u7814\u7a76\uff0c\u591a\u9879\u6210\u679c\u6280\u672f\u6307\u6807\u5904\u4e8e\u9886\u5148\u6c34\u5e73\u5e76\u6210\u529f\u5b9e\u73b0\u4e86\u4ea7\u4e1a\u5316\u3002<\/p>\n \u3000\u3000\u6b64\u5916\uff0c\u884d\u5fae\u79d1\u6280\u5176\u4ed6\u521b\u59cb\u56e2\u961f\u6210\u5458\u5177\u6709\u591a\u5143\u5316\u7684\u4e13\u4e1a\u4e0e\u804c\u4e1a\u80cc\u666f\uff0c\u62e5\u6709\u6e05\u534e\u5927\u5b66\u3001MIT\u3001UC Berkeley\u3001\u4e2d\u7cae\u96c6\u56e2\u3001\u65af\u4f26\u8d1d\u8c22\u7b49\u76f8\u5173\u77e5\u540d\u9ad8\u6821\u548c\u884c\u4e1a\u5934\u90e8\u4f01\u4e1a\u7684\u5b66\u4e60\u548c\u5de5\u4f5c\u7ecf\u5386\u3002<\/p>\n \u3000\u3000\u8fd9\u4e00\u6b21\u662f\u884d\u5fae\u79d1\u6280\u7684\u9996\u8f6e\u878d\u8d44\u3002\u4e8e\u6167\u654f\u6559\u6388\u8868\u793a\uff1a\u884d\u5fae\u79d1\u6280\u7684\u521b\u5efa\uff0c\u9996\u5148\u5f52\u529f\u4e8e\u6e05\u534e\u5927\u5b66\u3001\u5316\u5b66\u5de5\u7a0b\u7cfb\u53ca\u751f\u7269\u5316\u5de5\u7814\u7a76\u6240\u3001\u5de5\u4e1a\u751f\u7269\u50ac\u5316\u6559\u80b2\u90e8\u91cd\u70b9\u5b9e\u9a8c\u5ba4\u4ee5\u53ca\u6e05\u534e\u5927\u5b66\u5408\u6210\u4e0e\u7cfb\u7edf\u751f\u7269\u5b66\u4e2d\u5fc3\u591a\u5e74\u7684\u652f\u6301\u3002\u4e5f\u8981\u611f\u8c22\u5b9e\u9a8c\u5ba4\u7814\u7a76\u751f\u548c\u672c\u79d1\u751f\u540c\u5b66\u4eec\u7684\u6f5c\u5fc3\u94bb\u7814\uff0c\u4ed6\u4eec\u5728\u57fa\u7840\u7814\u7a76\u548c\u4ea7\u4e1a\u5316\u5e94\u7528\u4e2d\u7684\u5e76\u884c\u6295\u5165\uff0c\u4e3a\u516c\u53f8\u7684\u6210\u7acb\u5960\u5b9a\u4e86\u79d1\u5b66\u548c\u6280\u672f\u57fa\u7840\u3002\u611f\u8c22\u56fd\u5bb6\u91cd\u70b9\u7814\u53d1\u8ba1\u5212\u3001\u56fd\u5bb6\u81ea\u7136\u79d1\u5b66\u57fa\u91d1\u3001\u56fd\u5bb6973\u3001863\u8ba1\u5212\u4ee5\u53ca\u5317\u4eac\u5e02\u79d1\u6280\u65b0\u661f\u8ba1\u5212\u3001\u6e05\u534e\u5927\u5b66\u81ea\u4e3b\u79d1\u7814\u8ba1\u5212\u7b49\u63d0\u4f9b\u7684\u6301\u7eed\u57fa\u91d1\u652f\u6301\uff0c\u624d\u4f7f\u5f97\u6211\u4eec\u7a81\u7834\u5de5\u4e1a\u751f\u7269\u50ac\u5316\u9886\u57df\u9ad8\u6548\u9ad8\u6297\u9006\u751f\u7269\u50ac\u5316\u5242\u53ca\u9ad8\u6027\u80fd\u7ec6\u80de\u5de5\u5382\u521b\u5236\u3001\u6539\u9020\u548c\u4ea7\u4e1a\u5316\u7684\u4e00\u7cfb\u5217\u6280\u672f\u74f6\u9888\uff0c\u76f4\u81f3\u4eca\u5929\u521b\u7acb\u884d\u5fae\u79d1\u6280\u3002<\/p>\n 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\u3000\u3000\u8fdb\u51652022\u5e74\uff0c\u5408\u6210\u751f\u7269\u4f9d\u7136\u706b\u7206\u2014\u2014\u636e\u6295\u8d44\u754c\u4e0d\u5b8c\u5168\u7edf\u8ba1\uff0c2022\u5e74\u81f3\u4eca\u81f3\u5c11\u670915\u5bb6\u5408\u6210\u751f\u7269\u516c\u53f8\u5ba3\u5e03\u878d\u8d44\uff0c\u5305\u62ec\u884d\u5fae\u79d1\u6280\u3001\u5fae\u5143\u5408\u6210\u3001\u67ef\u6cf0\u4e9a\u3001\u67cf\u57a0\u751f\u7269\u3001\u82af\u5bbf\u533b\u7597\u3001\u64ce\u79d1\u751f\u7269\u3001\u68ee\u745e\u65af\u3001\u829d\u8bfa\u79d1\u6280\u3001\u6001\u521b\u751f\u7269\u3001\u767e\u8475\u9510\u3001\u5f15\u822a\u751f\u7269\u3001\u5fae\u6784\u5de5\u573a\u3001\u82f1\u77fd\u667a\u80fd\u3001\u84dd\u6676\u5fae\u751f\u7269…..\u8eab\u540e\u51fa\u73b0\u4e86\u7ea2\u6749\u4e2d\u56fd\u3001\u6df1\u521b\u6295\u3001\u9ad8\u74f4\u3001IDG\u8d44\u672c\u3001\u793c\u6765<\/span><\/span>\u4e9a\u6d32\u57fa\u91d1\u3001\u542f\u660e\u521b\u6295\u3001\u5965\u535a\u8d44\u672c\u3001\u78a7\u6842\u56ed<\/span><\/span>\u521b\u6295\u3001\u7ecf\u7eac\u4e2d\u56fd\u3001\u534e\u5e73\u6295\u8d44\u3001\u540c\u521b\u4f1f\u4e1a\u3001\u6e90\u7801\u8d44\u672c\u3001\u541b\u8054\u8d44\u672c\u3001\u771f\u683c\u57fa\u91d1\u7b49\u77e5\u540dVC\/PE\u673a\u6784\u3002<\/p>\n <\/span><\/p>\n \u3000\u3000\u5176\u4e2d\uff0c\u6700\u4e3a\u8f70\u52a8\u4e00\u7b14\u878d\u8d44\u662f\u84dd\u6676\u5fae\u751f\u7269\u3002\u4eca\u5e741\u6708\uff0c\u84dd\u6676\u5fae\u751f\u7269\u5b98\u5ba3\u5b8c\u6210B3\u8f6e\u878d\u8d44\uff0c\u7531\u5143\u751f\u8d44\u672c\uff08Genesis Capital\uff09\u548c\u4e2d\u56fd\u56fd\u6709\u4f01\u4e1a\u6df7\u5408\u6240\u6709\u5236\u6539\u9769\u57fa\u91d1\uff08\u6df7\u6539\u57fa\u91d1\uff09\u5171\u540c\u9886\u6295\uff0c\u4e2d\u5e73\u8d44\u672c\u3001\u6c5f\u82cf\u9ec4\u6d77\u91d1\u878d\u63a7\u80a1\u96c6\u56e2\u3001\u4e2d\u5dde\u84dd\u6d77\u8ddf\u6295\uff0c\u73b0\u6709\u80a1\u4e1c\u5cf0\u745e\u8d44\u672c\u3001\u78a7\u6842\u56ed\u521b\u6295\u3001\u9ad8\u74f4\u521b\u6295\u548c\u4e09\u4e00\u521b\u65b0\u6295\u8d44\u7b49\u7ee7\u7eed\u8ffd\u52a0\u6295\u8d44\u3002\u81f3\u6b64\uff0c\u84dd\u6676\u5fae\u751f\u7269B\u7cfb\u5217\u878d\u8d44\u603b\u989d\u5df2\u8fbe15\u4ebf\u4eba\u6c11\u5e01\uff0c\u521b\u4e0b\u5355\u7b14\u878d\u8d44\u884c\u4e1a\u8bb0\u5f55\u3002<\/p>\n 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