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创业投资(Vature Capital,以下简称 VC)在项目投资后的行为对其投资的新创企业(New Ven-ture,以下简称 NE)的生存与成长具有重要的价值。与一般机构投资者相比,VC 在项目投资后的干预行为显得非常活跃。研究者发现虽然 VC 对NE 的干预途径与手段非常丰富。但是基本上可以分为两大类。一类是 VC 通过与 NE 管理层的互动,为其提供增值服务(Macmillan,Kulow &Khoylian,1989;Bygrave & Timmons,1992),另一类是VC 通过监控以及重构 NE 所开展的价值创造活动
The behavior of Vature Capital (VC) after the project investment is of great value to the survival and growth of its invested start-up company (NE). Compared with the general institutional investors, VC investment in the project after the intervention is very active. The researchers found that although VC intervention on the NE means and means is very rich. But basically can be divided into two categories. One is that VC provides value-added services to its management through interaction with the NE (Macmillan, Kulow & Khoylian, 1989; Bygrave & Timmons, 1992) and the other is VC’s value-creating activities through monitoring and refactoring NEs