This research is based on interviews with entrepreneurs and venture capitalists to collect data , and finds out : with respect to personality , teamwork , and backgrounds , the interviewed entrepreneurs and venture capitalists think education does not make a difference on starting a business . the appropriate age to start as an entrepreneur is between 35 to 40 years old . on top of that , a person ' s personality , specialties , work experience and the attitude toward risks do affect the success of a start - up business 在对资料进行认真分析后，获得以下结论：在个人、团队的特性、背景方面，学历的高低不会影响一个人的创业能否成功； 35 - 40是最适合创业的年纪；而专长、创业之前的工作经验以及创业家对风险的态度和创业家的个性都是影响创业成功的重要因素。
Mr tony cheung , chairman of coulomb holdings ltd . was also delighted at the realization of collaboration between the commercial and the academic world . he believed that with the creativity of young talented entrepreneurs and the cooperation of academic institutions , the industry has found a valuable source of good research and development 富林集团主席张裕棠先生对学界与商界的成功合作表示兴奋，他相信凭著本港年轻创业家的创意加上学术机构的合作，本港的工业已找到最优良的研究发展原动力。
In details : ( 1 ) through analyzing the principle of ipo . the development situation of second - board market , and the process off listing in second - board market like nasdaq , the article concludes ipo is the results undertakers and venture capitalists dream of , and the best retreating manner , which second - board market becomes the best issuing place for venture enterprises 主要包括： ( 1 )通过分析ipo的基本原理、二板市场的发展状况，并以nasdaq为例示意了风险企业在二板市场上市的过程，得出ipo是创业家和风险投资家梦寐以求的结果，是风险投资的最佳退出方式，二板市场则是风险企业最佳的上市场所。
Based on the researches done by others , this thesis starts form the basic characteristics of venture investment , analyzes each characteristic , particularly the quality of the entrepreneurs , the products and technology , the external environment and the management level of the potential company , and then apply them to the operational system of a venture investment to establish an assessment index model to make the assessment and decision - making as scientific and easy to operate as possible . the thesis quantifies the above qualitative indices and gives quantitative assessment and the weight of each factor and it also illustrates the impact of profits and risks and proposes a new decision - making solution for new venture investment , i . e . venture marginal reward ratio , which provides decision - makers a reliable and scientifically operable reference method for project assessment . later this thesis demonstrates the application of the assessment method with two case studies 论文汲取前人研究的成果，从风险投资的特点出发，对这些因素进行了研究，着重研究了创业家的素质、项目的产品与技术、外部环境、企业能力因素，结合风险投资的运作机制，建立了风险投资项目评估指标模型，力求使评估和决策的科学化，便于操作，将定性指标量化，进行定量评估，给出了各因素的权重，综合考虑了收益和风险的影响，并提出了新的风险投资决策方法? ?风险边际回报率，为决策者作项目评价提供了较为可靠的、科学的和可操作的参照方法，通过两个案例，介绍了该评估方法的运用。
It points out that mechanisms in limited partnership screens risk investor effectively and reduces the agent ' s cost , such as the pay for venture capitalist , limited life cycle of fund , venture capitalist bearing unlimited liability , etc . at investment stage of venture capital , through analysing the arrangement such as the choice of investment tool , staging of investment and estimating enterprises " value again based on enterprise ' s achievement , control distribution etc . first , choice of investment tool is the core of agreement , and determines the principal - agent relationship between venture capitalist and entrepreneur to a great extent 论文对风险投资机构的两种主要的组织形式? ?公司制和有限合伙制进行了对比研究，深入分析了有限合伙制的主要制度安排，指出有限合伙制的报酬体系、风险投资家承担无限责任、基金的有限生命周期等机制的设计，有效的筛选了风险投资家并降低了代理成本。风险投资投资阶段，通过对投资中投资工具的选择、分阶段投资与基于业绩的价值重估以及风险企业控制权的分配等制度安排的研究，指出：一、投资工具的选择是风险投资契约的核心，在很大程度决定了风险投资家与创业家之间的委托代理关系。
Through elaborating the process of m & a of venture enterprises , the content of evaluating venture enterprises , and comparing ways to evaluate venture enterprises , and major payment approaches to m & a of venture enterprises , the article concludes : through m & a of venture enterprises , not only venture capitalists can reclaim investment to retreat from venture enterprises , but also undertakers can take back their investment and realize high profits from startup investment 通过详细阐述风险企业被兼并或收购的过程、风险企业价值评估的内容，并详细分析和比较了风险企业价值评估的方法和风险企业被兼并或收购的主要支付方法，得出：风险企业被兼并或收购，不仅风险投资家可以收回投资并达到退出风险企业的目的，而且创业家也可以收回其投资并实现高额的创业投资利润。
At first , the thesis introduce the background of establishing science park , the relation between science park and hi - tech industry development zone , the mechanism of science park operation , the character of venture enterprises of science park . establishing perfect corporate governance is very important for venture enterprises . the thesis analysis the problem of corporate governance and the growth of venture enterprises 本文分析了大学科技园创业企业治理结构的不足及原因，针对大学科技园创业企业的特点提出了构建有效企业治理结构的意见；分析了目前大学科技园创业家与企业成长的矛盾，对如何解决这些矛盾提出一些独到的见解。
