This paper takes the venture capital company as subject in risk management , and the risk factors in venture capital investment cycle as object , spreads out from three sides which include outside guarantee of risk management in venture capital that is to keep away macro condition risk , inside base that is congnition of risk managementsubject , and central content that involve micro management mechanism of different risk object . through a plenty of emperical investigation including evaluation of macro condition risk , identification of subject of risk management , information obstacle in decision process , agency risk performance of entrepreneur , risk attitude of venture capitalist and entrepreneur , control actuality at post - investment stage , supply and demand of value - added service , and exit practice etc . , the paper firstly analyzes the risk management mechanism of venture capital wholely in system 本文以创业投资公司为风险管理主体，以创业投资周期中的风险因素为管理客体，从外在保证? ?宏观环境风险防范、内部基础? ?风险管理主体的认知、核心内容? ?不同风险客体的微观管理机制三个层面展开，首次通过大量的实证研究，包括宏观环境风险的评价、风险管理主体的认知、决策过程中的信息障碍、创业企业家代理风险的行为表现、创业投资家和创业企业家的风险态度、投资后阶段的监控现状、增值服务的供需、退出实践等内容，在理论分析和实证调查的基础上系统而全面地研究创业投资的风险管理机制。
Based on the identification of subject , object , princinpals and characters of risk management in venture capital , we go deep into investigating risk attitude and congnization of different venture capital firms , and find out there is significant difference of risk attitude and congnition existing in venture capital firms whose capital came from different sources 根据对风险管理主体、客体、原则、特点的界定，实证调查我国创业投资公司的风险态度及对风险管理的认知现状，分析发现不同出资类型的创业投资公司在风险态度和风险管理重要性认识方面都存在显著性差异。
First : underlying theory on the basis of an overview to the meaning of the venture capital , the section made an analysis to it ' s character and function . in light of the systematic theory has analyzed the venture capital system it had an emphasized discussion on investor , venture capitalist and inventor which are the main subject of the founding invest system according to the procedure analysis , it made an integrate explanation to the whole operating process of the venture capital 在概述了创业投资的内涵的基础上，分析了其特征和功能；运用系统论的基本原理，对创业投资体系进行了分析，着重讨论了创业投资系统的三大主体? ?创业投资者、创业投资公司、创业企业，并对其所处的环境因素进行剖析；按照流程分析的方法对创业投资的运作过程进行了整体说明。
This paper in theory , operation foundation of mechanism of us venture capital thesis , introduce hunan hi - tech risk theory of investment , venture capital source and mechanism characteristic of pioneering investment company . on the basis of the theory of venture capita and reality 本篇论文在比较、借鉴美国风险投资的理念、运作机制的基础上，介绍了湖南高科技创业投资公司的风险投资概况、风险投资理念、风险资本来源及风险投资机制特点包括风险投资基本特点、组织形式、项目选择及决策机制、资源整合机制、风险控制及投资退出机制等。
This paper analyses hunan intellectual faculties mechanical limited company investment decision marking process of project , function of mountains and rivers : the technological demonstration , market , sales tactics . and risk analysis , financial situation analysis , administrative staff ' s quality of the project are analysed etc . on the basis of analysing , this paper proves hunan intellectual faculties mechanical limited company current situation and development trends of project , intelligence of mountains and rivers , through market survey . this paper draws a proposal that hunan hi - tech pioneering investment company invest in hunan intellectual faculties mechanical conclusion of limited company , intelligence of mountains and rivers , on the basis of the analysis , and recommends a kind of comparatively rational capital project to hi - tech pioneering investment company of hunan 在风险投资的理论基础上，结合本人在工作中的实际情况，分析了湖南高科技创业投资公司对湖南山河智能机械股份有限公司项目的投资决策过程：项目的技术论证、市场、销售策略及风险分析、财务状况分析、管理人员素质分析、市场调查分析等；在分析的基础上，通过市场调研来论证湖南山河智能机械股份有限公司项目的现状及发展趋势；并对湖南山河智能机械股份有限公司项目的投资方案进行了比较，在这些分析的基础上得出建议湖南高科技创业投资公司投资湖南山河智能机械股份有限公司的结论，并向湖南高科技创业投资公司推荐了一种较为合理的投资方案，高创投董事会在分析各方案的基础上，作出了合理的决策。
Chapter three analysis of cgm ' s participants in this part , the paper grouped cgm ' s participants into three kinds : venture enterprises " sponsors ( like venture fund ) , institutional investors and personal investors . and the paper forecasted the possible main participants . last , the possible risk and investment strategies were also discussed 第三章“中国创业板市场参与者分析”将市场参与者分为三类进行分析，即创业投资公司等创业企业发起人、机构投资者和个人投资者，并且讨论了中国创业板市场主要参与者的可能结构；分析了各类参与者在创业板市场可能面临的风险及投资策略。
