By comparing limited partnership , trust fund and corporate from the aspects of institutional incentives , institutional constraints and operation costs , we come to the conclusion that limited partnership is the most efficient in that , as an innovative organizational form of venture capital institutions , it suits venture capital investment , the innovative finance 就激励、约束机制和运行成本三方面对有限合伙制、信托基金制和公司制这三种形式的风险投资机构进行了对比。最终得出有限合伙制是最有效率的，它适应了风险投资这种创新型金融形式，是风险投资机构组织形式的创新，其次是信托基金制，最后是公司制。
In this thesis , the author builds a structure model of vc and discusses the function and characteristic of the venture capital , vc market , vc institutions , venture enterprises , intermediary institutions , related laws and regulations and government . the advantages and disadvantages of the vc system are also analysed . how to develop the vc 根据风险投资与风险投资体系的辨证关系，提出风险投资体系的构成模型，并对其构成元素? ?风险资本、风险资本市场、风险投资机构、风险企业、中介服务机构、法律法规以及政府? ?在体系中的功能与特点，以及风险投资机制的积极效应与负面效应逐一展开详细论述。
