Dissertation modify the classical model , used new parameters in the utility function , set up the principal - agent model about venture capital fund . furthermore , dissertation also set up the signaling model about venture capital fund 为此，在经典模型的基础上做了修正：在投资人与基金管理人的效用函数中引入了切合风险投资基金实际的参数，建立了风险投资基金的委托?代理模型。
Currently , the company has in pudong zhangjiang , caohejing , fudan , jiaotong university , qinghua , and other established 17 venture capital funds ( including professional fund ) , a total of 150 investment projects , leading to social capital size of 31 billion 目前，公司已在浦东张江、漕河泾、复旦、交大、清华等地建立了17个风险投资基金（含专业基金） ，共投资项目150余项，带动社会资金规模达31亿元。
There are double principal - agent relationship in venture capital fund , so the principal - agent theory is suitable for research the game between investor and found management . dissertation used principal - agent theory as a basic theory , and to be based on the characteristics of venture capital fund 风险投资基金中存在着双重委托代理关系，故委托代理理论适用于研究投资人与基金管理人之间的博弈。
Before that , he was a partner with the law firm riordan and mckinzie now part of bingham , mccutchen , llp , los angeles , calif . , where he honed his skills in securities , mergers and acquisitions , venture capital funds and leveraged buyout funds 在此之前，他是位于加利福尼亚州洛杉矶市的riordan and mckinzie律师事务所的合伙人。他在证券并购和收购风险投资基金及杠杆收购基金等方面积累了丰富的经验。
Starting in 2002 as china ' s first pure play cleantech overseas fund series , china environment funds focus on making investments into companies in environment protection , renewable energy , new materials , energy efficiency , waste treatment , and clean productions 从2002年起作为国内第一支致力于清洁技术领域的海外系列风险投资基金，中国环境基金重点投资在中国境内从事环保、新能源、新材料、节能减排和清洁生产的企业。
Completing investment and financing system , reinforcing venture - investment system 4 . improving the protection of intelligent industry right , reinforcing policy of technology development 5 . rapidly carrying out strategy in personal resource 6 建立风险投资体系是发展高新技术产业的关键，通过建立政府激励机制，以市场方式运作政府风险投资基金，拓宽凤险投资渠道；进一步培育和完善资本市场，并开发风险投资保险业务。
During the research , only investment projects in china were taken in account and companies which were listed or purchased during last 3 years （ from july 1 , 2003 to jun 30 , 2006 ） are considered to the performance of the venture capitalists 在“中国最佳创业投资人榜”的评选过程中，我们只考虑他们在中国投资的项目，并且只有那些在过去3年（ 2003 . 7 . 1 - 2006 . 6 . 30 ）中已经上市或被并购的公司才被纳入风险投资基金业绩考察的范围之内。
Since its establishment , the ceibs centre of entrepreneurship has hosted two annual investor forums : these are open platforms for entrepreneurs and investors to meet one another to discuss opportunities and cooperation . some participating companies have obtained external investment by attending these forums 创业中心将会建立由在校学员及校友组成的企业家俱乐部，定期开展活动，加强成员间的交流，以及风险投资基金及创业领域专家与俱乐部成员间的互动。
But in the past , because our government became the main investor in venture capital , most venture capital company are inefficient , abnormal , and there are seriously shortage of capital in chinese venture capital . developing venture capital fund can settle this troubles 过去一段时期，我国的风险投资业由于投资主体不当，普遍存在效率低下、资金匮乏、运作不规范等问题，发展风险投资基金是解决上述问题和我国目前风险资金严重不足，投资主体不当的良方。
In asymmetric information situation , the relationships among the market participators are called the principal - agent relationship , which exits in each organization , each cooperative activity , every management level of enterprises , and also exits in the running process of venture capital fund 在非对称信息条件下，市场参与者之间的关系称为委托-代理关系，这大量地表现在一切组织，一切合作性活动中，存在于企业的每一个管理级上，当然也存在于风险投资基金的运作中。
