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VC firms and other investors ? There are a total of 7 different types of VC firms in additional to angel investors: – private independent venture capital partnerships – private small business investment panies – public venture capital panies – venture capital subsidiaries of large corporations – state venture capital funds – university related incubators amp。 private sector incubators – investment banking firms Private independent VC partnership ? Limited partnership: tax benefits ? 10 years life, 2 year extension ? Two types of PIP: – wealthy familiesvenrock associates, – institutional investors KPCB, ? two types of funds: usually $25 million – traditional vc funds investing in seed, or startups – turnaround or LBOs VC firms and VC funds VC Firm VC fund VC fund VC fund VC fund VC fund VC limited partnership ? 風(fēng)險(xiǎn)投資的運(yùn)營l im it e d pa r t n e rin v s t 9 9 %pr o f it 7 5 8 0 %g e n e r a l pa r t n e rin v s t 1 %pr o f it 2 0 2 5 %V C l im it e d p a rt n e rs h ipth e V C fu ndLP GP VC firms and VC funds VC Firm VC fund VC fund VC fund VC fund VC fund PC2 PC3 PC4 Pc1 PC5 The agreement of PE partnership 1 ? Fund sizes, investment maximum and minimum. ? Number of investors, GP contributions ? takedown schedule: both GP and LP do