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【文章內(nèi)容簡介】 al Seed Money $0$5$10$15$20$25$30$3519951994Source: Business Week, 1996 $ Millions Communications Information Software Distribution Products Health Care . StartUp Venture Capital 1st Quarter 2023 $14 .00$5. 00$2. 00$1. 002n d S tag eS tar tu pLate rBu you tSource: WSJ, 2023 Billions Venture Capital and the Inter $0. 0$0. 5$1. 0$1. 5$2. 0$2. 5$3. 0$3. 5$4. 0Q 1 9 8 Q 2 9 8 Q 3 9 8 Q 4 9 8 Q 1 9 9 Q 2 9 90%10%20%30%40%50%60%T ota l V e n tu r e% I n te r n e tSource: WSJ 1999 Billions Irreducible Uncertainty Investment Bhid233?！痵 Investment UncertaintyProfit Diagram Note: Size of Money Bag = Potential Profit Irreducible Uncertainty Investment PROMISING STARTUPS: Microsoft BASIC for the Altair (1975) Sam Walton franchised variety store (1945) TRANSITIONAL INITITATIVES: Microsoft Excel for the Macintosh (1985) WalMart distribution centers (196869) CORPORATE INITIATIVES: Microsoft Windows 95 WalMart JV in Mexico (1991) Bhid233。’s Investment Unc
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