【正文】 11． 2． 2 高科技產(chǎn)業(yè)的經(jīng)濟特性對社會的影響 .........................................................................141．3 對我國現(xiàn)有融資/投資機制的反思 ...........................................................................................151．4 高科技風(fēng)險投資簡介 ................................................................................................................171． 4． 1 高科技風(fēng)險投資的起源和發(fā)展 .....................................................................................171． 4． 2 高科技風(fēng)險投資的內(nèi)涵 .................................................................................................181． 4． 3 高科技風(fēng)險投資的特點 .................................................................................................191．5 高科技風(fēng)險投資的成功及典型案例 ........................................................................................211． 5． 1 ARD 投資 DEC ................................................................................................................211． 5． 2 KPCB 公司投資互聯(lián)網(wǎng) ...................................................................................................211． 5． 3 DraperFisherJurvetson ....................................................................................................221． 5． 4 全球最具投資價值的 IT 公司 .......................................................................................231．6 建設(shè)高科技風(fēng)險投資業(yè)對二十一世紀(jì)的中國經(jīng)濟可持續(xù)發(fā)展的現(xiàn)實意義及必要性 ........25第二章 高科技風(fēng)險投資基金的組織與管理 .......................................................................................272．1 高科技風(fēng)險投資企業(yè)的組織機構(gòu) ............................................................................................272． 1． 1 高科技風(fēng)險投資企業(yè)的組織機構(gòu)圖 .............................................................................272． 1． 2 董事會 .............................................................................................................................282． 1． 3 管理機構(gòu) .........................................................................................................................282． 1． 4 投資經(jīng)理 .........................................................................................................................302． 1． 5 專家智能團 .....................................................................................................................312．2 高科技風(fēng)險投資基金的融資和資本構(gòu)成 ................................................................................322．3 基金規(guī)模 ....................................................................................................................................322．4 其它事項 ....................................................................................................................................33基金壽命 ...................................................................................................................................33報告與會計政策 .......................................................................................................................33第三章 高科技風(fēng)險投資基金的市場策略 ...........................................................................................343．1 投資基金的市場定位 ................................................................................................................343． 1． 1 風(fēng)險企業(yè)的不同發(fā)展階段及其特征 .............................................................................34創(chuàng)業(yè)階段 ................................................................................................................................................34成長階段 ................................................................................................................................................35擴張階段 ................................................................................................................................................36成熟階段 ................................................................................................................................................373 / 863． 1． 2 投資基金的投資階段定位 .............................................................................................383．2 專業(yè)化投資策略 ........................................................................................................................393． 2． 1 組合投資與專業(yè)化投資 .................................................................................................393． 2． 2 投資行業(yè)的定位 .............................................................................................................393．3 投資規(guī)模 ....................................................................................................................................40第四章 高科技風(fēng)險投資基金的運營 ...................................................................................................414．1 風(fēng)險基金運營基本流程 ............................................................................................................414．2 項目篩選與評估 ........................................................................................................................434． 2． 1 項目的獲取與初審標(biāo)準(zhǔn) .................................................................................................434． 2． 2 盡職調(diào)查與詳細(xì)評估 .....................................................................................................444．3 談判與簽定協(xié)議 ........................................................................................................................474．4 投資監(jiān)控 ....................................................................................................................................494．5 實現(xiàn)投資收益 ............................................................................................................................524． 5． 1 企業(yè)上市 .........................................................................................................................52企業(yè)上市的基本運做程序 ....................................................................................................................52借殼上市 .................................................................................................................