Lessons Learned from the Development of the American Venture Capital Industry

Abstract

At present, there is a gap between the Chinese entrepreneurial investment industry and the developed countries, and the corresponding regulations of supporting policies are not perfect, which makes it difficult to withdraw funds. Therefore, it can provide a reference for the development of the Chinese venture capital industry by drawing lessons from the past development experience of the American venture capital industry and analyzing the characteristics of the construction and post-stage development of venture capital centers. This paper summarizes the development experience of the American venture capital industry, and puts forward four suggestions for the development of China's venture capital industry: first, the government's active guidance and policy support. Second, pay attention to the management of professional talents. Third, establish a mature exit mechanism; Fourth, diversify the sources of funds.