创业投资家的代理风险在创业投资中,投资者与创业投资家之间存在着典型的委托———代理关系,而信息不对称是创业投资的最重要特征。投资者与创业投资家之间的信息不对称,一方面表现为,作为委托人的投资者,无法在事前准确地甄别作为代理人的创业投资家的真实能力。以投资收益来 Venture Capitalist Venture Capital Venture Capital, investors and venture capitalists exist between the typical commission --- agency relationship, and information asymmetry is the most important feature of venture capital. Asymmetric information between investors and venture capitalists, on the one hand, shows that the investor, as principal, can not accurately and accurately identify the true capabilities of the venture capitalist as an agent. To return on investment