除了创新、眼光和魄力,考量创始人还有一个特别重要的因素,就是学习能力VC与PE面对的企业成长阶段不同。PE考察的企业商业元素是基本齐备的,投资人考量的重点主要在企业的收入、利润和其市场增长状况。但VC考察的初创企业就不同了,它们的商业元素还看不清。VC要判断企业的未来成长,必须考虑人的因素。早期项目通常的投资周期为5-7年,在这么长的投资周期里,投资之初的商业模式可能半年后就改变了。但江山易改本性难移,人的因素 In addition to innovation, vision and courage, consider the founder there is a particularly important factor is the ability to learn VC and PE face different stages of business growth. PE business elements of the enterprise is basically complete, investors focus mainly on corporate income, profits and market growth. However, the study of VC start-ups are different, and their business elements can not see clearly. VC to judge the future growth of enterprises, we must consider the human factor. Early projects typically have an investment cycle of 5-7 years and in the long run, the business model for initial investment may change in half a year. But Jiangshan easy to change the nature of the shift, human factors