一、美国风险投资的制度安排　　美国风险投资在20世纪80年代后期发展十分迅速，进入90年代后，更是如日中天。它的形成与发展是对传统融资方式的一种变革，是资本市场中产生的一种新的制度安排。担当美国风险投资这种新型制度安排的主体是有限合伙制的风险投资公司。80年代以 First, the United States venture capital system arrangements Venture capital in the United States in the 20th century, the rapid development of the late 1980s, into the 90’s, it is flourishing. Its formation and development are a kind of change to the traditional financing methods and a new institutional arrangement arising from the capital market. The main body of the new institutional arrangement that serves as venture capital in the United States is a limited partnership venture capital firm. 80’s with