What is VC, PE, LP, GP?

Angel Fund mainly focus on original project ideas and small start-up projects, the size of the investment is mostly under 3 million yuan; venture capital focuses on long-term investment in the start-up period, the size of 10 million yuan; private equity focuses on mature companies that can be listed in 3 years. VC is venture capital, on venture investment; PE is private Equity, private equity. Limited Partnership (LP) interpreter is a limited partnership. Limited partnership in the LP and GP:LP refers to the limited partner limited partner, is the money, only investment capital, but not to participate in the company's management GP refers to the general partner, generally partner, is responsible for investment management, In combination, a limited partnership is used in two ways. LP This institutional arrangement is financed by the owner of the funds to the trade operator, the investor as agreed to obtain a portion of the profits, but does not bear the loss beyond the capital contribution, if the operator does not have personal fault, the investor shall not ask the operator to be liable for the loss of his investment. Since 20th century, the main organizational form of venture capital Behavior is limited partnership (LP), and usually exists in the form of fund. The investor shall bear limited liability for the debt of the partnership, and the fund manager shall manage the Fund in the capacity of the general partner and assume unlimited liability for the debt of the partnership.

What is VC, PE, LP, GP?