How does venture capital define the failure of the venture investment project?

&http://www.aliyun.com/zixun/aggregation/37954.html ">NBSP; In the past when talking to entrepreneurs about terms, people often pointed to the redemption clause said: "If we do not go on the market in 6 years, you also have the right to redeem the money, you are not a venture capital Ah, this is not a loan?" At that time, I always said in earnest: "In fact, the chance of this happening is very small, only after you have done 6 years, It can happen if you do it for 6 years without adding value or dying. Valuations have not increased by a single time, we only recover the point of principal, which for us even if the investment failed, we do not rely on a little interest to live, and 6 years you did not grow, you wasted 6 years of youth, not more failure; , you're not even 6 years dead, then there is no money to pay, you still worried about this? "We are really so 211.html" > > We think that the entrepreneurs with logical thinking ability can accept it, until later, we simply removed the redemption clause. Early entrepreneurship, by the success of the big projects, hundreds of times times the high return, rather than steady and slow growth and liquidation of the extra scores. So for us, the failure of the project is not worth the time and effort to help the project.

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