创意、创新、创业.ppt

Fractal：Art? Science?分形：艺术？科学？ Mona Lisa is not Smiling蒙娜利莎并没有笑 * * The nature of the ‘new’ economy has profound implications for the way the new business is financed. High-tech start-ups go through multiple funding rounds. Equity financing conventionally follows a trajectory from friends family, business angels, through venture capital (VC), to an initial public offering (IPO). Venture capital cannot finance innovation on its own. Too many VC funds remain unwilling to invest in high-tech start-ups in the early stage, often because they lack the investment appraisal capacity to act as ‘firs