The average internal rate of return over the life of all venture capital funds since 1980 until the end of last year was 5.5 per cent, against 14.4 per cent for all buyout firms.
从1980年到去年年底，所有风险资本基金的终身平均内部回报率为5.5%，而全部收购型公司的内部回报率为14.4%。
For venture capital, as an entirely new mechanism of investment and financing, besides the unique internal operation system, a sound external environment is indispensable.
风险投资作为一种全新的投融资体制，除了有其独特的内部运行机制外，良好的外部环境也不可缺少。
For venture capital, as an entirely new mechanism of investment and financing, besides the unique internal operation system, a sound external environment is indispensable.
风险投资作为一种全新的投融资体制，除了有其独特的内部运行机制外，良好的外部环境也不可缺少。
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