第四部分提出证券公司参与风险投资上市退出阶段应研究的法律问题。
In the last part, I put forward the necessary study of the legal regulation in the process of withdrawal of the risk investment.
如果您实现了，那您简直是愚弄了自己，让自己相信自己已经退出了构建阶段。
If you are, you have simply fooled yourself into believing that you have exited the Construction phase.
有了ODC，我们可以根据不同的情形为每一个阶段编制退出标准，它允许我们在适当的时候查看更详细的缺陷情况。
With ODC, we can make up the exit criteria for each phase based on different situations, which will allow us to look for specific defects at the proper time.
也就是说，因为我们不清楚每个缺陷的“类型”每个阶段退出标准只能建立在全面通过率的基础上。
That is, because we don't know the "type" of each defect, the exit criteria for each phase can only be based on the overall pass rate.
在采用ODC之前，我们每个阶段的退出标准仅仅是根据测试用例的通过率来决定的。
Before adopting ODC, our exit criteria for each phase were only evaluated by the pass ratio of test cases.
应用程序的最后阶段是退出应用程序，或者预订其他航班。
The final phase of the application is to either log out or to book another flight.
里程碑处的可交付内容，是用来为各个工作阶段定义退出条件的最常用的机制。
Milestone deliverables are the most commonly used mechanisms to define exit criteria for each phase of work.
表1中显示了这个项目开发的阶段和相应的责任人，同时也包括最初在采取ODC方法之前的退出标准。
Our development phases and corresponding owners are shown in Table 1, which also shows the original exit criteria prior to adoption of the ODC method.
为每个阶段设置准确而详细的退出标准对于管理整个开发进度表是十分重要的。
Setting accurate and specific exit criteria for each phase is important to managing the whole development schedule.
每个阶段有它自己的退出点，它们是根据预先确定的退出标准来评估的。
Each phase has its exit point, which should be evaluated according to predefined exit criteria.
要退出精化阶段，团队必须经过生命周期架构（Lifecycle Architecture (LCA)）里程碑评审。
To exit the Elaboration phase the team must pass the Lifecycle Architecture (LCA) milestone review.
要退出构建阶段，我们必须通过初始操作能力(Initial Operational Capability (ioc))评审。
To exit the Construction phase we must pass the Initial Operational Capability (IOC) review.
一个阶段以来，人们所关心的意大利十年期债券收益率增长了到6.4%。希腊的退出将导致其它努力奋争的国家也离开。
At one stage, yields on Italian 10-year bonds rose to 6.4% amid concern that a Greek exit would lead to other struggling countries leaving.
因为在那个阶段的没有其它的代码了，这个程序将以一种比较好的方式自然地退出，请说？
And because there's nothing else in the code at that point, the program should just quit naturally in a good way. Yeah?
第三，一个迭代或者阶段的退出标准不完全。
Third, the "exit criteria" for an iteration or phase is not sufficient.
在变更波执行阶段的末尾，您的组织的生产力将根据变更波包的进入和退出标准显著地增加。
By the end of a change wave execution period your organization's productivity will have measurably increased based on the entrance and exit criteria of the change wave package.
欧盟在利比亚军事阶段已经感觉开始退出（现在主要讨论的是制裁处罚问题）。
The EU has felt sidelined in the military phase of the Libya crisis (it has been the main forum to discuss sanctions).
包括优势麦肯和PHD在内的网络公司在早期阶段就退出了比稿。
Networks including Universal McCann and PHD dropped out at earlier stages.
在行业直接环境方面：目前行业处于成长期向成熟期的过渡阶段，存在进入障碍，基本无退出障碍。
For the competitive environment of the industry, it's growing up towards maturity period, there are some entry barriers, almost without exit barriers.
奥美在智威汤逊退出竞标后，在为期六个月评审的最后阶段击败了灵智精实和扬罗必凯。
Ogilvy & Mather edged out Euro RSCG and Y&R in the final stages of the review after JWT departed the pitch.
产品生命周期是指产品随销售量与利润的变化从进入市场到退出市场的过程。它主要包括产品开发期、介绍期、成长期、成熟期与衰退期五个阶段。
Product life cycle: the course of a product's sales and profits over its lifetime. It involves five distinct stages: product development, introduction, growth, maturity, and decline.
因此，当风险资本伴随着企业走过最具风险的阶段后，必须有出口让其退出并进入下一个循环。
As a result, there must be an exit for VC to withdraw and enter into the next circle after the riskiest phase.
本文利用博弈论和信息经济学的理论知识，通过建立一个两阶段基本模型，给出了风险企业的退出条件。
According to the theory of game and information economics, the paper sets up a two-staged basic model, and gives conditions of disinvestment.
在风险项目终结阶段，风险投资公司决定撤出风险资金选择相应的退出渠道，并进行风险项目的最终评价。
During the terminating period of risk projects, a risk investment company will choose a proper receding way to withdraw its risk investment and conduct the final evaluation on the risk project.
在风险项目终结阶段，风险投资公司决定撤出风险资金选择相应的退出渠道，并进行风险项目的最终评价。
During the terminating period of risk projects, a risk investment company will choose a proper receding way to withdraw its risk investment and conduct the final evaluation on the risk project.
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