風(feng)(feng)險投(tou)資(zi)和天(tian)使(shi)投(tou)資(zi)的區別(bie) 風(feng)(feng)險投(tou)資(zi)和天(tian)使(shi)投(tou)資(zi)的3大區別(bie)

風險投資和(he)天使投資的(de)(de)區別(bie) 風險投資和(he)天使投資的(de)(de)3大區別(bie)

天使投資(zi)與風險投資(zi)有類似(si)的地(di)方，但也有明顯(xian)的區別，主(zhu)要有以下幾點：

風險(xian)投(tou)資和(he)(he)天(tian)使(shi)投(tou)資的(de)區別(bie)(bie) 風險(xian)投(tou)資和(he)(he)天(tian)使(shi)投(tou)資的(de)3大區別(bie)(bie)

風(feng)險(xian)投(tou)(tou)資(zi)(zi)(zi)和天(tian)使(shi)投(tou)(tou)資(zi)(zi)(zi)的區別(bie)一，風(feng)險(xian)投(tou)(tou)資(zi)(zi)(zi)是(shi)介于間(jian)接(jie)融(rong)資(zi)(zi)(zi)與(yu)直接(jie)融(rong)資(zi)(zi)(zi)之間(jian)的一種融(rong)資(zi)(zi)(zi)方式，天(tian)使(shi)投(tou)(tou)資(zi)(zi)(zi)是(shi)直接(jie)融(rong)資(zi)(zi)(zi)。風(feng)險(xian)投(tou)(tou)資(zi)(zi)(zi)是(shi)從(cong)其他人那里融(rong)資(zi)(zi)(zi)過來，然后進行投(tou)(tou)資(zi)(zi)(zi)，是(shi)進行代理投(tou)(tou)資(zi)(zi)(zi)，但(dan)同時(shi)風(feng)險(xian)投(tou)(tou)資(zi)(zi)(zi)參(can)與(yu)企業(ye)的資(zi)(zi)(zi)金投(tou)(tou)入(ru)和管理。天(tian)使(shi)投(tou)(tou)資(zi)(zi)(zi)是(shi)屬(shu)于直接(jie)融(rong)資(zi)(zi)(zi)的范圍，投(tou)(tou)資(zi)(zi)(zi)者的資(zi)(zi)(zi)金是(shi)直接(jie)投(tou)(tou)入(ru)的。

風(feng)險投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)和天(tian)(tian)使(shi)投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)的區別二，風(feng)險投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)家和天(tian)(tian)使(shi)投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)家在職能(neng)和收(shou)益方(fang)式上有(you)顯著(zhu)區別。風(feng)險投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)家是管(guan)(guan)理(li)和投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)其他人(ren)的錢(qian)，而(er)天(tian)(tian)使(shi)投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)家是管(guan)(guan)理(li)和投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)自己的錢(qian)。從職能(neng)上講，前者(zhe)是資(zi)(zi)(zi)(zi)金(jin)管(guan)(guan)理(li)者(zhe)，替資(zi)(zi)(zi)(zi)金(jin)所有(you)者(zhe)管(guan)(guan)理(li)資(zi)(zi)(zi)(zi)金(jin)；而(er)后者(zhe)既是資(zi)(zi)(zi)(zi)金(jin)管(guan)(guan)理(li)者(zhe)又是資(zi)(zi)(zi)(zi)金(jin)所有(you)者(zhe)。從收(shou)益方(fang)式看，前者(zhe)管(guan)(guan)理(li)別人(ren)的資(zi)(zi)(zi)(zi)金(jin)，因而(er)收(shou)獲一(yi)定的管(guan)(guan)理(li)費用，和一(yi)部(bu)分投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)利潤(run)；后者(zhe)沒(mei)有(you)管(guan)(guan)理(li)費用，而(er)獲得(de)全部(bu)的投(tou)(tou)(tou)資(zi)(zi)(zi)(zi)利潤(run)。

風險(xian)(xian)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)和天使(shi)(shi)(shi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)的(de)(de)(de)區(qu)別(bie)三，風險(xian)(xian)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)和天使(shi)(shi)(shi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)在投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)規(gui)模、投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)偏(pian)好(hao)、投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)風格和投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)成(cheng)本上(shang)均有不同程度的(de)(de)(de)區(qu)別(bie)。由(you)于風險(xian)(xian)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)的(de)(de)(de)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)金大都來源于機(ji)構投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)者(zhe)，因(yin)此(ci)其(qi)(qi)管理的(de)(de)(de)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)金數額較(jiao)大。與(yu)天使(shi)(shi)(shi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)相(xiang)(xiang)比(bi)，其(qi)(qi)每筆的(de)(de)(de)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)額度也相(xiang)(xiang)對(dui)較(jiao)高。相(xiang)(xiang)對(dui)天使(shi)(shi)(shi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)來講，風險(xian)(xian)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)的(de)(de)(de)規(gui)模較(jiao)大，其(qi)(qi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)也自然偏(pian)向于成(cheng)熟一(yi)些的(de)(de)(de)企業(ye)。一(yi)般地，風險(xian)(xian)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)將其(qi)(qi)全部投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)總額的(de)(de)(de)25%投(tou)(tou)(tou)(tou)(tou)入種子期或者(zhe)早期項目；而天使(shi)(shi)(shi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)卻有65%以(yi)上(shang)投(tou)(tou)(tou)(tou)(tou)入這些項目。從這個(ge)意(yi)義上(shang)來講，天使(shi)(shi)(shi)投(tou)(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)(zi)(zi)(zi)(zi)更具(ju)有“新興(xing)企業(ye)的(de)(de)(de)發動(dong)機(ji)”性質(zhi)。