The exit of venture capital:a survey

The exit of venture capital is the last stage of the operation of venture capital investment and the failure or success of venture capital investment depends largely on whether the venture capitalists can exit their investment successfully.At present time,the studies on the exit of venture capital of our academy are mainly concentrated on the establishment of the second board market.Based on foreign references,this paper tries to make a systimatic comment on the exit of venture capital, including five aspects such as the role of venture capitalists in IPO.