{"id":24947,"date":"2025-02-18T08:27:23","date_gmt":"2025-02-18T08:27:23","guid":{"rendered":"https:\/\/digify.com\/?p=24947"},"modified":"2026-02-26T13:35:53","modified_gmt":"2026-02-26T13:35:53","slug":"calculating-communicating-fund-metrics","status":"publish","type":"post","link":"https:\/\/staging-x.digifyteam.com\/zh\/blog\/calculating-communicating-fund-metrics\/","title":{"rendered":"\u6295\u8d44\u8005\u5173\u7cfb\u8981\u70b9\uff1a\u8ba1\u7b97\u548c\u4ea4\u6d41\u57fa\u91d1\u6307\u6807\uff0c\u5efa\u7acb LP \u4fe1\u5fc3"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"24947\" class=\"elementor elementor-24947\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ad8004 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ad8004\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6d70de\" data-id=\"a6d70de\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b5512fc elementor-widget elementor-widget-heading\" data-id=\"b5512fc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u57fa\u91d1\u7ee9\u6548\u6307\u6807\u4ecb\u7ecd<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5588745 elementor-widget elementor-widget-text-editor\" data-id=\"5588745\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u62a5\u544a\u00a0<span style=\"font-weight: bold;\">\u57fa\u91d1\u4e1a\u7ee9\u6307\u6807<\/span>\u00a0\u51c6\u786e\u7684\u6570\u636e\u5bf9\u4e8e\u505a\u51fa\u660e\u667a\u7684\u6295\u8d44\u51b3\u7b56\u81f3\u5173\u91cd\u8981\u3002\u8fd9\u5728\u98ce\u9669\u6295\u8d44\uff08VC\uff09\u9886\u57df\u5c24\u4e3a\u5982\u6b64\uff0c\u56e0\u4e3a\u673a\u6784\u6295\u8d44\u8005\u3001\u5bb6\u65cf\u529e\u516c\u5ba4\u548c\u9ad8\u51c0\u503c\u4e2a\u4eba\u90fd\u4f9d\u8d56\u6e05\u6670\u4e00\u81f4\u7684\u6570\u636e\u6765\u8bc4\u4f30\u5176\u6295\u8d44\u7684\u6f5c\u529b\u548c\u8fdb\u5c55\u3002.<\/p><p>\u65e0\u8bba\u60a8\u662f\u6295\u8d44\u8005\u5173\u7cfb\u56e2\u961f\u7684\u4e00\u5458\uff0c\u8fd8\u662f\u57fa\u91d1\u7ecf\u7406\u6216\u8d22\u52a1\u987e\u95ee\uff0c\u60a8\u90fd\u9700\u8981\u5728\u8fd9\u4e9b\u5173\u952e\u6307\u6807\u65b9\u9762\u6253\u4e0b\u575a\u5b9e\u7684\u57fa\u7840--\u4ee5\u53ca\u6709\u6548\u7684\u6c9f\u901a\u65b9\u5f0f\u3002\u4ece\u6ee1\u8db3\u76d1\u7ba1\u8981\u6c42\u5230\u4e0e\u6709\u9650\u5408\u4f19\u4eba\uff08LP\uff09\u5efa\u7acb\u4fe1\u4efb\uff0c\u4ee5\u4e0b\u662f\u5982\u4f55\u786e\u4fdd\u60a8\u7684\u57fa\u91d1\u4e1a\u7ee9\u62a5\u544a\u8131\u9896\u800c\u51fa\u7684\u65b9\u6cd5\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-823e2bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"823e2bb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-018c6f0\" data-id=\"018c6f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-367db4c elementor-widget elementor-widget-heading\" data-id=\"367db4c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u76d1\u7ba1\u8981\u6c42\u548c\u884c\u4e1a\u6807\u51c6<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51961fc elementor-widget elementor-widget-text-editor\" data-id=\"51961fc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>1.\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u7684\u62a5\u544a\u8981\u6c42<\/b><\/p><p>\u5982\u679c\u60a8\u7ecf\u8425\u7684\u662f\u6ce8\u518c\u57fa\u91d1\uff0c\u60a8\u53ef\u80fd\u9700\u8981\u63d0\u4ea4\u6708\u5ea6\u6216\u5b63\u5ea6\u62a5\u544a\u3002\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u8981\u6c42\u67d0\u4e9b\u57fa\u91d1\u5728\u6bcf\u6708\u7ed3\u675f\u540e 30 \u5929\u5185\u4ee5 N-PORT \u8868\u683c\u7684\u5f62\u5f0f\u63d0\u4ea4\u6295\u8d44\u7ec4\u5408\u62a5\u544a\u3002.<\/p><p><b>2.ILPA\uff08\u673a\u6784\u6709\u9650\u5408\u4f19\u4eba\u534f\u4f1a\uff09\u51c6\u5219<\/b><\/p><p>ILPA \u53d1\u5e03\u6700\u4f73\u5b9e\u8df5\uff0c\u9f13\u52b1\u79c1\u52df\u80a1\u6743\u6295\u8d44\u7684\u6807\u51c6\u5316\u548c\u900f\u660e\u5316\u3002\u8fd9\u4e9b\u51c6\u5219\u6d89\u53ca\u8d44\u672c\u50ac\u7f34\u3001\u5206\u914d\u901a\u77e5\u548c\u4e1a\u7ee9\u62a5\u544a\u7684\u5efa\u8bae\u683c\u5f0f\u3002.<\/p><p><b>3.GIPS\uff08\u5168\u7403\u6295\u8d44\u7ee9\u6548\u6807\u51c6\uff09<\/b><\/p><p>\u5168\u7403\u6295\u8d44\u7ee9\u6548\u6807\u51c6\uff08GIPS\uff09\u662f\u7279\u8bb8\u91d1\u878d\u5206\u6790\u5e08\u534f\u4f1a\u5236\u5b9a\u7684\u4e00\u5957\u9053\u5fb7\u539f\u5219\u3002\u5982\u679c\u60a8\u58f0\u79f0\u7b26\u5408\u6807\u51c6\uff0c\u901a\u5e38\u5fc5\u987b\u63d0\u4f9b\u81f3\u5c11\u4e94\u5e74\u7684\u5ba1\u8ba1\u4e1a\u7ee9\uff0c\u4ee5\u786e\u4fdd\u62a5\u544a\u65b9\u6cd5\u4fdd\u6301\u4e00\u81f4\u548c\u53ef\u6bd4\u6027\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2e344bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e344bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e1ef1cb\" data-id=\"e1ef1cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbd782e elementor-widget elementor-widget-heading\" data-id=\"bbd782e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u81ea\u7531\u515a\u5bf9\u900f\u660e\u5ea6\u548c\u51c6\u786e\u6027\u7684\u671f\u671b<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-477a8e3 elementor-widget elementor-widget-text-editor\" data-id=\"477a8e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5982\u4eca\u7684 LP \u8d8a\u6765\u8d8a\u590d\u6742\uff0c\u8981\u6c42\u5982\u4e0b\uff1a<\/p><ul><li><b>\u5728\u5176\u6295\u8d44\u7ec4\u5408\u4e2d\u63d0\u4f9b\u4e00\u81f4\u7684\u62a5\u544a<\/b> \u4ee5\u4fbf\u4e8e\u5feb\u901f\u6bd4\u8f83\u3002.<\/li><li><b>\u5f52\u56e0\u5206\u6790<\/b> \u4ee5\u4e86\u89e3\u6bcf\u9879\u6295\u8d44\u5982\u4f55\u63a8\u52a8\u6574\u4f53\u56de\u62a5\u3002.<\/li><li><b>\u8ddf\u8e2a\u8bb0\u5f55\u6838\u67e5<\/b> \u4ee5\u786e\u8ba4\u5386\u53f2\u7ee9\u6548\u6570\u636e\u7684\u51c6\u786e\u6027\u3002.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b36a633 elementor-widget elementor-widget-text-editor\" data-id=\"b36a633\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u6ee1\u8db3\u8fd9\u4e9b\u671f\u671b\u6709\u52a9\u4e8e\u60a8\u4e3a\u57fa\u91d1\u672a\u6765\u7684\u52df\u8d44\u5b9a\u4f4d\u3002\u826f\u597d\u7684\u4e1a\u7ee9\u8bb0\u5f55\u3001\u7ecf\u8bc1\u5b9e\u7684\u4e1a\u7ee9\u6301\u7eed\u6027\uff0c\u4ee5\u53ca\u4e0e\u540c\u884c\u76f8\u6bd4\u5c55\u793a\u7a33\u5065\u56de\u62a5\u7684\u80fd\u529b\uff0c\u90fd\u4f1a\u5f71\u54cd\u540e\u7eed\u5de5\u5177\u7684\u89c4\u6a21\u548c\u6761\u4ef6\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f73d29f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f73d29f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6dd59e4\" data-id=\"6dd59e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-641fcfd elementor-widget elementor-widget-heading\" data-id=\"641fcfd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u4e0e\u5229\u76ca\u6538\u5173\u65b9\u5efa\u7acb\u4fe1\u4efb<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02e07d4 elementor-widget elementor-widget-text-editor\" data-id=\"02e07d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u57fa\u91d1\u4e1a\u7ee9\u6307\u6807\u4e0d\u4ec5\u4ec5\u662f\u6570\u5b57\uff0c\u8fd8\u662f\u8bb2\u6545\u4e8b\u548c\u5efa\u7acb\u4fe1\u4efb\u7684\u5de5\u5177\u3002.<\/p><ul><li><b>\u59cb\u7ec8\u5982\u4e00\u7684\u6c9f\u901a<\/b> \u5373\u4f7f\u5728\u5145\u6ee1\u6311\u6218\u7684\u65f6\u671f\uff0c\u4e5f\u80fd\u8ba9 LP \u653e\u5fc3\u3002.<\/li><li><b>\u7ee9\u6548\u53d8\u5316\u7684\u80cc\u666f<\/b> \u5e2e\u52a9 LP \u8d85\u8d8a\u5355\u4e00\u65f6\u95f4\u70b9\u3002.<\/li><li><b>\u671f\u671b\u7ba1\u7406<\/b> \u4e0e\u6295\u8d44\u8005\u5efa\u7acb\u66f4\u5065\u5eb7\u3001\u66f4\u900f\u660e\u7684\u5173\u7cfb\u3002.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69a3481 elementor-widget elementor-widget-text-editor\" data-id=\"69a3481\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5728\u672c\u6587\u4e2d\uff0c\u6211\u4eec\u5c06\u63a2\u8ba8\u7528\u4e8e\u8bc4\u4f30\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u4e1a\u7ee9\u7684\u4e3b\u8981\u91cf\u5316\u6307\u6807\uff0c\u5305\u62ec\u5185\u90e8\u6536\u76ca\u7387\u3001DPI\u3001TVPI\u3001RVPI \u548c MOIC\u3002\u6211\u4eec\u8fd8\u5c06\u5c55\u793a\u8fd9\u4e9b\u6307\u6807\u5728\u57fa\u91d1\u751f\u547d\u5468\u671f\u4e2d\u7684\u53d8\u5316\uff0c\u6982\u8ff0\u4e0e LP \u6c9f\u901a\u7684\u6700\u4f73\u5b9e\u8df5\uff0c\u5e76\u91cd\u70b9\u4ecb\u7ecd Digify \u5982\u4f55\u5e2e\u52a9\u7b80\u5316\u6574\u4e2a\u62a5\u544a\u6d41\u7a0b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd2b85c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd2b85c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-06814da\" data-id=\"06814da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bcc530 elementor-widget elementor-widget-heading\" data-id=\"3bcc530\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u4e3b\u8981\u57fa\u91d1\u7ee9\u6548\u6307\u6807\u53ca\u5176\u8ba1\u7b97\u65b9\u6cd5<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1252e01 elementor-widget elementor-widget-heading\" data-id=\"1252e01\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1.\u5185\u90e8\u6536\u76ca\u7387\uff08IRR\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2daa31a elementor-widget elementor-widget-text-editor\" data-id=\"2daa31a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u4e49\u548c\u516c\u5f0f<br \/><\/b>\u5185\u90e8\u6536\u76ca\u7387\uff08IRR\uff09\u662f\u5c06\u6240\u6709\u73b0\u91d1\u6d41\uff08\u5305\u62ec\u6d41\u5165\u548c\u6d41\u51fa\uff09\u7684\u51c0\u73b0\u503c\uff08NPV\uff09\u8bbe\u4e3a\u96f6\u7684\u8d34\u73b0\u7387\u3002\u7528\u6570\u5b66\u8868\u8fbe\u5c31\u662f<\/p><p><em>0 = cf\u2080 + cf\u2081\/(1+irr) + cf\u2082\/(1+irr)\u00b2 + ... + cf\u2099\/(1+irr)\u207f<\/em><\/p><p>CF = \u7279\u5b9a\u65f6\u95f4\u95f4\u9694\u5185\u7684\u73b0\u91d1\u6d41 (i)<br \/>n = \u4ee5\u5e74\u4e3a\u5355\u4f4d\u7684\u603b\u65f6\u95f4<\/p><p><b>\u4e3a\u4f55\u91cd\u8981<br \/><\/b>\u5185\u90e8\u6536\u76ca\u7387\u63d0\u4f9b\u7684\u662f\u5e74\u5316\u6536\u76ca\u7387\uff0c\u540c\u65f6\u8003\u8651\u4e86\u73b0\u91d1\u6d41\u7684\u65f6\u95f4\u548c\u89c4\u6a21\u3002\u5b83\u6709\u52a9\u4e8e LP \u4e86\u89e3\u57fa\u91d1\u6295\u8d44\u7684\u589e\u957f\u901f\u5ea6\u3002.<\/p><p><b>\u987b\u77e5<\/b><\/p><ul><li><b>\u4e2d\u671f\u4e0e\u6700\u7ec8\u5185\u90e8\u6536\u76ca\u7387\uff1a<\/b> \u5728\u57fa\u91d1\u6d3b\u52a8\u671f\u95f4\uff0c\u4e2d\u671f\u5185\u90e8\u6536\u76ca\u7387\u5305\u62ec\u5df2\u5b9e\u73b0\u548c\u672a\u5b9e\u73b0\u7684\u6536\u76ca\u3002\u6700\u7ec8\u5185\u90e8\u6536\u76ca\u7387\u4ec5\u53cd\u6620\u57fa\u91d1\u5173\u95ed\u540e\u7684\u5df2\u5b9e\u73b0\u6536\u76ca\u3002.<\/li><li><b>\u4fe1\u8d37\u673a\u5236\uff1a<\/b> \u5982\u679c\u57fa\u91d1\u4f7f\u7528\u4fe1\u8d37\u989d\u5ea6\u6765\u5ef6\u8fdf\u8d44\u672c\u53ec\u56de\uff0c\u5185\u90e8\u6536\u76ca\u7387\u5c31\u4f1a\u88ab\u4eba\u4e3a\u5938\u5927\u3002\u73b0\u91d1\u6d41\u7684\u65f6\u95f4\u53d1\u751f\u53d8\u5316\uff0c\u4e5f\u4f1a\u5728\u77ed\u671f\u5185\u63d0\u9ad8\u5185\u90e8\u6536\u76ca\u7387\u3002.<\/li><li><b>\u65e9\u671f\u57fa\u91d1\u751f\u6d3b\uff1a<\/b> \u7b2c 1-4 \u5e74\uff08\u201c\u6b7b\u4ea1\u8c37\u201d\uff09\u7684\u5185\u90e8\u6536\u76ca\u7387\u901a\u5e38\u4e3a\u8d1f\u503c\uff0c\u56e0\u4e3a\u8d44\u672c\u6d41\u51fa\u8d85\u8fc7\u4e86\u4efb\u4f55\u5206\u914d\u3002.<\/li><\/ul><p><b>\u793a\u4f8b<\/b><br \/>\u5047\u8bbe\u60a8\u4eca\u5929\u6295\u8d44 $5,000\uff0c\u7b2c 1 \u5e74\u672b\u6536\u5230 $2,000\uff0c\u7b2c 2 \u5e74\u672b\u6536\u5230 $3,000\uff0c\u7b2c 3 \u5e74\u672b\u6536\u5230 $2,000\u3002\u5c06\u8fd9\u4e9b\u6d41\u91cf\u8f93\u5165\u5185\u90e8\u6536\u76ca\u7387\u516c\u5f0f\uff0c\u5f97\u51fa\u7684\u5e74\u5185\u90e8\u6536\u76ca\u7387\u7ea6\u4e3a 15%\u3002.<\/p><p><b>\u663e\u793a\u7684\u5185\u5bb9<br \/><\/b>\u5185\u90e8\u6536\u76ca\u7387\u63ed\u793a\u4e86\u4e00\u9879\u6295\u8d44\u6309\u65f6\u95f4\u8c03\u6574\u540e\u7684\u76c8\u5229\u60c5\u51b5\uff0c\u56e0\u6b64\u6210\u4e3a LP \u8bc4\u4f30\u591a\u4e2a\u57fa\u91d1\u6216\u6295\u8d44\u673a\u4f1a\u65f6\u7684\u9996\u9009\u6570\u5b57\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6e97a6 elementor-widget elementor-widget-heading\" data-id=\"f6e97a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2.\u5b9e\u6536\u8d44\u672c\u5206\u914d\uff08DPI\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04ee383 elementor-widget elementor-widget-text-editor\" data-id=\"04ee383\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u4e49\u548c\u516c\u5f0f<br \/><\/b>DPI \u8861\u91cf\u7684\u662f\uff0c\u76f8\u5bf9\u4e8e\u6295\u8d44\u8005\u7684\u51fa\u8d44\u989d\uff0c\u6709\u591a\u5c11\u73b0\u91d1\u8fd4\u8fd8\u7ed9\u4e86\u6295\u8d44\u8005\u3002\u8ba1\u7b97\u516c\u5f0f\u5982\u4e0b<\/p><p><em>DPI = \u7d2f\u8ba1\u6d3e\u606f\/\u5b9e\u6536\u8d44\u672c<\/em><\/p><p><b>\u4e3a\u4f55\u91cd\u8981<br \/><\/b>DPI \u662f\u6700\u5177\u4f53\u7684\u6307\u6807\u4e4b\u4e00\uff1a\u5b83\u5173\u6ce8\u7684\u662f\u8fd4\u8fd8\u7ed9\u6295\u8d44\u8005\u7684\u5b9e\u9645\u73b0\u91d1\u3002DPI \u8d85\u8fc7 1.0x \u8868\u660e\u6295\u8d44\u8005\u81f3\u5c11\u6536\u56de\u4e86\u521d\u59cb\u6295\u8d44\u3002.<\/p><p><b>\u987b\u77e5<\/b><\/p><ul><li><b>\u9000\u8fd8\u6761\u6b3e\uff1a<\/b> \u8fd9\u4e9b\u89c4\u5b9a\u5728\u4ee5\u4e0b\u60c5\u51b5\u4e0b\u4e3a\u81ea\u7531\u804c\u4e1a\u8005\u63d0\u4f9b\u4fdd\u969c <b>\u7ed3\u8f6c\u5229\u606f\u8fc7\u9ad8<\/b> \u63d0\u524d\u5206\u914d\u3002\u5982\u679c GP \u7684\u6700\u7ec8\u4e1a\u7ee9\u672a\u8fbe\u5230\u67d0\u4e9b\u4e34\u754c\u503c\uff0cGP \u53ef\u80fd\u9700\u8981\u8fd4\u8fd8\u5176\u90e8\u5206\u7ed3\u8f6c\u6743\u76ca\u3002.<\/li><li><b>GP \u56de\u9988\uff1a<\/b> \u5982\u679c\u57fa\u91d1\u8868\u73b0\u4e0d\u4f73\uff0cGP \u53ef\u80fd\u4f1a\u8fd4\u8fd8\u90e8\u5206\u5229\u6da6\uff0c\u4ee5\u786e\u4fdd\u516c\u5e73\u5206\u914d\u3002.<\/li><\/ul><p><b>\u793a\u4f8b<\/b><br \/>\u5982\u679c\u57fa\u91d1\u603b\u5171\u53ec\u52df\u4e86 $1 \u4ebf\u7f8e\u5143\uff0c\u5e76\u5728\u4e00\u6bb5\u65f6\u95f4\u5185\u5411 LP \u56de\u62a5\u4e86 $1.6 \u4ebf\u7f8e\u5143\uff0c\u5219\u5176 DPI \u4e3a <b>1.6x<\/b>.<\/p><p><b>\u663e\u793a\u7684\u5185\u5bb9<br \/><\/b>DPI \u53cd\u6620\u7684\u662f LP \u53e3\u888b\u91cc\u7684\u771f\u91d1\u767d\u94f6\uff0c\u56e0\u6b64\u662f\u8861\u91cf\u57fa\u91d1\u8fc4\u4eca\u4e3a\u6b62\u6210\u529f\u4e0e\u5426\u7684\u76f4\u63a5\u6807\u51c6\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34f29b7 elementor-widget elementor-widget-heading\" data-id=\"34f29b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3.\u5b9e\u6536\u8d44\u672c\u603b\u503c\uff08TVPI\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a28568a elementor-widget elementor-widget-text-editor\" data-id=\"a28568a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u4e49\u548c\u516c\u5f0f<br \/><\/b>TVPI \u5305\u62ec\u5df2\u5b9e\u73b0\u548c\u672a\u5b9e\u73b0\u7684\u56de\u62a5\uff1a<\/p><p><em>TVPI =\uff08\u5f53\u524d\u8d44\u4ea7\u51c0\u503c + \u5206\u914d\u603b\u989d\uff09\/ \u5b9e\u6536\u8d44\u672c\u603b\u989d<\/em><\/p><p><b>\u4e3a\u4f55\u91cd\u8981<br \/><\/b>\u4e0e\u53ea\u5173\u6ce8\u5df2\u5206\u914d\u73b0\u91d1\u7684 DPI \u4e0d\u540c\uff0cTVPI \u5305\u62ec\u672a\u5b9e\u73b0\u6295\u8d44\u7684\u6f5c\u5728\u4e0a\u6da8\u7a7a\u95f4\u3002\u5b83\u80fd\u66f4\u5e7f\u6cdb\u5730\u53cd\u6620\u57fa\u91d1\u7684\u6574\u4f53\u8868\u73b0\u3002.<\/p><p><b>\u987b\u77e5<\/b><\/p><ul><li><b>\u518d\u751f\u8d44\u672c\uff1a<\/b> \u5982\u679c\u57fa\u91d1\u5c06\u5206\u914d\u7684\u8d44\u91d1\u518d\u6295\u8d44\u4e8e\u65b0\u7684\u6216\u73b0\u6709\u7684\u6295\u8d44\u7ec4\u5408\u516c\u53f8\uff0c\u8fd9\u79cd\u518d\u5faa\u73af\u65e2\u5f71\u54cd\u5206\u5b50\uff08\u5982\u679c\u5b83\u63d0\u9ad8\u4e86\u8d44\u4ea7\u51c0\u503c\uff09\uff0c\u4e5f\u5f71\u54cd\u5206\u6bcd\uff08\u5982\u679c\u5b83\u589e\u52a0\u4e86\u5b9e\u6536\u8d44\u672c\uff09\u3002.<\/li><li><b>\u77ed\u671f\u4e0e\u957f\u671f\uff1a<\/b> \u65e9\u671f\u7684\u9ad8 TVPI \u53ef\u80fd\u4e3b\u8981\u662f\u7eb8\u9762\u6536\u76ca\uff0c\u800c\u8f83\u4f4e\u7684 TVPI \u53ef\u80fd\u65e0\u6cd5\u5145\u5206\u53cd\u6620\u4ecd\u5904\u4e8e\u6210\u957f\u9636\u6bb5\u7684\u57fa\u91d1\u3002.<\/li><\/ul><p><b>\u793a\u4f8b<\/b><br \/>\u5982\u679c\u60a8\u7684\u57fa\u91d1\u5f53\u524d\u51c0\u503c\u4e3a $.1 \u4ebf\u7f8e\u5143\uff0c\u60a8\u5df2\u5411 LP \u5206\u914d\u4e86 $.6 \u4ebf\u7f8e\u5143\uff0c\u800c\u4ed6\u4eec\u603b\u5171\u51fa\u8d44 $.1 \u4ebf\u7f8e\u5143\uff0c\u5219\u60a8\u7684 TVPI \u4e3a\u00a0<\/p><p><em>TVPI=(100+60)100=1.6xTVPI=100(100+60) =1.6x<\/em><\/p><p><b>\u663e\u793a\u7684\u5185\u5bb9<br \/><\/b>TVPI \u53ef\u4ee5\u5e2e\u52a9 LP \u8bc4\u4f30\u4ed6\u4eec\u5df2\u7ecf\u83b7\u5f97\u7684\u56de\u62a5\u4ee5\u53ca\u57fa\u91d1\u6295\u8d44\u7ec4\u5408\u7684\u672a\u6765\u6f5c\u529b\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00697ae elementor-widget elementor-widget-heading\" data-id=\"00697ae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4.\u5b9e\u6536\u8d44\u672c\u5269\u4f59\u4ef7\u503c\uff08RVPI\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ed91de elementor-widget elementor-widget-text-editor\" data-id=\"0ed91de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u4e49\u548c\u516c\u5f0f<br \/><\/b>RVPI \u8861\u91cf\u672a\u5b9e\u73b0\u7684\u6536\u76ca\uff0c\u6216 \u201c\u7eb8\u9762\u4e0a\u7684 \u201d\u6536\u76ca\uff1a<\/p><p><em>RVPI = \u8d44\u4ea7\u51c0\u503c\/\u5b9e\u6536\u8d44\u672c<\/em><\/p><p><i>(\u6709\u4e9b\u8d44\u6599\u4e2d\u7684\u516c\u5f0f\u662f\u76f8\u53cd\u7684\uff0c\u4f46\u6982\u5ff5\u662f\u4e00\u6837\u7684\uff09\u3002<\/i><\/p><p><b>\u4e3a\u4f55\u91cd\u8981<br \/><\/b>RVPI \u663e\u793a\u57fa\u91d1\u6295\u8d44\u4e2d\u4ecd\u672a\u5b9e\u73b0\u7684\u90e8\u5206\u3002LP \u5229\u7528\u5b83\u6765\u4e86\u89e3\u6709\u591a\u5c11\u4ef7\u503c\u4ecd\u88ab\u6346\u7ed1\u5728\u6d3b\u8dc3\u6216\u90e8\u5206\u9000\u51fa\u7684\u5934\u5bf8\u4e0a\u3002.<\/p><p><b>\u987b\u77e5<\/b><\/p><ul><li><b>\u65e9\u5e74\u4e0e\u665a\u5e74<\/b> \u5728\u57fa\u91d1\u751f\u547d\u5468\u671f\u7684\u65e9\u671f\uff0cRVPI \u5f80\u5f80\u8f83\u9ad8\uff0c\u56e0\u4e3a\u5927\u90e8\u5206\u8d44\u672c\u4ecd\u5728\u8fd0\u4f5c\uff0c\u4ecd\u672a\u53d8\u73b0\u3002\u5982\u679c\u5728\u57fa\u91d1\u8fdb\u5165\u751f\u547d\u5468\u671f\u540e\uff0cRVPI \u4ecd\u5c45\u9ad8\u4e0d\u4e0b\uff0c\u8fd9\u53ef\u80fd\u9884\u793a\u7740\u9000\u51fa\u901f\u5ea6\u4f1a\u653e\u6162\u3002.<\/li><li><b>\u4f30\u503c\u65b9\u6cd5\uff1a<\/b> \u7531\u4e8e RVPI \u53d6\u51b3\u4e8e <b>\u8d44\u4ea7\u51c0\u503c<\/b>, \u8fd9\u53d6\u51b3\u4e8e GP \u5982\u4f55\u5bf9\u76f8\u5173\u6295\u8d44\u7ec4\u5408\u516c\u53f8\u8fdb\u884c\u4f30\u503c\u3002\u4fdd\u5b88\u4e0e\u6fc0\u8fdb\u7684\u4f30\u503c\u4f1a\u5bf9\u8fd9\u4e00\u6570\u5b57\u4ea7\u751f\u91cd\u5927\u5f71\u54cd\u3002.<\/li><\/ul><p><b>\u793a\u4f8b<\/b><br \/>\u5982\u679c LP \u51fa\u8d44 $7.5\uff0c\u800c\u57fa\u91d1\u51c0\u503c\u4e3a $1.5\uff0c\u5219 RVPI \u4e3a 2.0x\uff0c\u8fd9\u8868\u660e\u4e24\u500d\u7684\u51fa\u8d44\u8d44\u672c\u4ecd\u5728\u7eb8\u4e0a\u3002.<\/p><p><b>\u663e\u793a\u7684\u5185\u5bb9<br \/><\/b>RVPI \u53ef\u8ba9\u6295\u8d44\u8005\u4e86\u89e3\u5176\u8d44\u672c\u4e2d\u4ecd\u6709\u591a\u5c11\u8d44\u91d1\u7528\u4e8e\u6295\u8d44\u3002\u5b83\u9884\u793a\u7740\u672a\u6765\u53ef\u80fd\u7684\u9000\u51fa\u548c\u5206\u914d\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6868aaa elementor-widget elementor-widget-heading\" data-id=\"6868aaa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5.\u6295\u8d44\u8d44\u672c\u500d\u6570\uff08MOIC\uff09<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d7577e elementor-widget elementor-widget-text-editor\" data-id=\"1d7577e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u5b9a\u4e49\u548c\u516c\u5f0f<br \/><\/b>MOIC \u8861\u91cf\u539f\u59cb\u6295\u8d44\u7684\u500d\u6570\uff1a<\/p><p><i>MOIC = \u603b\u4ef7\u503c\/\u6295\u8d44\u8d44\u672c<\/i><\/p><p><b>\u4e3a\u4f55\u91cd\u8981<br \/><\/b>MOIC \u662f\u5bf9\u6536\u76ca\u7684\u76f4\u63a5\u6982\u62ec\uff0c\u5c24\u5176\u9002\u7528\u4e8e\u6bd4\u8f83\u6295\u8d44\u7ec4\u5408\u4e2d\u7684\u5355\u4e2a\u4ea4\u6613\u3002\u5b83\u53ef\u4ee5\u7ec6\u5206\u4e3a\u6bdb MOIC\uff08\u4e0d\u5305\u62ec\u8d39\u7528\uff09\u548c\u51c0 MOIC\uff08\u5305\u62ec\u8d39\u7528\uff09\u3002.<\/p><p><b>\u987b\u77e5<\/b><\/p><ul><li><b>\u8d27\u5e01\u7684\u65f6\u95f4\u4ef7\u503c\uff1a<\/b> MOIC \u6ca1\u6709\u8003\u8651\u65f6\u95f4\u56e0\u7d20\uff0c\u56e0\u6b64\u4e24\u5e74\u5185\u5b9e\u73b0\u7684 3.0 \u500d\u4e0e\u5341\u5e74\u5185\u5b9e\u73b0\u7684 3.0 \u500d\u6709\u5f88\u5927\u4e0d\u540c\u3002.<\/li><li><b>\u672a\u5b9e\u73b0\u4ef7\u503c\uff1a<\/b> MOIC \u53ef\u80fd\u5305\u62ec\u5bf9\u6d3b\u8dc3\u6295\u8d44\u7684\u4f30\u503c\uff0c\u56e0\u6b64\u8d44\u4ea7\u51c0\u503c\u7684\u4efb\u4f55\u4e0d\u51c6\u786e\u90fd\u4f1a\u5f71\u54cd\u7ed3\u679c\u3002.<\/li><\/ul><p><b>\u793a\u4f8b<\/b><br \/>\u5982\u679c\u60a8\u5411\u4e00\u5bb6\u521d\u521b\u4f01\u4e1a\u6295\u8d44 $50,000\uff0c\u800c\u60a8\u76ee\u524d\u7684\u4f30\u503c\u52a0\u5206\u914d\u603b\u989d\u4e3a $150,000\uff0c\u5219\u60a8\u7684 MOIC \u4e3a 3.0 \u500d\u3002.<\/p><p><b>\u663e\u793a\u7684\u5185\u5bb9<br \/><\/b>MOIC \u53ef\u4ee5\u5feb\u901f\u53cd\u6620\u54ea\u4e9b\u6295\u8d44\u56de\u62a5\u6700\u9ad8\u3002\u4e0d\u8fc7\uff0c\u5b83\u5fc5\u987b\u4e0e\u65f6\u6548\u6027\u6307\u6807\uff08\u5982\u5185\u90e8\u6536\u76ca\u7387\uff09\u642d\u914d\u4f7f\u7528\uff0c\u624d\u80fd\u63d0\u4f9b\u5b8c\u6574\u7684\u7ee9\u6548\u89c6\u56fe\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-228b697 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"228b697\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0431ad\" data-id=\"e0431ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3872eff elementor-widget elementor-widget-heading\" data-id=\"3872eff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u57fa\u91d1\u751f\u547d\u5468\u671f\u5185\u7684\u57fa\u91d1\u7ee9\u6548\u6307\u6807<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e6183e elementor-widget elementor-widget-heading\" data-id=\"2e6183e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">J \u66f2\u7ebf\u6548\u5e94<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cbb1f4 elementor-widget elementor-widget-text-editor\" data-id=\"7cbb1f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5728 <b>\u79c1\u52df\u80a1\u6743<\/b> \u548c <b>\u98ce\u9669\u6295\u8d44<\/b>, \u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u57fa\u91d1\u5f80\u5f80\u5448\u73b0\u51fa \u201cJ \u66f2\u7ebf\u201d\uff0c\u5373\u6700\u521d\u7684\u6536\u76ca\u4e3a\u8d1f\u6570\uff08\u7531\u4e8e\u8bbe\u7acb\u6210\u672c\u548c\u975e\u751f\u4ea7\u6027\u8d44\u672c\u652f\u51fa\uff09\uff0c\u5982\u679c\u6210\u529f\uff0c\u5219\u5728\u4ee5\u540e\u51e0\u5e74\u5448\u4e0a\u5347\u8d8b\u52bf\u3002.<\/p><p><b>\u7b2c 1-4 \u5e74\uff1a\u6784\u5efa\u6295\u8d44\u7ec4\u5408<\/b><\/p><ul><li><b>\u65e9\u671f\u8d1f\u6536\u76ca<\/b>:\u5728\u6700\u521d\u51e0\u5e74\uff0c\u57fa\u91d1\u9700\u8981\u652f\u4ed8\u7ba1\u7406\u8d39\u3001\u5f8b\u5e08\u8d39\u548c\u5c3d\u804c\u8c03\u67e5\u8d39\u3002.<\/li><li><b>\u4fdd\u5b88\u4f30\u503c<\/b>:\u5982\u679c\u65e9\u671f\u6295\u8d44\u7684\u4e1a\u7ee9\u4e0d\u80fd\u7acb\u5373\u663e\u73b0\uff0c\u5219\u53ef\u5c06\u5176\u51cf\u8bb0\u3002.<\/li><li><b>\u53d7\u5f71\u54cd\u7684\u6307\u6807<\/b>:<ul><li>\u5185\u90e8\u6536\u76ca\u7387\uff1a\u901a\u5e38\u4e3a\u8d1f\u503c\u3002.<\/li><li>DPI\uff1a\u901a\u5e38\u4e3a\u96f6\uff0c\u56e0\u4e3a\u9000\u51fa\u5c1a\u672a\u53d1\u751f\u3002.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6cd6dd elementor-widget elementor-widget-text-editor\" data-id=\"f6cd6dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>\u7b2c 4-7 \u5e74\uff1a\u521b\u9020\u4ef7\u503c<\/b><\/p><ul><li><b>\u4e1a\u52a1\u6539\u8fdb<\/b>:\u6295\u8d44\u7ec4\u5408\u516c\u53f8\u5f00\u59cb\u6210\u719f\uff0c\u4ee5\u66f4\u9ad8\u7684\u4f30\u503c\u8fdb\u884c\u65b0\u4e00\u8f6e\u878d\u8d44\u3002.<\/li><li><b>\u63d0\u524d\u9000\u51fa<\/b>:\u4e00\u4e9b\u6210\u529f\u7684\u6295\u8d44\u53ef\u80fd\u4f1a\u51fa\u552e\u83b7\u5229\uff0c\u4ece\u800c\u589e\u52a0\u5206\u914d\u3002.<\/li><li><b>\u53d7\u5f71\u54cd\u7684\u6307\u6807<\/b>:<ul><li>TVPI\uff1a\u901a\u5e38\u968f\u7740\u8d44\u4ea7\u51c0\u503c\u548c\u521d\u59cb\u5206\u914d\u7684\u589e\u52a0\u800c\u5f00\u59cb\u4e0a\u5347\u3002.<\/li><li>DPI\uff1a\u968f\u7740\u5df2\u5b9e\u73b0\u6536\u76ca\u5f00\u59cb\u6eda\u52a8\uff0c\u4ece\u96f6\u5f00\u59cb\u79fb\u52a8\u3002.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-834cb24 elementor-widget elementor-widget-text-editor\" data-id=\"834cb24\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b>8 \u5c81\u4ee5\u4e0a\uff1a\u5b9e\u73b0\u4e0e\u6536\u83b7<\/b><\/p><ul><li><b>\u91cd\u5927\u9000\u51fa<\/b>:\u516c\u53f8\u8fdb\u5165\u6210\u719f\u671f\uff0c\u5f80\u5f80\u88ab\u6536\u8d2d\u6216\u4e0a\u5e02\uff0c\u5c06\u7eb8\u9762\u6536\u76ca\u8f6c\u5316\u4e3a\u73b0\u91d1\u3002.<\/li><li><b>\u9a8c\u8bc1\u65e9\u671f\u4f30\u503c<\/b>:\u5b9e\u73b0\u9000\u51fa\u540e\uff0c\u8fd9\u4e9b\u4ea4\u6613\u7684\u5185\u90e8\u6536\u76ca\u7387\u5c06\u6700\u7ec8\u786e\u5b9a\u3002.<\/li><li><b>\u53d7\u5f71\u54cd\u7684\u6307\u6807<\/b>:<ul><li>DPI\uff1a\u4e2d\u592e\u6307\u6807\uff0c\u53cd\u6620\u8d44\u91d1\u56de\u7b3c\u591a\u5c11\u3002.<\/li><li>\u5185\u90e8\u6536\u76ca\u7387\uff1a\u5982\u679c\u57fa\u91d1\u7684\u6210\u529f\u5927\u4e8e\u5931\u8d25\uff0c\u5185\u90e8\u6536\u76ca\u7387\u5c31\u4f1a\u5448\u4e0a\u5347\u8d8b\u52bf\u6216\u8d8b\u4e8e\u7a33\u5b9a\u3002.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fad642d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fad642d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6230872\" data-id=\"6230872\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c1f770b elementor-widget elementor-widget-heading\" data-id=\"c1f770b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u5411 LP \u4ecb\u7ecd\u57fa\u91d1\u4e1a\u7ee9\u6307\u6807\u7684\u6700\u4f73\u505a\u6cd5<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98883b0 elementor-widget elementor-widget-heading\" data-id=\"98883b0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u63d0\u4f9b\u80cc\u666f\u548c\u53d9\u8ff0<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0519ec elementor-widget elementor-widget-text-editor\" data-id=\"c0519ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif;\"><b>\u57fa\u91d1\u4e1a\u7ee9\u6307\u6807<\/b><\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\"> \u4ec5\u51ed\u8fd9\u4e9b\u6570\u636e\u5e76\u4e0d\u80fd\u8bf4\u660e\u95ee\u9898\u7684\u5168\u90e8\u3002\u4e00\u5b9a\u8981\u5c06\u5185\u90e8\u6536\u76ca\u7387\u6216 TVPI \u7684\u53d8\u5316\u4e0e\u5b9e\u9645\u4e8b\u4ef6\u8054\u7cfb\u8d77\u6765\uff1a<\/span><\/p><p><em>\u201c\u672c\u5b63\u5ea6\u6211\u4eec\u7684\u5185\u90e8\u6536\u76ca\u7387\u589e\u81f3 22%\uff0c\u8fd9\u5f97\u76ca\u4e8e\u6295\u8d44\u7ec4\u5408\u516c\u53f8 A \u6210\u529f\u5b8c\u6210 C \u8f6e\u878d\u8d44\uff0c\u4ee5\u53ca\u6211\u4eec\u6301\u6709\u7684\u4f01\u4e1a\u8f6f\u4ef6\u4ea7\u54c1\u6536\u5165\u7684\u5f3a\u52b2\u589e\u957f\u3002\u201d<\/em><\/p><p>\u8fd9\u8d85\u8d8a\u4e86\u6570\u5b57\u7684\u8303\u7574\uff0c\u63ed\u793a\u4e86\u4e1a\u7ee9\u7684\u5185\u5728\u9a71\u52a8\u56e0\u7d20\u3002\u5b83\u6709\u52a9\u4e8e LP \u8bc4\u4f30\u8fd9\u4e9b\u6536\u76ca\u7684\u53ef\u6301\u7eed\u6027\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cc5eea elementor-widget elementor-widget-heading\" data-id=\"7cc5eea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u540c\u65f6\u4f7f\u7528\u591a\u79cd\u6307\u6807<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8be7b45 elementor-widget elementor-widget-text-editor\" data-id=\"8be7b45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5206\u4eab <b>TVPI\u3001DPI \u548c RVPI<\/b> \u5728\u4e00\u8d77<\/p><p><em>\u201c\u672c\u5b63\u5ea6\uff0c\u57fa\u91d1\u7684 TVPI \u4e3a 2.1 \u500d\uff0c\u5305\u62ec 0.8 \u500d\u7684 DPI \u548c 1.3 \u500d\u7684 RVPI\u3002\u6211\u4eec\u9884\u8ba1\uff0c\u5728\u672a\u6765 12 \u5230 18 \u4e2a\u6708\u5185\uff0c\u968f\u7740\u540e\u671f\u516c\u53f8\u7684\u9000\u51fa\uff0c\u672a\u5b9e\u73b0\u90e8\u5206\u5c06\u8f6c\u5316\u4e3a\u5206\u914d\u6536\u76ca\u3002\u201d<\/em><\/p><p>\u8fd9\u6837\uff0c\u5531\u7247\u516c\u53f8\u5c31\u80fd\u66f4\u6e05\u695a\u5730\u4e86\u89e3\u54ea\u4e9b\u5df2\u7ecf\u5b9e\u73b0\uff0c\u54ea\u4e9b\u8fd8\u53ef\u80fd\u5b9e\u73b0\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f385261 elementor-widget elementor-widget-heading\" data-id=\"f385261\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u5c06\u7ee9\u6548\u4e0e\u65f6\u95f4\u8054\u7cfb\u8d77\u6765<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5b439b elementor-widget elementor-widget-text-editor\" data-id=\"f5b439b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u6027\u80fd\u5728\u53d1\u5c55\u3002\u5411\u60a8\u7684 LP \u5c55\u793a\u5386\u53f2\u5e74\u8868\uff1a<\/p><p><em>\u201c\u672c\u5b63\u5ea6\uff0c\u6211\u4eec\u7684 TVPI \u4ece 1.8 \u500d\u589e\u957f\u5230 2.1 \u500d\uff0c\u4e3b\u8981\u6709\u4e24\u4e2a\u56e0\u7d20\uff1aA \u516c\u53f8 $.5 \u4ebf\u7f8e\u5143\u7684\u9000\u51fa\uff08DPI \u589e\u52a0\u4e86 0.2 \u500d\uff09\u548c B \u516c\u53f8\u7684 D \u8f6e\u878d\u8d44\uff08RVPI \u589e\u52a0\u4e86 0.1 \u500d\uff09\u201d\u3002\u201d<\/em><\/p><p>\u5c06\u6539\u8fdb\u4e0e\u5177\u4f53\u4e8b\u4ef6\u6216\u8fd0\u8425\u6539\u8fdb\u8054\u7cfb\u8d77\u6765\uff0c\u8868\u660e\u60a8\u7684\u56e2\u961f\u5728\u63a8\u52a8\u56de\u62a5\u65b9\u9762\u53d1\u6325\u4e86\u79ef\u6781\u4f5c\u7528\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abe6374 elementor-widget elementor-widget-heading\" data-id=\"abe6374\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u5206\u89e3\u7ee9\u6548\u5f52\u56e0<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49c0937 elementor-widget elementor-widget-text-editor\" data-id=\"49c0937\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>LP \u8d5e\u8d4f\u5f52\u56e0\u5206\u6790\uff0c\u5b83\u80fd\u663e\u793a\u4f60\u7684\u6536\u76ca\u6709\u591a\u5c11\u6765\u81ea\u4e8e\u6b64\uff1a<\/p><ol><li><b>\u521b\u9020\u4e1a\u52a1\u4ef7\u503c\uff1a<\/b> \u63d0\u9ad8\u5229\u6da6\u7387\uff0c\u589e\u52a0\u5e02\u573a\u4efd\u989d\u3002.<\/li><li><b>\u9000\u51fa\u6267\u884c\uff1a<\/b> \u6700\u5927\u5316\u9000\u51fa\u4ef7\u503c\u7684\u5e76\u8d2d\u6216\u9996\u6b21\u516c\u5f00\u52df\u80a1\u6218\u7565\u3002.<\/li><li><b>\u5e02\u573a\u5b9a\u4f4d\uff1a<\/b> \u53d7\u76ca\u4e8e\u66f4\u5e7f\u6cdb\u7684\u884c\u4e1a\u8d8b\u52bf\u6216\u66f4\u9ad8\u7684\u500d\u6570\u3002.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12de357 elementor-widget elementor-widget-text-editor\" data-id=\"12de357\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><em>\u201c\u5728\u6211\u4eec\u76ee\u524d 2.1 \u500d\u7684 TVPI \u4e2d\uff0c0.8 \u500d\u6765\u81ea\u4e8e\u4e3b\u8981\u6295\u8d44\u7ec4\u5408\u516c\u53f8\u7684\u76f4\u63a5\u8fd0\u8425\u6539\u5584\uff0c0.7 \u500d\u6765\u81ea\u4e8e\u6218\u7565\u9000\u51fa\uff0c0.6 \u500d\u6765\u81ea\u4e8e\u6211\u4eec\u5bf9\u4f01\u4e1a\u8f6f\u4ef6\u7684\u5173\u6ce8\uff0c\u8be5\u9886\u57df\u5df2\u5b9e\u73b0\u5927\u5e45\u6269\u5f20\u3002\u201d <\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91a3b6e elementor-widget elementor-widget-heading\" data-id=\"91a3b6e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">\u5efa\u7acb\u4e00\u81f4\u7684\u62a5\u544a\u9891\u7387<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e111e1 elementor-widget elementor-widget-text-editor\" data-id=\"8e111e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u5b9a\u671f\u548c\u53ca\u65f6\u7684\u62a5\u544a\u53ef\u4ee5\u589e\u8fdb\u4fe1\u4efb\u3002\u4f8b\u5982<\/p><p><em>\u201c\u6211\u4eec\u5728\u5b63\u5ea6\u7ed3\u675f\u540e 45 \u5929\u5185\u53d1\u5e03\u5b63\u5ea6\u4e1a\u7ee9\u66f4\u65b0\uff0c\u8be6\u7ec6\u8bf4\u660e IRR\u3001TVPI\u3001DPI \u548c RVPI \u7684\u53d8\u5316\u3002\u5982\u679c\u53d1\u751f\u91cd\u5927\u9000\u51fa\u6216\u878d\u8d44\u4e8b\u4ef6\uff0c\u6211\u4eec\u4f1a\u53d1\u5e03\u4e34\u65f6\u66f4\u65b0\uff0c\u8ba9\u60a8\u5b9e\u65f6\u4e86\u89e3\u60c5\u51b5\u201d\u3002\u201d<\/em><\/p><p>\u53ca\u65f6\u3001\u53ef\u9884\u6d4b\u7684\u6c9f\u901a\u6709\u52a9\u4e8e LP \u8ba1\u5212\u81ea\u5df1\u7684\u73b0\u91d1\u6d41\u548c\u6295\u8d44\u6218\u7565\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-923fa96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"923fa96\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b26996\" data-id=\"3b26996\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ff2237 elementor-widget elementor-widget-heading\" data-id=\"7ff2237\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">\u62a5\u544a\u57fa\u91d1\u7ee9\u6548\u6307\u6807\u7684\u5e38\u89c1\u6311\u6218<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fec2e3 elementor-widget elementor-widget-text-editor\" data-id=\"3fec2e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><b>\u6570\u636e\u7684\u51c6\u786e\u6027\u548c\u4e00\u81f4\u6027 <\/b><ul><li>\u786e\u4fdd\u5185\u90e8\u6536\u76ca\u7387\u8ba1\u7b97\u6240\u9700\u73b0\u91d1\u6d41\u7684\u51c6\u786e\u65f6\u95f4\u548c\u6570\u91cf\u53ef\u80fd\u975e\u5e38\u590d\u6742\u3002.<\/li><li>\u9891\u7e41\u66f4\u65b0\u610f\u5473\u7740\u6027\u80fd\u6570\u636e\u6709\u591a\u4e2a\u7248\u672c\u3002\u62e5\u6709\u4e00\u4e2a\u53ef\u9760\u7684\u7248\u672c\u63a7\u5236\u7cfb\u7edf\u81f3\u5173\u91cd\u8981\u3002.<\/li><\/ul><\/li><li><b>\u5b89\u5168\u5206\u53d1\u7ee9\u6548\u4fe1\u606f <\/b><ul><li>\u4f1a\u8bae <b>\u5408\u89c4\u8981\u6c42<\/b> \u5373\u786e\u4fdd\u6bcf\u4e2a LP \u7684\u6570\u636e\u548c\u57fa\u7840\u6587\u4ef6\u7684\u9690\u79c1\u3002.<\/li><li>\u60a8\u53ef\u80fd\u4f1a\u4e3a\u4e0d\u540c\u7684\u5229\u76ca\u76f8\u5173\u8005\u8bbe\u7f6e\u4e0d\u540c\u7684\u6743\u9650\u7ea7\u522b\uff1b\u56e0\u6b64\uff0c\u5065\u5168\u7684\u6743\u9650\u7ed3\u6784\u81f3\u5173\u91cd\u8981\u3002.<\/li><\/ul><\/li><li><b>\u5b9e\u65f6\u6027\u80fd\u66f4\u65b0 <\/b><ul><li>LP \u8d8a\u6765\u8d8a\u5e0c\u671b <b>\u5373\u65f6\u66f4\u65b0<\/b> \u5728\u91cd\u5927\u9000\u51fa\u6216\u4f30\u503c\u53d8\u5316\u4e4b\u540e\u3002.<\/li><li>\u5982\u679c\u6ca1\u6709\u96c6\u4e2d\u5f0f\u4eea\u8868\u76d8\u6216\u81ea\u52a8\u8b66\u62a5\uff0c\u8981\u7ef4\u62a4\u5b9e\u65f6\u6570\u636e\u53ef\u80fd\u4f1a\u5f88\u56f0\u96be\u3002.<\/li><\/ul><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-af51a98 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"af51a98\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-753ebe8\" data-id=\"753ebe8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2dd9f9e elementor-widget elementor-widget-heading\" data-id=\"2dd9f9e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Digify \u5982\u4f55\u63d0\u4f9b\u5e2e\u52a9<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-254c74a elementor-widget elementor-widget-text-editor\" data-id=\"254c74a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u4f7f\u7528 <b>\u5b89\u5168\u6570\u636e\u5ba4<\/b> \u6216 <b>\u7edf\u4e00\u7684\u6295\u8d44\u8005\u62a5\u544a\u5e73\u53f0<\/b> \u5c31\u50cf Digify \u4e00\u6837\uff0c\u7b80\u5316\u4e86\u63d0\u4f9b\u4e00\u81f4\u3001\u5b9e\u65f6\u6027\u80fd\u6307\u6807\u7684\u590d\u6742\u6027\u3002\u5177\u4f53\u65b9\u6cd5\u5982\u4e0b<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d137891 elementor-widget elementor-widget-text-editor\" data-id=\"d137891\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><b>\u7edf\u4e00\u6295\u8d44\u8005\u62a5\u544a\u5e73\u53f0 <\/b><ul><li>\u8f68\u9053 <b>IRR\u3001TVPI\u3001DPI\u3001RVPI \u548c MOIC<\/b> \u5728\u4e00\u4e2a\u5730\u65b9\u3002.<\/li><li>\u63d0\u4f9b <b>\u5b9a\u671f\u901a\u77e5<\/b> \u8fd9\u6837\uff0cLP \u5c31\u80fd\u4e3b\u52a8\u6536\u5230\u6709\u5173\u91cd\u5927\u9000\u51fa\u4e8b\u4ef6\u6216\u5206\u914d\u7684\u8b66\u62a5\u3002.<\/li><\/ul><\/li><li><b>\u552f\u4e00\u7684\u771f\u7406\u4e4b\u6e90 <\/b><ul><li>\u4e3a\u6bcf\u4e2a\u6307\u6807\u4fdd\u7559\u4e00\u4e2a\u660e\u786e\u7684\u7248\u672c\uff0c\u4ee5\u6d88\u9664\u6df7\u6dc6\u3002.<\/li><li>\u8be6\u7ec6\u8bb0\u5f55 <b>\u5ba1\u8ba1\u8ddf\u8e2a<\/b> \u6bcf\u6b21\u6587\u4ef6\u4fee\u8ba2\u65f6\uff0c\u90fd\u8981\u5bf9\u5176\u8fdb\u884c\u68c0\u67e5\uff0c\u8fd9\u5bf9\u786e\u4fdd\u7b26\u5408\u6cd5\u89c4\u8981\u6c42\u81f3\u5173\u91cd\u8981\u3002.<\/li><\/ul><\/li><li><b>\u7248\u672c\u63a7\u5236 <\/b><ul><li>\u66f4\u65b0\u60a8\u7684\u5ba3\u4f20\u6750\u6599\u6216\u4e1a\u7ee9\u62a5\u544a\uff0c\u800c\u65e0\u9700\u62c5\u5fc3\u65e7\u7248\u672c\u6d41\u4f20\u7684\u98ce\u9669\u3002.<\/li><li>\u5728\u8ba8\u8bba\u4ee5\u4e0b\u5173\u952e\u6307\u6807\u65f6\uff0c\u4fdd\u6301\u6e05\u6670\u5ea6\u548c\u4e00\u81f4\u6027 <b>\u57fa\u91d1\u8868\u73b0<\/b> \u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u800c\u53d8\u5316\u3002.<\/li><\/ul><\/li><li><b>\u7c92\u5ea6\u8bbf\u95ee\u63a7\u5236 <\/b><ul><li>\u4e3a\u6bcf\u4e2a LP \u6216\u7ec4\u8bbe\u7f6e\u6743\u9650\uff0c\u8fd9\u6837\u6bcf\u4e2a\u5229\u76ca\u76f8\u5173\u8005\u53ea\u80fd\u770b\u5230\u76f8\u5173\u7684\u6027\u80fd\u6570\u636e\u548c\u57fa\u672c\u8bb0\u5f55\u3002.<\/li><\/ul><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b57228d elementor-widget elementor-widget-text-editor\" data-id=\"b57228d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u51ed\u501f\u8fd9\u4e9b\u529f\u80fd\uff0cDigify \u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a <b>\u7ecf\u6d4e\u5b9e\u7528\u7684\u89e3\u51b3\u65b9\u6848<\/b> \u517c\u987e\u7b80\u4fbf\u6027\u4e0e\u63a7\u5236\u6027\u3002\u8bb8\u591a\u98ce\u9669\u6295\u8d44\u516c\u53f8\u5229\u7528 Digify \u7b49\u5e73\u53f0\u52a0\u5f3a\u4e0e\u6295\u8d44\u8005\u7684\u6c9f\u901a\uff0c\u6ee1\u8db3\u5408\u89c4\u8981\u6c42\uff0c\u6811\u7acb\u4e13\u4e1a\u5f62\u8c61\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b4ef18 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5b4ef18\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28e6ccf elementor-widget elementor-widget-text-editor\" data-id=\"28e6ccf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>\u901a\u8fc7\u638c\u63e1\u8ba1\u7b97\u548c\u4ea4\u6d41 <b>\u98ce\u9669\u6295\u8d44\u57fa\u91d1\u4e1a\u7ee9\u6307\u6807<\/b>-\u5305\u62ec IRR\u3001DPI\u3001TVPI\u3001RVPI \u548c MOIC\uff0c\u60a8\u4e3a LP \u63d0\u4f9b\u4e86\u6240\u9700\u7684\u6e05\u6670\u5ea6\u548c\u4fe1\u5fc3\uff0c\u4f7f\u4ed6\u4eec\u80fd\u591f\u7ee7\u7eed\u81f4\u529b\u4e8e\u60a8\u7684\u57fa\u91d1\u3002\u914d\u5408\u5b89\u5168\u7684\u5e73\u53f0\uff0c\u5982 <a href=\"https:\/\/digify.com?utm_source=blog&amp;utm_medium=article&amp;utm_campaign=homepage\" data-wplink-url-error=\"true\" target=\"_blank\" rel=\"noopener\">Digify<\/a>, \u6b64\u5916\uff0c\u60a8\u8fd8\u53ef\u4ee5\u901a\u8fc7\u900f\u660e\u3001\u53ca\u65f6\u548c\u5185\u5bb9\u4e30\u5bcc\u7684\u62a5\u544a\uff0c\u7b80\u5316\u6570\u636e\u7ba1\u7406\u3001\u7ef4\u62a4\u7248\u672c\u63a7\u5236\u5e76\u5efa\u7acb\u6301\u7eed\u7684\u4fe1\u4efb\u3002.<\/p><p>\u5728\u57fa\u91d1\u751f\u547d\u5468\u671f\u7684\u6bcf\u4e2a\u9636\u6bb5\u5229\u7528\u8fd9\u4e9b\u6700\u4f73\u5b9e\u8df5\u6765\u5c55\u793a\u4e13\u4e1a\u4e25\u8c28\u6027\u3001\u63d0\u9ad8\u53ef\u4fe1\u5ea6\uff0c\u5e76\u786e\u4fdd\u60a8\u5728\u6295\u8d44\u8005\u5fc3\u76ee\u4e2d\u4f5c\u4e3a\u503c\u5f97\u4fe1\u8d56\u7684\u5408\u4f5c\u4f19\u4f34\u7684\u5730\u4f4d\u3002.<\/p><p>\u4e0e <a href=\"https:\/\/digify.com\/m\/trial?utm_source=blog&amp;utm_medium=article&amp;utm_campaign=trial-signup\" target=\"_blank\" rel=\"noopener\">Digify \u514d\u8d39\u8bd5\u7528<\/a>, \u60a8\u53ef\u4ee5\u6d4b\u8bd5\u8fd9\u4e9b\u529f\u80fd\uff0c\u4eb2\u81ea\u4e86\u89e3\u7b80\u5316\u3001\u5b89\u5168\u7684\u62a5\u544a\u5982\u4f55\u63d0\u5347\u60a8\u7684\u6295\u8d44\u8005\u5173\u7cfb\u6218\u7565\u3002.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67962df elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67962df\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2558dc3\" data-id=\"2558dc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a43ae7 elementor-widget 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1200w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u51c6\u786e\u7684\u57fa\u91d1\u4e1a\u7ee9\u62a5\u544a\u5bf9\u4e8e\u98ce\u9669\u6295\u8d44\u505a\u51fa\u660e\u667a\u7684\u6295\u8d44\u51b3\u7b56\u3001\u9075\u5b88\u76d1\u7ba1\u89c4\u5b9a\u4ee5\u53ca\u4e0e\u6295\u8d44\u8005\u5efa\u7acb\u4fe1\u4efb\u81f3\u5173\u91cd\u8981\u3002.<\/p>","protected":false},"author":5,"featured_media":25176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[33],"class_list":["post-24947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/posts\/24947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/comments?post=24947"}],"version-history":[{"count":4,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/posts\/24947\/revisions"}],"predecessor-version":[{"id":38771,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/posts\/24947\/revisions\/38771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/media\/25176"}],"wp:attachment":[{"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/media?parent=24947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/categories?post=24947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging-x.digifyteam.com\/zh\/wp-json\/wp\/v2\/tags?post=24947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}