风险投资不成功怎么办？

    说到这里，不得不说一说我经常思考的两件很有意思的事情：第一，就算是风投业界最出色的投资者也只有1/3的投资成功率。这意味着他们也会遇到“苦干到底”和“撞墙”的情形。我当然也在这个行列。第二，我们最终在2/3不成功的投资中花费了大量时间和精力(希望不是金钱)。如果一切顺利，事实上你或许并不那么需要风投。

    当然，在我所有最终成功的案例中，我都为投资的企业实现了价值增值。但真正让我付出大量心血和汗水的并不是这些成功的案例。这也是风投人不得不面对的两难困境。你希望和哪一类风投合作？

    弗雷德•威尔森1996年成为风险投资人，现为合广投资的董事总经理。本文转载自其个人博客。

    There are two interesting things here that I always think about. The first is that even the very best investors in the VC business only get a hit about 1/3 of the time. That means that they have their share of "slog it outs" and "hit the walls" too. I am certainly in that camp. The second is that we end up spending an incredible amount of time and energy (hopefully not money) on the 2/3 of our investments that don't work out. When everything goes well, you really don't need that much from a VC.

    Of course, I have added value in all of my winners. But it’s the ones that don't work that I have left my blood, sweat, and tears on. And that's the paradox of being a VC that cares. Which is the only kind of VC you want to work with.

    Fred Wilson has been a venture capitalist since 1996 and currently serves as managing partner of Union Square Ventures. This is reposted from his personal blog.