许峻铭：创投机构要保持理性

Core Insights - The current venture capital and entrepreneurship sectors exhibit significant divergence, with U.S. tech giants showing varied attitudes towards AI investments, while domestic institutions face a "fear of missing out" (FOMO) alongside concerns about valuation bubbles and exit pressures [2][6] - It is essential for venture capital firms to remain rational and continuously seek structural opportunities, particularly in the intersection of finance, technology, and industry, as many industries in China require digital transformation and AI empowerment [2][6] Structural Opportunities - There is a notable demand for digital transformation and AI empowerment across various traditional industries in China, such as AI monitoring and applications of special materials in extreme environments, indicating potential for technological implementation [2][6] Recommendations - The first recommendation is to pilot intangible assets and patent funds, linking with major industry players to realize resource exchange and uncover the value of non-standardized assets like patents and technologies [7] - The second recommendation is to implement a "invest in people" talent reserve fund model, inspired by practices in certain regions of the Yangtze River Delta, to secure core technical talent and provide them with capital for future entrepreneurial endeavors [7] - Financial support for technology should not be limited to traditional equity financing but should include more diverse innovative tools to address gaps in venture capital and provide precise support for the integration of technology and industry [7]