预售三天就加印，《中国风险投资史》到底写了啥？

Core Viewpoint - The article discusses the release of the book "History of Venture Capital in China," which explores the evolution of venture capital in China through a unique perspective, emphasizing the role of the internet in shaping the industry [4][6]. Group 1: Book Overview - The book was created over 18 months, involving dialogues with over a hundred participants to trace the development of venture capital in China [4]. - It consists of more than 300,000 words and 14 chapters, aiming to reinterpret familiar entrepreneurial stories and industry dynamics from the perspective of venture capital [4][6]. Group 2: Internet's Role in Venture Capital - The chapter titled "The Internet Answers Everything" highlights that the emergence of venture capital in China around 2005 was significantly influenced by the internet, which provided a sense of entrepreneurial equality [6][7]. - The article posits that the history of China's internet development is essentially intertwined with the history of venture capital in the country [7]. Group 3: Market Conditions and Challenges - Despite venture capital entering China in 1985, it did not become a regular part of the business landscape for over a decade due to the lack of a liquid market and a robust capital market system [8][9]. - The Chinese capital market experienced five major bear markets with declines over 50% and five bull markets with increases over 100% from 1990 to 2001, complicating the environment for venture capital [8][9]. Group 4: Notable Figures and Events - The article references Wang Zhidong, a notable figure in the early days of Chinese venture capital, who faced skepticism from foreign investors regarding his company's potential for an IPO [10][11]. - The book discusses the impact of the 1996 Netscape IPO on the capital environment for the internet industry in China, marking a turning point for venture capital [10][12]. Group 5: Themes Explored in the Book - The book covers various themes, including the localization of venture capital in China, the professional evolution of venture capitalists, the geographical dynamics of investment, and the changing roles of venture capitalists [13][14].