澳银资本熊钢：在有限的时局中，为无限的新边疆做好准备丨创投贺新春

Core Viewpoint - The article emphasizes the importance of preparation for infinite possibilities in the investment landscape, advocating for a focused approach in venture capital investments, particularly in high-success-rate stages like clinical research to clinical application in innovative pharmaceuticals [4][5]. Group 1: Investment Philosophy - The essence of venture capital is seen as a continuous exploration of the future, with a belief that the world has no boundaries [4]. - The current low exit rates in the industry highlight the fragility of apparent returns without cash flow support, prompting a focus on specific investment stages rather than broad success [4][5]. Group 2: Investment Strategy - The company aims to concentrate resources on high-probability nodes in investment, such as from pre-clinical research to clinical application, to mitigate risks [5]. - There is a commitment to being a "constructive investor," providing financial tools and decision-making advice to entrepreneurial teams to enhance their chances of success during critical moments [6]. Group 3: Long-term Commitment - The company emphasizes the importance of maintaining a genuine alliance with limited partners (LPs), even considering returning raised funds during market exuberance to ensure long-term cash returns [6]. - The article concludes with a call for a respectful and resilient approach to investment, preparing for future opportunities with keen insights and solid trust [6].