{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"Sigumdic","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/sigumdic","title":"\u521d\u5275\u89e3\u5bc6\uff1a\u62c6\u89e3\u516c\u53f8\u80a1\u6b0a\u7d50\u69cb\u3001\u878d\u8cc7\u80a1\u6b0a\u6700\u4f73\u5206\u4f48\uff1b\u4e09\u62db\u878d\u8cc7\u6280\u5de7\uff0c\u907f\u514d\u628a\u516c\u53f8\u62f1\u624b\u8b93\u4eba\u3001\u904e\u5ea6\u7a00\u91cb\u80a1\u6b0a - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/488693\">\u521d\u5275\u89e3\u5bc6\uff1a\u62c6\u89e3\u516c\u53f8\u80a1\u6b0a\u7d50\u69cb\u3001\u878d\u8cc7\u80a1\u6b0a\u6700\u4f73\u5206\u4f48\uff1b\u4e09\u62db\u878d\u8cc7\u6280\u5de7\uff0c\u907f\u514d\u628a\u516c\u53f8\u62f1\u624b\u8b93\u4eba\u3001\u904e\u5ea6\u7a00\u91cb\u80a1\u6b0a<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/488693\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u521d\u5275\u89e3\u5bc6\uff1a\u62c6\u89e3\u516c\u53f8\u80a1\u6b0a\u7d50\u69cb\u3001\u878d\u8cc7\u80a1\u6b0a\u6700\u4f73\u5206\u4f48\uff1b\u4e09\u62db\u878d\u8cc7\u6280\u5de7\uff0c\u907f\u514d\u628a\u516c\u53f8\u62f1\u624b\u8b93\u4eba\u3001\u904e\u5ea6\u7a00\u91cb\u80a1\u6b0a&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime.fortuneinsight.com\/web\/wp-content\/uploads\/2020\/08\/Investing-coins-increasing.jpg","thumbnail_width":640,"thumbnail_height":360,"description":"\u521d\u5275\u878d\u8cc7\u5f80\u5f80\u5f88\u6613\u5931\u6557\uff0c\u5176\u5be6\u878d\u8cc7\u8b1b\u6c42\u7b56\u7565\u548c\u8a08\u5283\u3002\u4e0d\u8ad6\u7b2c\u4e00\u6b21\u878d\u8cc7\u6216\u5df2\u7d93\u6b77\u6578\u6b21\uff0c\u5f9e\u80a1\u6b0a\u904b\u4f5c\u8a8d\u8b58\u539f\u7406\uff0c\u624d\u80fd\u5236\u8a02\u9577\u9060\u5c0d\u516c\u53f8\u5065\u5eb7\u7684\u7b56\u7565\u3002\u6587\u7ae0\u8907\u96dc\uff0c\u5c07\u5206\u6bb5\u5982\u4e0b\uff1a \u8ac7\u878d\u8cc7\u524d\u7684\u5fc5\u505a\u6b65\u9a5f \u878d\u8cc7\u6d89\u53ca\u7684\u80a1\u6b0a\u57fa\u672c\u77e5\u8b58 \u8a08\u5283\u878d\u8cc7\u7684\u4e09\u500b\u89d2\u5ea6 \u80a1\u6b0a\u6700\u4f73\u5206\u4f48 \u4e00\u5b50\u932f\uff0c\u6eff\u76e4\u7686\u843d\u7d22\u3002\u91d1\u878d\u53ea\u662f\u4f9d\u9644\u80a1\u6b0a\u800c\u751f\u7684\u884c\u696d\uff0c\u82e5\u5b78\u61c2\u80a1\u6b0a\u904a\u6232\uff0c\u4fbf\u80fd\u597d\u597d\u5229\u7528\u91d1\u878d\u6280\u80fd\u70ba\u516c\u53f8\u5e36\u4f86\u500d\u6578\u589e\u9577\u3002\u6295\u8cc7\u80a1\u6b0a\u53ea\u6709\u5169\u500b\u76ee\u7684\uff0c\u4e00\u662f\u5206\u7d05\u3001\u4e8c\u662f\u516c\u53f8\u5347\u503c\uff0c\u82e5\u975e\u4f54\u516c\u53f8\u5927\u90e8\u5206\u80a1\u6b0a\uff0c\u5373\u4f7f\u516c\u53f8\u9054\u81f3\u4e0d\u932f\u7684\u76c8\u5229\uff0c\u5c0d\u80a1\u6771\u4f86\u8aaa\u5206\u4eab\u76c8\u5229\u76845%\u4e26\u4e0d\u53ef\u89c0\u3002\u56e0\u6b64\u9910\u5ef3\u7b49\u50b3\u7d71\u751f\u610f\uff0c\u591a\u8d70\u4f54\u516c\u53f8\u5927\u90e8\u5206\u80a1\u6b0a\u3001\u5206\u4eab\u5229\u6f64\u7684\u6a21\u5f0f\u3002\u540c\u6a23\u4e00\u7b46\u8cc7\u91d1\uff0c\u6295\u8cc7\u8005\u9858\u610f\u4ee5\u5927\u7b46\u91d1\u9322\u652f\u6301\u516c\u53f8\u71df\u904b\u3001\u53ea\u6210\u70ba\u5c0f\u6578\u80a1\u6771\uff0c\u5176\u5be6\u70ba\u7684\u662f\u6025\u901f\u5347\u503c\u6f5b\u529b\u3002 \u6240\u6709\u5927\u516c\u53f8\u7d42\u6709\u4e00\u5929\u8d70\u4e0a\u878d\u8cc7\u5927\u9053\uff1a \u50b5\uff0c\u662f\u7d66\u5df2\u6709\u7a69\u5b9a\u73fe\u91d1\u6d41\u7684\u516c\u53f8\uff1b \u80a1\uff0c\u662f\u7d66\u6709\u8db3\u5920\u80a1\u6b0a\u7a7a\u9593\u7684\u4f60\u3002 \u6c92\u6709\u80a1\u6b0a\u7a7a\u9593\u3001\u53c8\u6c92\u6709\u7a69\u5b9a\u73fe\u91d1\u6d41\uff0c\u5c31\u53ea\u80fd\u8ce3\u8eab\u3002 &nbsp; 1. \u8ac7\u878d\u8cc7\u524d\u7684\u5fc5\u505a\u6b65\u9a5f \u91d1\u878d\u53ea\u662f\u5de5\u5177\u3002\u8981\u8ac7\u878d\u8cc7\u524d\uff0c\u5148\u554f\u81ea\u5df1\uff0c\u4f60\u7684\u516c\u53f8\u672c\u8eab\u6e96\u5099\u597d\u4e86\u55ce\uff1f\u878d\u8cc7\u7684\u7672\u5cf0\u5373\u4f7f\u6c92\u6709\u7522\u54c1\uff0c\u4e5f\u6709\u4e00\u500bidea\u4e00\u4efdpitch deck\u6210\u529f\u878d\u8cc7\u7684\u4f8b\u5b50\u3002\u4f46\u76f8\u5c0d\u7684\u878d\u8cc7\u7684\u91d1\u984d\u3001\u516c\u53f8\u50f9\u503c\uff0c\u8207\u516c\u53f8\u80fd\u529b\u639b\u9264\u3002\u4e00\u8e0f\u4e0a\u4ee5\u878d\u8cc7\u65b9\u5f0f\u5efa\u7acb\u516c\u53f8\uff0c\u4ed8\u51fa\u7684\u4ee3\u50f9\u4fbf\u662f\u80a1\u6b0a\u53ca\u5411\u80a1\u6771\u4ea4\u4ee3\u7684\u58d3\u529b\u3002 \u8981\u878d\u8cc7\u4e4b\u524d\uff0c\u61c9\u5148\u70ba\u516c\u53f8\u8a02\u7acb\u597d\u201dMilestones\u201d\uff0c\u7136\u5f8c\u518d\u56e0\u61c9\u4e0b\u6587\u63d0\u5230\u300c\u8a08\u5283\u878d\u8cc7\u7684\u4e09\u500b\u89d2\u5ea6\u300d\u8abf\u6574\u3002 \u8a02\u7acb\u201dMilestones\u201d\u61c9\u5f9etop-down approach\u51fa\u767c\uff0c\u5148\u627e\u51fa\u5728\u4e00\u5207\u9806\u98a8\u9806\u6c34\u3001\u6210\u70ba\u4e00\u5bb6\u6210\u529f\u7684\u516c\u53f8\u6642\uff0c\u4f60\u7522\u54c1\u7684\u6700\u5927\u53ef\u80fdmarket size\u6709\u591a\u5927\u3002\u9999\u6e2f\u4e0a\u5e02\u8981\u6e2f\u5e635\u5104\u4ee5\u4e0a\u6536\u5165\uff0c\u4ee5\u6b64\u4f5c\u6e96\u53bb\u4f30\u7b97\u4f60\u7684\u516c\u53f8\uff0c\u5230\u5e95\u878d\u8cc7\u8def\u4e0a\uff0c\u4f60\u7684\u76ee\u6a19\u662f\u88ab\u6536\u8cfc\u3001\u4e0a\u5e02\u3001\u6216\u8cfa\u53d6\u7a69\u5b9a\u6536\u5165\u3002 \u4e0d\u8ad6\u76ee\u6a19\u662f\u751a\u9ebc\uff0c\u627e\u5230\u76ee\u6a19\u5f8c\uff0c\u518d\u5012\u63a8\u71df\u904b\u898f\u6a21\u6703\u5982\u4f55\u6210\u9577\u3001\u53ca\u65ac\u958b4\u81f36\u6bb5\u6210\u9577\u8a08\u5283\u3002\u8f03\u524d\u6bb5\u7684\u6210\u9577\u904e\u7a0b\u6703\u8f03\u6e05\u6dc5\u3001\u8f03\u6162\uff0c\u4f8b\u5982\u5f9efounder \u6578\u4eba\u7684\u5718\u968a\u53bb\u5230\u7522\u54c1\u63a8\u51fa\u5e02\u5834\u3001\u65bc\u5e02\u5834\u5d84\u9732\u982d\u89d2\u3001\u7531\u55ae\u4e00\u5e02\u5834\u53bb\u5230\u591a\u500b\u5e02\u5834\u7b49\u3002 \u7522\u54c1\u4e0d\u4e00\u5b9a\u8981\u591a\uff0c\u5176\u5be6\u6700\u8981\u91cd\u5fc3\u7522\u54c1\u61c9\u8a72\u53ea\u6709\u4e00\u6a23\uff0c\u7279\u5225\u662f\u516c\u53f8\u5f88\u5bb9\u6613\u6df7\u6dc6\u4e0d\u540c\u5305\u88dd\u4e0b\u7684\u540c\u4e00\u7522\u54c1\u3002Uber\u5373\u4f7f\u591a\u5143\u5316\uff0c\u91cd\u5fc3\u670d\u52d9\u53ca\u6700\u8981\u6536\u5165\u8d70\u4e0d\u51fa\u5171\u4e58\uff1bApple\u8d85\u904e6\u6210\u6536\u5165\u4ea6\u4ecd\u5728iPhone\u3002\u56e0\u6b64\uff0c\u505a\u597d\u4e00\u6a23\u7522\u54c1\uff0c\u627e\u51fa\u7522\u54c1\u65bc\u5e02\u57f8\u6700\u5927\u7684\u53ef\u80fd\u6027\uff0c\u7136\u5f8c\u8a02\u7acb\u6210\u9577\u8a08\u5283\uff0c\u4fbf\u80fd\u5c0d\u516c\u53f8\u9700\u8981\u7684\u878d\u8cc7\u53ca\u672a\u4f86\u6f5b\u80fd\u66f4\u52a0\u4e86\u89e3\u3002 &nbsp; 2. \u878d\u8cc7\u6d89\u53ca\u7684\u80a1\u6b0a\u57fa\u672c\u77e5\u8b58 \u878d\u8cc7\u6709\u591a\u7a2e\u65b9\u6cd5\u548c\u7d50\u69cb\uff0c\u8207\u5176\u4e00\u7a2e\u4e00\u7a2e\u5b78\u6216\u7b49\u5f8b\u5e2b\u6307\u624b\u5283\u8173\uff0c\u5012\u4e0d\u5982\u6253\u597d\u57fa\u672c\u529f\u3002 \u80a1\u6b0a\u4ee3\u8868\u80a1\u6771\uff0c\u4f46\u80a1\u6771\u4e4b\u9593\u7684\u4e0d\u540c\u6b0a\u5229\u53ef\u7531\u300cclass\/ \u985e\u5225\u300d\u53bb\u5340\u5206 &#8211; class of shares\u3002 \u6240\u4ee5\u6bcf\u4e00\u8f2a\u7684\u80a1\u6771\u6b0a\u5229\u53ef\u4ee5\u4e0d\u4e00\uff0c\u8981\u7d30\u5fc3\u7559\u610f\uff1b\u65b7\u4e0d\u6703\u540c\u4e00\u500bclass\u5167\u6709\u4e0d\u540c\u6b0a\u5229\u3002\u56e0\u6b64ordinary shares\u666e\u901a\u80a1\u3001preference shares\u512a\u5148\u80a1\u7b49\u53ea\u662f\u4e00\u500b\u5927\u7684\u7a2e\u985e\u540d\u7a31\u53bb\u5206\u8fa8\u5e38\u898b\u7684\u6b0a\u5229\u3002\u5be6\u969b\u4e0a\u662f\u4f9d\u9760\u4e0d\u540cclass\u53bb\u5340\u5206 &#8211; \u201cSeries Seed Ordinary Shares\u201d\u3001\u201dSeries A Preference Shares\u201d\u3001\u201dSeries A2 Preference Shares\u201d\u7b49\uff0c\u540d\u7a31\u90fd\u662f\u5f8b\u5e2b\u6539\u7684\u3002 \u80a1\u4efd\u6210\u7acb\u516c\u53f8\u5f8c\uff0c\u8981\u52a0\u5165\u65b0\u80a1\u6771\u53ea\u6709\u5169\u500b\u8fa6\u6cd5\uff1a\u767c\u884c\u65b0\u80a1\u3001\u6216\u73fe\u6709\u80a1\u6771\u8ce3\u51fa\u80a1\u4efd\uff08\u4e8c\u624bsecondary\uff09\u3002 \u73fe\u6709\u80a1\u6771A\u8ce3\u51fa\u80a1\u4efd\u5341\u5206\u5bb9\u6613\u660e\u767d\uff0c\u6709\u4e00\u767e\u5f35\u80a1\u7968\u7684\u8a71\uff0c\u8ce310\u5f35\u5f8c\uff0c\u80a1\u6771A\u4fbf\u53ea\u526990%\uff0c\u65b0\u80a1\u6771B\u670910%\u3002\u767c\u884c\u65b0\u80a1\u5247\u70ba\u5728100\u5f35\u7684\u57fa\u790e\u4e0b\u767c\u884c\uff0c\u4f8b\u5982\u52a010\u5f35\u7b49\u65bc110\u5f35\u3002\u7a00\u91cb\u5f8c\u73fe\u6709\u80a1\u6771A\u70ba100\/110 \uff1d91%\uff0c\u65b0\u80a1\u6771B\u670910\/110 \uff1d9%\u3002\u878d\u8cc7\u591a\u70ba\u767c\u884c\u65b0\u80a1\uff0c\u7d10\u7d04\u8b49\u5238\u4ea4\u6613\u6240NYSE\u6700\u8fd1\u5bb9\u8a31direct listing\uff0c\u5373\u8ce3\u73fe\u6709\u80a1\u6771\u80a1\u7968\uff0c\u800c\u4e0d\u7528\u767c\u884c\u65b0\u80a1\u4e0a\u5e02\u3002 \u516c\u53f8\u7684\u71df\u904b\u63a7\u5236\u6b0a\u5176\u5be6\u5728\u6cd5\u5f8b\u4e0a\u4f86\u8aaa\u662f\u6295\u7968\u6b0a\uff0c\u5927\u5927\u5c0f\u5c0f\u7684\u4e8b\u60c5\u4f9d\u7167\u516c\u53f8\u7ae0\u7a0b(articles and associations)\u7684\u6295\u7968\u6a5f\u5236\u3002 \u800c\u9019\u500b\u6a5f\u5236\u4ea6\u6703\u56e0\u61c9class [&hellip;]"}