The contract for the cash flow right between the Entrepreneur (EN) and the Venture Capitalist (VC) is of key role for the evolvement of high-tech venture capital (HTVC) integration system.

• 企业家与创业资本家之间的现金流权利分配契约对于高新技术-创业资本(HTVC)整合系统的演化具有关键作用。