Study of Venture Capitalist Compensation Structure Based on Reputation Model

摘要

Teh development of venture capital has drawn much at- tention, and many qualitative analysis and discussions have been proposed. A quantitative model is proposed based upon Reputation Model. The present compensation structure of U. S venture capital limited partnerships is analyzed and a kind of new compensation structure is proposed. The relations between the venture capitalist's effort level and the two compensation structures are giv- en.