{"id":3635,"date":"2017-12-19T23:28:56","date_gmt":"2017-12-19T15:28:56","guid":{"rendered":"https:\/\/www.growthhk.cn\/?p=3635"},"modified":"2017-12-19T23:28:56","modified_gmt":"2017-12-19T15:28:56","slug":"%e5%9c%a8%e8%bf%99%e4%b8%aa%e6%97%b6%e4%bb%a3%ef%bc%8cvc-%e5%88%b0%e5%ba%95%e8%bf%98%e8%a6%81%e4%b8%8d%e8%a6%81%e6%89%be%e7%8b%ac%e8%a7%92%e5%85%bd%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.growthhk.cn\/cgo\/model\/3635.html","title":{"rendered":"\u5728\u8fd9\u4e2a\u65f6\u4ee3\uff0cVC \u5230\u5e95\u8fd8\u8981\u4e0d\u8981\u627e\u72ec\u89d2\u517d\uff1f"},"content":{"rendered":"
\u5728\u8fd9\u4e2a\u65f6\u4ee3\uff0cVC \u5230\u5e95\u8fd8\u8981\u4e0d\u8981\u627e\u72ec\u89d2\u517d\uff1f\u5230\u5e95\u8fd8\u8981\u4e0d\u8981\u8ffd\u6c42\u767e\u500d\u56de\u62a5\uff1f\u8df3\u5f00\u4e00\u5207\uff0c\u4ece LP\uff08\u51fa\u8d44\u4eba\uff09\u7684\u89d2\u5ea6\u6765\u8bf4\uff0c\u6211\u89c9\u5f97\u8fd8\u662f\u8981\u7684\u3002<\/p>\n \u6240\u4ee5\uff0cVC \u4ece\u4eba\u8bbe\u4e0a\u6765\u8bf4\uff0c\u627f\u62c5\u7684\u5c31\u662f\u8ffd\u6c42\u72ec\u89d2\u517d\u7684\u8d23\u4efb\uff0c\u54ea\u6015\u4e00\u65f6\u6ca1\u6709\u770b\u5230\u8db3\u591f\u597d\u7684\u673a\u4f1a\uff0c\u6295\u8d44\u884c\u4e3a\u4e5f\u4e0d\u8be5\u4e25\u91cd\u53d8\u5f62\uff0c\u9664\u975e\u662f\u53d8\u5f62\u5230\u4e00\u4e2a\u65b0\u7684\u5e02\u573a\u548c\u89d2\u8272\uff0c\u6211\u7ba1\u8fd9\u7c7b\u53eb\u201c\u8d44\u7ba1\u578b VC<\/a><\/span>\u201d\u3002<\/p>\n \u4e5f\u5c31\u662f\u8bf4\uff0cVC \u8981\u627e\u7684\u662f\u80fd Scalable \u7684\u521b\u4e1a\u9879\u76ee\uff0c\u800c\u76f8\u5bf9\u7684\uff0c\u521b\u4e1a\u516c\u53f8\u7684\u9996\u8981\u804c\u8d23\u5c31\u662f Growth\uff0c\u800c\u4e14\u662f exponential growth\uff0c\u6307\u6570\u7ea7\u589e\u957f\u3002<\/p>\n \u90a3\u4e48\uff0c\u57fa\u4e8e\u8fd9\u4e2a\u518d\u770b VC \u8981\u5bfb\u627e\u4ec0\u4e48\u5c31\u66f4\u6e05\u695a\u4e86\uff0cVC \u5c31\u662f\u8981\u627e\u589e\u91cf\uff08\u7ebf\u4e0a\u589e\u957f<\/a><\/span>\u5b8c\u4e86\u627e\u7ebf\u4e0b\u673a\u4f1a\uff0c\u56fd\u5185\u589e\u957f\u5b8c\u4e86\u627e\u51fa\u6d77\u673a\u4f1a\uff09\uff0c\u800c\u589e\u91cf\u4e00\u5b9a\u662f\u5728\u53d8\u5316\u4e2d\u5bfb\u627e\uff0c\u56e0\u4e3a\u5065\u5168\u6210\u719f\u7684\u5e02\u573a\u5df2\u7ecf\u7a33\u5b9a\uff0c\u4e0d\u5b58\u5728\u6307\u6570\u7ea7\u589e\u957f\u7684\u673a\u4f1a\u3002<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n <\/p>\n \u7b2c\u4e00\u5927\u56e0\u7d20\u4e00\u5b9a\u662f\u6280\u672f\u9769\u65b0<\/a><\/span>\uff0c\u6280\u672f\u7684\u6539\u53d8\u5f80\u5f80\u80fd\u5e26\u6765\u5267\u70c8\u7684\u5e02\u573a\u53d8\u5316\uff0c\u9020\u6210\u6240\u8c13\u7684 disruptive innovation\uff08\u98a0\u8986\u5f0f\u521b\u65b0<\/a><\/span>\uff09\uff0c\u98a0\u8986\u5f0f\u521b\u65b0\u7684\u7ed3\u679c\u5c31\u662f\u8ba9\u539f\u672c\u7a00\u7f3a\u7684\u8d44\u6e90\uff08Scarcity\uff09\u4e00\u591c\u4e4b\u95f4\u53d8\u5f97\u4e0d\u7a00\u7f3a\u4e86\uff0c\u4e5f\u5c31\u91ca\u653e\u4e86\u5927\u91cf\u7684\u673a\u4f1a\u3002<\/p>\n \u5728\u8fd9\u7bc7\u6587\u7ae0\u91cc\uff0c\u6211\u4eec\u5f15\u5165\u4e00\u4e2a\u65b0\u7684\u6982\u5ff5\uff0c\u53eb\u505a Friction\u3002\u56e0\u4e3a\u76ee\u524d\u589e\u91cf\u7684\u673a\u4f1a\u51e0\u4e4e\u8017\u5c3d\uff0c\u6574\u4f53\u4e92\u8054\u7f51\u7684\u53d1\u5c55\u90fd\u5728\u5411\u5b58\u91cf\u8d70\uff0c\u8fd9\u91cc\u98a0\u8986\u5f0f\u521b\u65b0\u7684\u673a\u4f1a\u8d8a\u6765\u8d8a\u5c11\uff0c\u672a\u6765\u66f4\u591a\u7684\u662f\u201c\u6469\u64e6\u51cf\u635f\u201d\u5e26\u6765\u7684\u5e02\u573a\u673a\u9047\u3002<\/p>\n Friction \u8fd9\u4e2a\u8bcd\u5728\u7269\u7406\u4e0a\u5c31\u662f\u6469\u64e6\u529b\u7684\u6982\u5ff5\uff0c\u4e5f\u5c31\u662f\u6211\u4eec\u9ad8\u4e2d\u89e3\u65b9\u7a0b\u4e2d\u7ecf\u5e38\u7528\u7684 f \u8fd9\u4e2a\u6807\u5fd7\u3002\u90a3\u5728\u7ecf\u6d4e\u5b66\u4e0a Friction \u7684\u5b9a\u4e49\u662f\uff1a<\/p>\n Market friction is anything which prevents a trade from being executed smoothly, and it\u00a0might alter your decision.<\/p>\n \u5e02\u573a\u6469\u64e6\u662f\u6307\u4efb\u4f55\u53ef\u80fd\u59a8\u788d\u4e00\u7b14\u4ea4\u6613\u53d1\u751f\u7684\u56e0\u7d20\uff0c\u5b83\u4f1a\u6539\u53d8\u7528\u6237\u7684\u51b3\u7b56\u3002<\/strong><\/p>\n \u4e3e\u4e00\u4e2a\u6700\u7b80\u5355\u7684\u4f8b\u5b50\uff0c\u6bd4\u5982\u4f60\u60f3\u4e70\u4e00\u4e2a\u4e1c\u897f\uff0c\u7ed3\u679c\u53d1\u73b0\u6392\u961f\u592a\u957f\u4e86\uff0c\u5c31\u4e0d\u4e70\u4e86\u3002\u8fd9\u4e2a\u6392\u961f\u6210\u672c\uff0c\u5c31\u662f Friction\uff0c\u5b83\u6700\u7ec8\u5f71\u54cd\u4e86\u4f60\u4e70\u4e0e\u4e0d\u4e70\u7684\u51b3\u7b56\u3002<\/p>\n \u518d\u6bd4\u5982\uff0c\u4f60\u672c\u6765\u60f3\u4ece\u7f51\u7ad9\u4e0a\u4e0b\u5355\u4e70\u4e00\u4e2a\u4e1c\u897f\uff0c\u7ed3\u679c\u53d1\u73b0\u8fd8\u8981\u6ce8\u518c\u3001\u8981\u8df3\u8f6c\u3001\u8981\u5b9e\u540d\u9a8c\u8bc1\u7b49\uff0c\u5c31\u51b3\u5b9a\u4e0d\u4e70\u6216\u4e0d\u5728\u8fd9\u91cc\u4e70\u4e86\uff0c\u8fd9\u4e9b\u969c\u788d\u90fd\u662f Friction\u3002<\/p>\n \u98a0\u8986\u5f0f\u521b\u65b0\u5f88\u591a\u65f6\u5019\u662f\u77ac\u95f4\u53d8\u5316\u7684\uff0c\u800c Friction \u7684\u964d\u4f4e\u5f88\u591a\u65f6\u5019\u662f\u5faa\u5e8f\u6e10\u8fdb\u7684\u3002<\/strong><\/p>\n 2000 \u5e74\u5de6\u53f3\u7684\u4e00\u6ce2\u4e92\u8054\u7f51\u516c\u53f8\uff0c\u6bd4\u5982 BAT \u7b49\u662f Scarcity \u53d8\u5316\u5e26\u6765\u7684\uff08\u4eba\u4eec\u7a81\u7136\u5230\u4e86\u7f51\u7edc\u4e0a\uff09\uff0c\u800c 2005 \u5e74\u5de6\u53f3\u7684\u4e00\u6ce2\u516c\u53f8\uff0c\u6bd4\u5982\u4f18\u9177\u300158\u3001\u53bb\u54ea\u513f\u7b49\uff0c\u662f Friction \u53d8\u5316\u5e26\u6765\u7684\u3002<\/p>\n 2010 \u5e74\u5de6\u53f3\u7684\u4e00\u6ce2\u4e92\u8054\u7f51\u516c\u53f8\uff0c\u6bd4\u5982 TMD \u7b49\u662f Scarcity \u53d8\u5316\u5e26\u6765\u7684\uff08\u4eba\u4eec\u7a81\u7136\u5177\u5907\u4e86\u79fb\u52a8\u5c5e\u6027\uff09\uff0c\u662f\u79fb\u52a8\u4e92\u8054\u7f51\u9769\u547d\u540e\u7684\u76f4\u63a5\u4ea7\u7269\uff0c\u800c\u8fd9\u7bc7\u6587\u7ae0\u7684\u6807\u9898\u4e2d\u7684\u516c\u53f8\uff0c\u6469\u62dc\u8857\u7535\u7329\u4fbf\u5229\uff0c\u8fd8\u6709\u8863\u4e8c\u4e09\u548c\u591a\u6293\u9c7c\uff0c\u90fd\u4e0d\u662f\u57fa\u4e8e\u6280\u672f\u9769\u65b0\u7a81\u7136\u51fa\u73b0\u7684\uff0c\u90fd\u662f Friction \u53d8\u5316\u5e26\u6765\u7684\u3002<\/p>\n \u800c\u672a\u6765\uff0c\u76f8\u4fe1\u4f1a\u6709\u66f4\u591a\u7684\u7c7b\u4f3c\u516c\u53f8\uff0c\u5bf9\u8fd9\u7c7b\u516c\u53f8\u6211\u4eec\u90fd\u53ef\u4ee5\u7528 Friction \u7684\u6982\u5ff5\u6765\u770b\u3002\u4e5f\u5c31\u662f\u9898\u56fe\u4e2d\u6240\u5199\u7684\uff1a<\/p>\n