Due to the asymmetry of information,there are serious adverse selection and moral hazard problems between venture capitalist (VC) and venture entrepreneur (VE) in venture capital.So as to prevent their profits from invading,VC always chooses staged financing as a basic investment strategy.However,by practice investigating,it is proved that staged financing strategy can not gain expected effect unless designing guarantee contract.Therefore,combining the complexity and dynamic characteristic of staged financing and basing on the investment profits of VC,this thesis firstly design the whole management framework of dynamic monitor mechanism in staged financing.Further more,basing on the management framework,several idiographic monitor modules are designed,and a whole dynamic monitor model is formed by applying modularize theory.In conclusion,a thought of contract guarantee is proposed to make staged financing in venture capital go on wheels.
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