关于VC

问题如下：

There are two statements on PE investment.

Statement 1: VC firms tend to invest in companies with predicable cash flows and experienced management teams.

Statement 2: Buyout firms tend to invest in companies with high EBITDA or EBIT growth and where an exit is fairly predictable.

Which statement is correct?

选项：

Only statement 1.

Only statement 2.

Both statement 1 and statement 2.

解释：

B is correct.

考点：VC和Buyout区别

解析：并购私募通常投资的是现金流很好预期、盈利性提升（EBITDA/EBIT快速增长）、管理团队富有经验的公司，退出的可预见性也比较高，而VC私募通常都是投资于早期新技术公司，销售收入不稳定，cash flow的预测性低，管理层是比较有经验的创业者，但是由于早期公司很小，退出的可预见性偏低。所以statement 1当中关于现金流的说法是错误的。