创业投资网络社团划分与社团间差异分析

Venture Capital Network Community Detection and Community Differences Analysis

选取1994～2017年的创业投资事件,构建并测度创业投资网络,划分网络社团并识别核心社团,比较核心社团间的差异。研究结论表明:创投网络具有小世界性,创投机构间便于"抱团"形成联合投资,深创投、IDG资本与红杉中国是网络中最有影响力的创投机构;以红杉中国、IDG资本为代表的核心社团与以深创投为代表的核心社团,在创投机构所属地域、资本类型、投资地域、投资行业和投资阶段上存在差异。

This paper builds and measures the VC network by choosing the VC events from 1994 to 2017. And then, it detects the network community, recognizes and compares the core communities. Results show that the VC network has small-world property and the VC corporations like joint investment. The most influential VC corporations are SCGC, IDG and Sequoia China. There exist differences in VC corporation location, capital types, investment regions, investment stages and investment industries between the core community represented by IDG and Sequoia China and the core community represented by SCGC.