{"events": [{"year": 2007, "title": "搬办公室", "eventId": "ev_new_office_move", "outcome": "你和好友坐在一起，每天工作效率因聊天下降了，但心情好了不少。Health+8，Track Record-3。", "choiceIndex": 2}, {"year": 2008, "title": "行业群里的口水战", "eventId": "ev_anecdote_wechat_group", "outcome": "你的回复被截图转到了好几个群里。甚至有媒体来采访你这篇文章的观点。你成为了这场争论中最理性的声音。Track Record+2，Network+13。", "choiceIndex": 0}, {"year": 2009, "title": "电梯演讲", "eventId": "ev_new_elevator_pitch", "outcome": "你用15秒描述了你对新能源赛道的判断。企业家点了点头：'有意思，把你的BP发给我。'电梯门开了，他走了。你感觉心跳加速。Network+12，Track Record+2。", "choiceIndex": 0}, {"year": 2010, "title": "创始人的礼物", "eventId": "ev_anecdote_founder_gift", "outcome": "你写了一封详细的反馈邮件。创始人后来告诉别人——你的反馈让他修改了产品的三个关键设计。Network+13。", "choiceIndex": 0}, {"year": 2011, "title": "出租车里的BP", "eventId": "ev_anecdote_taxi_pitch", "outcome": "你从机场到登机口的路上看完了这份BP。项目本身一般，但你在BP里看到了一个被你忽略的细分需求。这个灵感后来启发你投了一个不错的deal。Network+5。", "choiceIndex": 0}, {"year": 2012, "title": "一纸邀约", "eventId": "ev_career_poach", "outcome": "你带着一身本事去了新平台。老同事不太好再联系，但新基金给了你更高的管理规模和独立决策权。未来充满了新的可能性，AUM+12，Network-18，Track Record+6。", "choiceIndex": 0}, {"year": 2013, "title": "年终面谈", "eventId": "ev_new_performance_review", "outcome": "你说：'您说得对，我需要一个代表作。'然后你开始有意识地寻找那种能改变行业格局的项目。Health-3（压力），Track Record+2（心态提升）。", "choiceIndex": 0}, {"year": 2014, "title": "联合投资邀约", "eventId": "ev_network_coinvest", "outcome": "你第一次以领投方的身份出现在行业媒体的报道中。虽然这个deal本身回报一般，但你的名字开始被更多圈外人知道了。AUM+5，Track Record+2，Network+3。", "choiceIndex": 0}, {"year": 2015, "title": "洗手间的偶遇", "eventId": "ev_anecdote_bathroom", "outcome": "他礼貌地点了点头，擦了手就走了。你意识到——在这种级别的投资人面前，你的项目根本不值一提。你错过了从他那里得到真正有价值建议的机会。", "choiceIndex": 1}, {"year": 2016, "title": "LP的疑问", "eventId": "ev_warn_lp_question", "outcome": "你花了一周时间密集走访了所有被投公司。发现了两家需要紧急干预的——还好来得及。Health-5（累得够呛），但避免了更大的损失，Track Record+2。", "choiceIndex": 0}, {"year": 2017, "title": "赛道转换", "eventId": "ev_new_track_switch", "outcome": "你开始恶补新赛道的知识。前三个月很痛苦，但半年后你成了新赛道的半个专家。AUM-8（切换成本），Track Record+2。", "choiceIndex": 0}, {"year": 2018, "title": "年终排名", "eventId": "ev_career_ranking", "outcome": "你立下了军令状。MD欣赏你的态度，但也提醒你：承诺了就要做到。Track Record+2，Health-7。", "choiceIndex": 0}, {"year": 2019, "title": "SPAC的诱惑", "eventId": "ev_anecdote_spac", "outcome": "SPAC流程确实快。公司挂牌了，估值确实翻了一倍——然后三个月后跌了70%。你帮LP在高位套现了一部分。AUM+15，Track Record-3。", "choiceIndex": 0}, {"year": 2020, "title": "醉酒的创始人", "eventId": "ev_new_drunk_founder", "outcome": "你当晚就给LP发了一条委婉的风险提示。LP赞赏你的透明度，但创始人知道后觉得你'背后捅刀'。AUM+5（LP信任度提升），Network-8（创始人圈子传出你不靠谱）。", "choiceIndex": 2}, {"year": 2021, "title": "LP的晚宴", "eventId": "ev_anecdote_lp_dinner", "outcome": "你没有说太多话，但你提的两个问题让那位退休大佬记住了你。饭后LP的助理通知你——LP决定追加出资。AUM+12，Network+13。", "choiceIndex": 0}, {"year": 2022, "title": "技术突破", "eventId": "ev_chain_breakthrough", "outcome": "你以最快速度完成了追加投资的流程。三个月后公司的估值翻了五倍。AUM+15，Track Record+7。", "choiceIndex": 0}, {"year": 2023, "title": "接班人的烦恼", "eventId": "ev_career_succession", "outcome": "你的态度让创始合伙人很满意。他开始有意识地让你参与基金的战略决策——但也意味着更多的工作和更大的压力。AUM+15，Health-12。", "choiceIndex": 0}, {"year": 2024, "title": "周年庆", "eventId": "ev_new_anniversary", "outcome": "你和一个入行时认识的朋友喝了杯酒。聊到凌晨两点，你们都感慨万千。Health-3，Network+6。", "choiceIndex": 0}, {"year": 2025, "title": "年度体检", "eventId": "ev_new_annual_checkup", "outcome": "你花了2万做了一个全面深度筛查。甲状腺结节是良性的，但查出了一个早期的胃部问题——及时处理了。AUM-2，Health+10。", "choiceIndex": 2}], "investments": [{"year": 2006, "amount": 5, "isLead": true, "sector": "pc_internet", "status": "resolved", "outcome": "failure", "projectId": "p_2005_im", "outcomeText": "企业市场付费意愿太低，从未达到盈亏平衡。", "projectName": "迅捷通", "maturityYear": 2008, "returnMultiple": 0}, {"year": 2007, "amount": 9, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2006_travel", "outcomeText": "在比价细分做到第一，广告收入稳定回报2倍。", "projectName": "畅游旅行", "maturityYear": 2008, "returnMultiple": 2.7381082107312977}, {"year": 2008, "amount": 8, "isLead": true, "sector": "saas", "status": "resolved", "outcome": "breakeven", "projectId": "p_2007_cafe", "outcomeText": "网吧数量持续萎缩，SaaS收入逐年下降勉强保本。", "projectName": "筑巢平台", "maturityYear": 2009, "returnMultiple": 0.9154551081359388}, {"year": 2009, "amount": 8, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "failure", "projectId": "p_2009_mobilead", "outcomeText": "广告主预算始终没从PC转移过来，资金耗尽。", "projectName": "指媒传媒", "maturityYear": 2010, "returnMultiple": 0}, {"year": 2010, "amount": 11, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "breakeven", "projectId": "p_2011_lbs", "outcomeText": "签到热度退潮后用户活跃度骤降，勉强转型但已失先机。", "projectName": "定位圈", "maturityYear": 2012, "returnMultiple": 1.0713331391103569}, {"year": 2011, "amount": 5, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "breakeven", "projectId": "p_2009_appstore", "outcomeText": "手机厂商预装商店成为主流，第三方商店边缘化。", "projectName": "应用集市", "maturityYear": 2013, "returnMultiple": 1.143873436562717}, {"year": 2012, "amount": 13, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2010_map", "outcomeText": "专注商用车导航细分市场，稳定盈利回报3倍。", "projectName": "途行导航", "maturityYear": 2015, "returnMultiple": 3.1384077444020657}, {"year": 2013, "amount": 21, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "breakeven", "projectId": "p_2016_overseas_shop", "outcomeText": "跨境电商税率调整压缩毛利空间，增速放缓后估值停滞。", "projectName": "全球淘", "maturityYear": 2016, "returnMultiple": 0.8223777520470321}, {"year": 2014, "amount": 24, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2016_newretail", "outcomeText": "在一线城市跑通单城模型，被腾讯系收购回报3倍。", "projectName": "鲜达生活", "maturityYear": 2016, "returnMultiple": 3.649724099133164}, {"year": 2015, "amount": 16, "isLead": true, "sector": "fintech", "status": "resolved", "outcome": "failure", "projectId": "p_2017_blockchain", "outcomeText": "白皮书上的东西从来没做出来过。团队在巴厘岛团建后就再没回过办公室。", "projectName": "链联科技", "maturityYear": 2017, "returnMultiple": 0}, {"year": 2016, "amount": 16, "isLead": true, "sector": "ai", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2015_ai", "outcomeText": "细分赛道站稳，ARR稳定在2亿，被Salesforce中国收购回报4倍。", "projectName": "灵智科技", "maturityYear": 2019, "returnMultiple": 6.912278034444898}, {"year": 2017, "amount": 19, "isLead": true, "sector": "fintech", "status": "resolved", "outcome": "breakeven", "projectId": "p_2014_p2p", "outcomeText": "监管风暴中平台清退，作为股东拿回本金。", "projectName": "鑫融金服", "maturityYear": 2018, "returnMultiple": 1.0355192293412985}, {"year": 2018, "amount": 12, "isLead": true, "sector": "ai", "status": "resolved", "outcome": "breakeven", "projectId": "p_2020_privacy", "outcomeText": "技术很酷但客户不买单——隐私计算的ROI说不清楚。", "projectName": "暗盾科技", "maturityYear": 2019, "returnMultiple": 1.0918175362050535}, {"year": 2019, "amount": 17, "isLead": true, "sector": "consumer", "status": "resolved", "outcome": "huge_success", "projectId": "p_2019_beauty", "outcomeText": "抖音+小红书种草矩阵爆发，年营收破50亿，港股上市回报10倍。", "projectName": "花语纪", "maturityYear": 2021, "returnMultiple": 6.531034828126431}, {"year": 2020, "amount": 26, "isLead": true, "sector": "semiconductor", "status": "resolved", "outcome": "breakeven", "projectId": "p_2019_semi", "outcomeText": "技术路线验证但商业化缓慢，被产业链整合回报接近成本。", "projectName": "芯元芯片", "maturityYear": 2022, "returnMultiple": 1.1826935671269894}, {"year": 2020, "amount": 31, "isLead": true, "sector": "semiconductor", "status": "resolved", "outcome": "failure", "projectId": "p_2019_chip2", "outcomeText": "国际供应链断裂，无法获得先进制程代工。", "projectName": "星际半导体", "maturityYear": 2021, "returnMultiple": 0}, {"year": 2020, "amount": 28, "isLead": true, "sector": "new_energy", "status": "resolved", "outcome": "failure", "projectId": "p_2018_ev", "outcomeText": "电池安全事故+大规模召回，公司资金链断裂。", "projectName": "电动未来", "maturityYear": 2022, "returnMultiple": 0}, {"year": 2021, "amount": 14, "isLead": true, "sector": "saas", "status": "resolved", "outcome": "failure", "projectId": "p_2019_lowcode", "outcomeText": "产品被阿里宜搭像素级抄袭，免费策略下毫无还手之力。", "projectName": "拼搭科技", "maturityYear": 2022, "returnMultiple": 0}, {"year": 2021, "amount": 26, "isLead": true, "sector": "new_energy", "status": "resolved", "outcome": "breakeven", "projectId": "p_2021_ev_battery", "outcomeText": "量产工艺迟迟无法突破，融资消耗殆尽被低价收购。", "projectName": "锂能科技", "maturityYear": 2023, "returnMultiple": 0.9807233540341258}, {"year": 2021, "amount": 32, "isLead": true, "sector": "ai", "status": "resolved", "outcome": "breakeven", "projectId": "p_2020_edtech", "outcomeText": "双减政策落地前夜你嗅到风险，以成本价转让了股份。", "projectName": "领学未来", "maturityYear": 2023, "returnMultiple": 1.1978559453040365}, {"year": 2022, "amount": 23, "isLead": true, "sector": "healthcare", "status": "resolved", "outcome": "failure", "projectId": "p_2023_aidrug", "outcomeText": "核心管线临床失败——这是制药行业每天都在发生的事，AI并没有改变概率。", "projectName": "创药科技", "maturityYear": 2024, "returnMultiple": 0}, {"year": 2022, "amount": 9, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "failure", "projectId": "p_2023_aisafety", "outcomeText": "OpenAI/Anthropic自研安全方案成为行业标准，第三方工具被边缘化。", "projectName": "校准智能", "maturityYear": 2023, "returnMultiple": 0}, {"year": 2022, "amount": 14, "isLead": true, "sector": "fintech", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2024_web3", "outcomeText": "合规化转型做数字版权交易平台回报3倍。", "projectName": "链启未来", "maturityYear": 2024, "returnMultiple": 11.339282031627372}, {"year": 2023, "amount": 17, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "failure", "projectId": "p_2024_digitalhuman", "outcomeText": "数字人直播被315点名——缺乏真实性和误导消费者。", "projectName": "影分身", "maturityYear": 2025, "returnMultiple": 0}, {"year": 2023, "amount": 34, "isLead": true, "sector": "new_energy", "status": "resolved", "outcome": "breakeven", "projectId": "p_2023_fusion", "outcomeText": "在政府项目和科研经费中勉强生存，商业回报遥遥无期。", "projectName": "核聚动力", "maturityYear": 2025, "returnMultiple": 1.1857116620987656}, {"year": 2023, "amount": 29, "isLead": true, "sector": "new_energy", "status": "pending", "outcome": "breakeven", "projectId": "p_2023_space", "outcomeText": "一次发射失败炸掉了全年的收入。", "projectName": "星际航天", "maturityYear": 2026, "returnMultiple": 1.010506008937955}, {"year": 2024, "amount": 21, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "breakeven", "projectId": "p_2025_aicustomer", "outcomeText": "一个AI客服对客户说出了不该说的话，引发舆情危机。", "projectName": "语小助", "maturityYear": 2025, "returnMultiple": 0.8764974490739406}, {"year": 2024, "amount": 18, "isLead": true, "sector": "healthcare", "status": "pending", "outcome": "breakeven", "projectId": "p_2024_synbio", "outcomeText": "量产放大遇到瓶颈，产出效率远低于实验室水平。", "projectName": "创世纪元", "maturityYear": 2027, "returnMultiple": 1.0311161377467215}, {"year": 2024, "amount": 18, "isLead": true, "sector": "aigc", "status": "pending", "outcome": "breakeven", "projectId": "p_2022_aigc_code", "outcomeText": "大厂推出免费竞品，独立工具的生存空间被急剧压缩。", "projectName": "码力科技", "maturityYear": 2026, "returnMultiple": 1.1118989775888624}, {"year": 2025, "amount": 21, "isLead": true, "sector": "aigc", "status": "pending", "outcome": "moderate_success", "projectId": "p_2024_datalabel", "outcomeText": "在专业领域标注建立壁垒(医疗/法律/金融)回报3倍。", "projectName": "标注先锋", "maturityYear": 2027, "returnMultiple": 3.0020110409148035}, {"year": 2025, "amount": 21, "isLead": true, "sector": "aigc", "status": "pending", "outcome": "failure", "projectId": "p_2025_aigc_video", "outcomeText": "视频生成赛道一夜之间变成红海，你的技术优势只维持了三个月。", "projectName": "幻象科技", "maturityYear": 2027, "returnMultiple": 0}, {"year": 2025, "amount": 26, "isLead": true, "sector": "ai", "status": "pending", "outcome": "breakeven", "projectId": "p_2024_embodied", "outcomeText": "具身智能的ChatGPT时刻迟迟不来，烧完钱后估值腰斩。", "projectName": "灵巧机器人", "maturityYear": 2027, "returnMultiple": 1.0085765347816051}]}