{"events": [{"year": 2007, "title": "SPAC的诱惑", "eventId": "ev_anecdote_spac", "outcome": "你拒绝了。半年后SPAC市场崩盘，一大批通过SPAC上市的公司面临集体诉讼。你的创始人打电话来：谢谢你当初拦住了我。Network+5。", "choiceIndex": 1}, {"year": 2008, "title": "FOMO发作", "eventId": "ev_anecdote_fomo", "outcome": "你坐最早一班飞机去了杭州。见到创始人后你发现——这个项目确实不错，但远没有FA说的那么紧俏。你拿到了一个正常估值的deal。Health-5，Network+5。", "choiceIndex": 0}, {"year": 2009, "title": "家里的电话", "eventId": "ev_new_family_pressure", "outcome": "你转了5万块给妈妈。她立刻给王阿姨发了一条语音：'我儿子刚给我转了5万块，说什么公务员有这个待遇吗？'你哭笑不得。AUM-3，Health+6。", "choiceIndex": 2}, {"year": 2010, "title": "被投转型", "eventId": "ev_new_portfolio_pivot", "outcome": "你帮创始人重新梳理了商业模式，介绍了两个企业服务的客户。转型比预期的顺利。Track Record+2，Network+5，AUM-3（额外投入）。", "choiceIndex": 0}, {"year": 2011, "title": "醉酒的创始人", "eventId": "ev_new_drunk_founder", "outcome": "你把创始人约到办公室，把昨晚的事情告诉了他。他沉默了很久，然后打开电脑给你看了真实的数据——比他说的好很多，但确实有些水分。你们达成了整改共识。Track Record+2，Network-3。", "choiceIndex": 1}, {"year": 2012, "title": "监管约谈", "eventId": "ev_new_regulatory_call", "outcome": "你动用了所有关系，找到了一个前监管官员做顾问。合规整改方案很快出来了。项目保住了。Network+6，AUM-4（顾问费）。", "choiceIndex": 0}, {"year": 2013, "title": "FA的BP轰炸", "eventId": "ev_anecdote_fa_bp", "outcome": "你花了三个小时读完了200页。第198页上写着免责声明：\"以上所有数据均为项目方提供，FA未进行独立核实。\"Health-2，但你对行业又多了一层理解。", "choiceIndex": 0}, {"year": 2014, "title": "TS被拒", "eventId": "ev_new_ts_rejection", "outcome": "你咬咬牙把估值提了20%。创始人犹豫了三天，最终签了。但你的AUM压力变大了——这笔投资必须成功。AUM-8，但Track Record+2（市场认可你的判断力）。", "choiceIndex": 0}, {"year": 2015, "title": "TS拉锯战", "eventId": "ev_anecdote_ts_drama", "outcome": "你礼貌地退出了竞争。\"估值不是一切\"——你对创始人说。两周后创始人又联系了你：对方在尽调中发现了问题撤回了TS。你现在有了谈判的主动权，Track Record+4。", "choiceIndex": 0}, {"year": 2016, "title": "副业诱惑", "eventId": "ev_new_side_hustle", "outcome": "你拒绝了。朋友说：'你太保守了。'但你知道分心是VC的大忌。Track Record+2。", "choiceIndex": 1}, {"year": 2017, "title": "行业峰会", "eventId": "ev_career_conference", "outcome": "你全程很少发言，但认真做了笔记。一位大佬注意到了你认真的态度，会后私下给了你一个deal的线索。Network+13。", "choiceIndex": 1}, {"year": 2018, "title": "恩师的电话", "eventId": "ev_career_mentor", "outcome": "你接过了mentor的衣钵。AUM+15，Track Record+6。但你从此背上了一份沉甸甸的责任——你不能辜负他的信任，Network+13。", "choiceIndex": 0}, {"year": 2019, "title": "薪资谈判", "eventId": "ev_career_salary", "outcome": "HR和合伙人讨论后，给了你一个还不错的数字。你接受了——虽然比心理预期低一点。AUM+6。", "choiceIndex": 0}, {"year": 2020, "title": "标题党", "eventId": "ev_anecdote_media_misquote", "outcome": "你花了一整天时间给每个被投公司的CEO打电话解释。他们大多表示理解——但有一个CEO说：\"我希望下次如果你要公开说什么，先告诉我们一声。\"Network+5，Health-2。", "choiceIndex": 0}, {"year": 2021, "title": "竞业风波", "eventId": "ev_career_noncompete", "outcome": "经过三个月的法律较量，你赢了。但律师费花了不少，而且这段时间你完全没法安心看项目。Health-12，AUM-6。", "choiceIndex": 0}, {"year": 2022, "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": 2023, "title": "Carry分配", "eventId": "ev_new_equity_review", "outcome": "你站起来说：'我认为分配方案需要调整。'会议室里安静了三秒。合伙人点了点头，说会重新考虑。Carry比例调了2%。Track Record+2，Network-4。", "choiceIndex": 0}, {"year": 2024, "title": "媒体采访", "eventId": "ev_career_interview", "outcome": "采访效果很好，你的坦诚和逻辑赢得了尊重。文章发出来后，有三个创始人通过朋友联系你想找你融资。Network+13，Track Record+2。", "choiceIndex": 0}, {"year": 2025, "title": "尴尬的圆桌", "eventId": "ev_anecdote_conference_panel", "outcome": "全场大笑。创始人拍了拍你的肩膀说：\"下次融资我第一个找你。\"虽然是个玩笑，但你赢得了在场所有人的好感。Network+13。", "choiceIndex": 0}, {"year": 2026, "title": "圈内丑闻", "eventId": "ev_network_gossip", "outcome": "LP听懂了你的暗示。当丑闻曝光时，你的LP是少数提前做了准备的。他对你的信任大幅提升。Network+8，Track Record+2。", "choiceIndex": 1}], "investments": [{"year": 2006, "amount": 8, "isLead": true, "sector": "pc_internet", "status": "resolved", "outcome": "breakeven", "projectId": "p_2007_novel", "outcomeText": "头部作者被竞品高价挖走，内容质量下滑用户流失。", "projectName": "云上学堂", "maturityYear": 2007, "returnMultiple": 0.9029672596603632}, {"year": 2007, "amount": 11, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "breakeven", "projectId": "p_2008_ecom", "outcomeText": "增长乏力，品类扩张失败，勉强被整合进另一家电商平台。", "projectName": "聚购网", "maturityYear": 2009, "returnMultiple": 1.129284127987921}, {"year": 2008, "amount": 12, "isLead": true, "sector": "pc_internet", "status": "resolved", "outcome": "breakeven", "projectId": "p_2006_search", "outcomeText": "Google退出中国后市场格局固化，公司转型企业搜索，勉力维持。", "projectName": "领航搜索", "maturityYear": 2011, "returnMultiple": 0.9687475002370776}, {"year": 2009, "amount": 13, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "failure", "projectId": "p_2012_weibo", "outcomeText": "被大厂像素级抄袭，差异化优势三个月内消失。", "projectName": "微声", "maturityYear": 2010, "returnMultiple": 0}, {"year": 2010, "amount": 17, "isLead": true, "sector": "fintech", "status": "resolved", "outcome": "failure", "projectId": "p_2012_payment", "outcomeText": "两大巨头的支付战争中没有第三方的位置。", "projectName": "易结付", "maturityYear": 2011, "returnMultiple": 0}, {"year": 2011, "amount": 17, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "failure", "projectId": "p_2012_ecom_mobile", "outcomeText": "供应链和物流投入不足，用户复购率持续走低。", "projectName": "掌上购物", "maturityYear": 2013, "returnMultiple": 0}, {"year": 2012, "amount": 5, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "huge_success", "projectId": "p_2009_appstore", "outcomeText": "踩中Android用户爆发红利，日活破千万，被腾讯应用宝并购回报6倍。", "projectName": "应用集市", "maturityYear": 2014, "returnMultiple": 4.38173315037042}, {"year": 2013, "amount": 12, "isLead": true, "sector": "o2o", "status": "resolved", "outcome": "breakeven", "projectId": "p_2013_food", "outcomeText": "补贴大战打不起，校园市场被巨头分食。", "projectName": "味达外卖", "maturityYear": 2015, "returnMultiple": 1.07136522307992}, {"year": 2014, "amount": 13, "isLead": true, "sector": "pc_internet", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2017_vr", "outcomeText": "在商场VR体验馆做到连锁第一回报2倍。", "projectName": "虚实互联", "maturityYear": 2015, "returnMultiple": 4.425535924206487}, {"year": 2015, "amount": 21, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2016_overseas_shop", "outcomeText": "在母婴和美妆垂类做到第一，稳定盈利回报3倍。", "projectName": "全球淘", "maturityYear": 2016, "returnMultiple": 3.1328653434757143}, {"year": 2016, "amount": 18, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "failure", "projectId": "p_2015_live", "outcomeText": "头部主播集体跳槽，用户跟着走了，平台空壳化。", "projectName": "燎原直播", "maturityYear": 2018, "returnMultiple": 0}, {"year": 2017, "amount": 26, "isLead": true, "sector": "o2o", "status": "resolved", "outcome": "huge_success", "projectId": "p_2014_bike", "outcomeText": "融资速度赶上烧钱速度被阿里系高估值收购回报8倍。", "projectName": "迅风单车", "maturityYear": 2020, "returnMultiple": 9.02886425619945}, {"year": 2018, "amount": 26, "isLead": true, "sector": "new_energy", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2021_ev_battery", "outcomeText": "在特定应用场景率先量产，成为电池细分龙头回报5倍。", "projectName": "锂能科技", "maturityYear": 2021, "returnMultiple": 10.108076900071463}, {"year": 2019, "amount": 31, "isLead": true, "sector": "semiconductor", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2019_chip2", "outcomeText": "AI推理芯片在IoT场景量产落地回报4倍。", "projectName": "星际半导体", "maturityYear": 2021, "returnMultiple": 6.93541282871738}, {"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": 2023, "returnMultiple": 0.8926238046959043}, {"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": 2022, "amount": 29, "isLead": true, "sector": "new_energy", "status": "resolved", "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": 2023, "returnMultiple": 0.8814765757881106}, {"year": 2023, "amount": 28, "isLead": true, "sector": "new_energy", "status": "resolved", "outcome": "failure", "projectId": "p_2025_lowalt", "outcomeText": "一起事故引发全社会对低空飞行安全的质疑，行业被监管冰封。", "projectName": "云翔科技", "maturityYear": 2024, "returnMultiple": 0}, {"year": 2024, "amount": 9, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2023_aisafety", "outcomeText": "政府和金融行业AI审计刚需回报5倍。", "projectName": "校准智能", "maturityYear": 2025, "returnMultiple": 6.65013805318158}, {"year": 2024, "amount": 25, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "huge_success", "projectId": "p_2022_aigc_rival", "outcomeText": "视觉+语言多模态能力被市场验证，被阿里高价收购回报40倍。", "projectName": "言思的对手——万象智能", "maturityYear": 2026, "returnMultiple": 31.385183481015265}, {"year": 2024, "amount": 25, "isLead": true, "sector": "ai", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2025_embodied2", "outcomeText": "在汽车总装环节实现柔性自动化突破回报4倍。", "projectName": "灵巧对手——铁臂科技", "maturityYear": 2026, "returnMultiple": 4.3868256610957905}, {"year": 2025, "amount": 26, "isLead": true, "sector": "ai", "status": "resolved", "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": 2026, "returnMultiple": 0.8463898901827633}, {"year": 2025, "amount": 21, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "breakeven", "projectId": "p_2025_aigc_video", "outcomeText": "大厂自研视频模型效果超越，创业公司的护城河不够深。", "projectName": "幻象科技", "maturityYear": 2026, "returnMultiple": 1.1758450315333904}, {"year": 2025, "amount": 14, "isLead": true, "sector": "fintech", "status": "pending", "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": 2027, "returnMultiple": 10.173639260390772}]}