{"events": [{"year": 2007, "title": "TS被拒", "eventId": "ev_new_ts_rejection", "outcome": "你没有跟价。你给创始人发了一份详细的投后赋能方案：渠道资源、人才引荐、下一轮FA对接。创始人被打动了。Track Record+3，Network+5。", "choiceIndex": 1}, {"year": 2008, "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": 2009, "title": "尽调惊魂", "eventId": "ev_anecdote_dd_find", "outcome": "创始人给了你一套\"行业特有商业模式\"的解释。你半信半疑地投了。一年后你的怀疑被证实了——但那笔钱已经亏掉了。AUM-10，Track Record-7。", "choiceIndex": 1}, {"year": 2010, "title": "估值泄露", "eventId": "ev_new_leaked_valuation", "outcome": "你查了一圈，发现是项目方自己泄露的——为了制造热度。你把这个发现告诉了创始人，关系更近了一步。Track Record+2，Network+3。", "choiceIndex": 0}, {"year": 2011, "title": "供应商危机", "eventId": "ev_new_supply_chain_2", "outcome": "你翻了通讯录，找到三个可能替代的供应商。其中一个一周内就出了样品。创始人说你是救命的。Network+5，Track Record+2。", "choiceIndex": 0}, {"year": 2012, "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": 2013, "title": "出圈了", "eventId": "ev_chain_viral", "outcome": "你帮公司紧急融资扩产。三个月后热度褪去，仓库里堆满了卖不出去的库存。但你及时止损的策略保住了核心资金。AUM+8，Health-5。", "choiceIndex": 0}, {"year": 2014, "title": "CEO的朋友圈", "eventId": "ev_anecdote_portfolio_ceo", "outcome": "他秒回了。你们聊了两个小时——原来他的联合创始人刚刚提了离职。你帮他分析了局面，他决定第二天跟联合创始人做最后一次深谈。后来联合创始人留了下来。Network+13。", "choiceIndex": 0}, {"year": 2015, "title": "大佬的一句话", "eventId": "ev_anecdote_mentor_advice", "outcome": "你在下一个项目中花了更多时间去了解创始人的性格和决策模式，而不仅仅是他的PPT。这个转变让你的deal质量显著提升。Track Record+4。", "choiceIndex": 0}, {"year": 2016, "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": 2017, "title": "你当年Pass掉的项目", "eventId": "ev_anecdote_missed_unicorn", "outcome": "你辗转联系到创始人。\"我们这轮已经close了。\"对方礼貌地回复。但对方又补了一句：\"不过我有个新项目要启动，你要不要先看看？\"Network+8。", "choiceIndex": 1}, {"year": 2018, "title": "核心出走", "eventId": "ev_chain_key_leave", "outcome": "你在公司旁边的咖啡馆跟CTO谈了四个小时。他最终同意留下——但你承诺的条件（包括加薪和期权）让公司burn rate又涨了。Health-7，AUM-4。", "choiceIndex": 0}, {"year": 2019, "title": "天上掉馅饼", "eventId": "ev_new_random_luck", "outcome": "你果断投了。一年后这个项目估值翻了三倍。Track Record+4，AUM-6。", "choiceIndex": 0}, {"year": 2020, "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": 2021, "title": "赛道转换", "eventId": "ev_new_track_switch", "outcome": "你一边维护原赛道的关系，一边开始看新赛道的项目。两边都没做到最好，但也没有完全失去任何一边。Track Record+1，Network+2，Health-5（双线作战的疲惫）。", "choiceIndex": 2}, {"year": 2022, "title": "IPO窗口期", "eventId": "ev_new_ipo_window", "outcome": "你选了增长最猛的项目。三个月后成功过会，你终于有了一个IPO案例。Track Record+6，Network+8，AUM+10。", "choiceIndex": 0}, {"year": 2023, "title": "LP的疑问", "eventId": "ev_warn_lp_question", "outcome": "LP没有再追问。但你看到了他眼神里的犹豫。这种犹豫会在下一次募资时变成拒绝，Network-5。", "choiceIndex": 1}, {"year": 2024, "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}, {"year": 2025, "title": "春节的问候", "eventId": "ev_anecdote_cny", "outcome": "你给mentor、一个你信任的创始人、和一个长期支持你的LP分别发了不一样的新年祝福。他们的回复让你觉得——在这个浮躁的行业里，真诚依然是一种竞争优势。Network+8。", "choiceIndex": 0}, {"year": 2026, "title": "大佬的私人饭局", "eventId": "ev_network_dinner", "outcome": "你分享的项目引起了热烈讨论。饭后大佬单独留你下来聊了半小时。这次饭局为你带来了两个顶级项目的跟投机会。AUM+8，Track Record+2。", "choiceIndex": 0}], "investments": [{"year": 2006, "amount": 10, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "breakeven", "projectId": "p_2007_b2b", "outcomeText": "2008年金融危机重创外贸，公司转型内贸，艰难保本。", "projectName": "联通商网", "maturityYear": 2007, "returnMultiple": 0.8370023471303285}, {"year": 2007, "amount": 9, "isLead": true, "sector": "pc_internet", "status": "resolved", "outcome": "breakeven", "projectId": "p_2008_adnetwork", "outcomeText": "移动时代来临，PC流量持续萎缩。", "projectName": "流量聚", "maturityYear": 2008, "returnMultiple": 0.852066428307444}, {"year": 2008, "amount": 8, "isLead": true, "sector": "pc_internet", "status": "resolved", "outcome": "failure", "projectId": "p_2005_portal", "outcomeText": "四大门户同时推出类似功能，创业公司毫无还手之力。", "projectName": "潮汐门户", "maturityYear": 2009, "returnMultiple": 0}, {"year": 2009, "amount": 14, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "failure", "projectId": "p_2011_social", "outcomeText": "微信推出类似功能，用户大量流失，公司关停。", "projectName": "星辰网络", "maturityYear": 2011, "returnMultiple": 0}, {"year": 2010, "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": 2012, "returnMultiple": 0}, {"year": 2011, "amount": 17, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2012_ecom_mobile", "outcomeText": "在三四线城市做透，独立发展至IPO回报4倍。", "projectName": "掌上购物", "maturityYear": 2014, "returnMultiple": 3.3515932546695697}, {"year": 2012, "amount": 8, "isLead": true, "sector": "mobile", "status": "resolved", "outcome": "failure", "projectId": "p_2010_reading", "outcomeText": "版权采购烧光融资，付费用户增长远不及预期。", "projectName": "书香阅读", "maturityYear": 2014, "returnMultiple": 0}, {"year": 2013, "amount": 10, "isLead": true, "sector": "fintech", "status": "resolved", "outcome": "breakeven", "projectId": "p_2017_insurtech", "outcomeText": "互联网保险新规出台，经纪牌照门槛提高。", "projectName": "安保易", "maturityYear": 2016, "returnMultiple": 1.0254474681802097}, {"year": 2014, "amount": 19, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2016_crossborder", "outcomeText": "在家具/灯饰/小家电三大品类做到第一回报3倍。", "projectName": "购通全球", "maturityYear": 2017, "returnMultiple": 2.492465130665805}, {"year": 2015, "amount": 11, "isLead": true, "sector": "overseas", "status": "resolved", "outcome": "breakeven", "projectId": "p_2015_overseas_tool", "outcomeText": "亚马逊自建工具免费化，第三方SaaS被边缘化。", "projectName": "越境通", "maturityYear": 2017, "returnMultiple": 1.196102936845273}, {"year": 2016, "amount": 24, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "huge_success", "projectId": "p_2016_newretail", "outcomeText": "新零售风口+阿里加持，全国扩张开店估值暴涨回报15倍。", "projectName": "鲜达生活", "maturityYear": 2019, "returnMultiple": 9.07350186696276}, {"year": 2017, "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": 2018, "returnMultiple": 1.10229301918298}, {"year": 2018, "amount": 13, "isLead": true, "sector": "ecommerce", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2020_secondhand", "outcomeText": "在二手奢侈品品类做到头部，与闲鱼差异化竞争回报3倍。", "projectName": "旋旋圈", "maturityYear": 2021, "returnMultiple": 3.0754754253057763}, {"year": 2019, "amount": 26, "isLead": true, "sector": "new_energy", "status": "resolved", "outcome": "failure", "projectId": "p_2021_ev_battery", "outcomeText": "实验室数据无法在产线上复现——这是硬科技最常见的死法。", "projectName": "锂能科技", "maturityYear": 2021, "returnMultiple": 0}, {"year": 2020, "amount": 26, "isLead": true, "sector": "semiconductor", "status": "resolved", "outcome": "failure", "projectId": "p_2019_semi", "outcomeText": "被美国列入实体清单，无法获得EDA工具授权，研发中断投资大幅减值。", "projectName": "芯元芯片", "maturityYear": 2021, "returnMultiple": 0}, {"year": 2021, "amount": 14, "isLead": true, "sector": "consumer", "status": "resolved", "outcome": "huge_success", "projectId": "p_2021_consumer3", "outcomeText": "被汤臣倍健收购作为年轻化子品牌回报7倍。", "projectName": "活力伙伴的对手——轻食兽", "maturityYear": 2024, "returnMultiple": 5.7636460326612}, {"year": 2022, "amount": 17, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2024_digitalhuman", "outcomeText": "品牌定制数字人+私域运营模式跑通回报3倍。", "projectName": "影分身", "maturityYear": 2025, "returnMultiple": 4.809385772191454}, {"year": 2022, "amount": 18, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2022_aigc_text", "outcomeText": "在垂直领域找到PMF被互联网巨头收购回报5倍。", "projectName": "语思科技", "maturityYear": 2025, "returnMultiple": 25.19693943473976}, {"year": 2022, "amount": 25, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "failure", "projectId": "p_2022_aigc_rival", "outcomeText": "DeepSeek开源多模态模型后技术路线被完全覆盖。", "projectName": "言思的对手——万象智能", "maturityYear": 2024, "returnMultiple": 0}, {"year": 2023, "amount": 23, "isLead": true, "sector": "healthcare", "status": "resolved", "outcome": "breakeven", "projectId": "p_2023_aidrug", "outcomeText": "临床数据不如预期，AI制药的光环褪去融资困难。", "projectName": "创药科技", "maturityYear": 2025, "returnMultiple": 1.0473140923306348}, {"year": 2023, "amount": 17, "isLead": true, "sector": "overseas", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2023_overseas", "outcomeText": "东南亚站稳脚跟稳扎稳打年利润过亿回报3倍。", "projectName": "远洋电商", "maturityYear": 2024, "returnMultiple": 5.757374585350044}, {"year": 2023, "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": 2025, "returnMultiple": 0.9984928458929062}, {"year": 2024, "amount": 9, "isLead": true, "sector": "aigc", "status": "pending", "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": 2027, "returnMultiple": 5.912654873623978}, {"year": 2024, "amount": 18, "isLead": true, "sector": "aigc", "status": "resolved", "outcome": "failure", "projectId": "p_2022_aigc_code", "outcomeText": "程序员普遍不信任AI生成的代码，产品使用率始终上不去。", "projectName": "码力科技", "maturityYear": 2025, "returnMultiple": 0}, {"year": 2024, "amount": 18, "isLead": true, "sector": "healthcare", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2024_synbio", "outcomeText": "与华熙生物战略合作，代工+自有品牌双轮驱动回报4倍。", "projectName": "创世纪元", "maturityYear": 2025, "returnMultiple": 3.841265553853009}, {"year": 2025, "amount": 14, "isLead": true, "sector": "overseas", "status": "resolved", "outcome": "moderate_success", "projectId": "p_2024_overseas_ai", "outcomeText": "在短剧出海细分赛道建立垄断地位回报5倍。", "projectName": "AI远航计划", "maturityYear": 2026, "returnMultiple": 9.479401205910836}, {"year": 2025, "amount": 21, "isLead": true, "sector": "aigc", "status": "pending", "outcome": "breakeven", "projectId": "p_2024_datalabel", "outcomeText": "GPT-5级别的合成数据质量远超人工，标注需求大幅萎缩。", "projectName": "标注先锋", "maturityYear": 2027, "returnMultiple": 0.8899999826215208}, {"year": 2025, "amount": 26, "isLead": true, "sector": "ai", "status": "resolved", "outcome": "failure", "projectId": "p_2024_embodied", "outcomeText": "投资人意识到人形机器人商业化比预期困难得多，赛道估值雪崩清零。", "projectName": "灵巧机器人", "maturityYear": 2026, "returnMultiple": 0}, {"year": 2026, "amount": 25, "isLead": true, "sector": "new_energy", "status": "pending", "outcome": "moderate_success", "projectId": "p_2023_energy_storage", "outcomeText": "在长三角和珠三角园区站稳，年订单破50亿回报3倍。", "projectName": "蓄能未来", "maturityYear": 2029, "returnMultiple": 3.975520163853653}, {"year": 2026, "amount": 25, "isLead": true, "sector": "semiconductor", "status": "pending", "outcome": "failure", "projectId": "p_2022_quantum", "outcomeText": "MIT团队实现量子纠错突破后，你的技术路线被碾压。", "projectName": "量子飞跃", "maturityYear": 2027, "returnMultiple": 0}, {"year": 2026, "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": 2028, "returnMultiple": 7.111730463565327}]}