Venture Capital Optimal Contract Design and Application Based on Multi-dimensional Screening Model

From the perspective of entrepreneurs, the article set up multi-dimensional screening model between venture capitalists and entrepreneurs, showed multi-dimensional adverse selection that venture capitalists may hiding level of value-adding inputs to induced, improved that venture capitalists equity proportion would be affected positively by value-adding inputs cost, fund and information rents, venture capitalists degree of value-adding implementation would be affected directly by venture capitalists efficiency, if efficiency be low, venture capitalists value-adding implementation degree would be distorted downward, and degree of distortion would be affected by the probability distribution of venture capitalists types, information rents.