Just as Wall Street has been equated with American financial industry, "Shashan Road" is synonymous with venture capital companies in the eyes of entrepreneurs. Dune Road is located in Menlo Park in the north of Silicon Valley, at the exit of a highway in the north of Stanford University. Only two or three kilometers long, but there are more than a dozen large venture capital companies. At least half of the technology companies listed on Nasdaq are invested by venture capital companies in this street. The most famous are Sequoia Capital (called Sequoia Venture Capital in China), KPCB(Kleiner, Perkins, Caufield &; Byers), NEA (New Enterprise Association), mayfield and so on. Although NEA was born in Baltimore, an "ancient city" in the United States, its business activities are mainly in Silicon Valley. About 500 companies have been invested, one third of which are listed and one third of which are acquired. The investment accuracy is much higher than that of peers. It is also the backing company of Northern Lights Venture Capital in China. Mayfield is one of the earliest venture capital companies, and its legend lies in its successful investment in Genentech and Amgen, the two largest biological companies in the world (these two companies account for about half of the total market value of global biological companies). In addition, it has successfully invested in technology companies such as Compaq, 3COM, SGI and SanDisk. Among all venture capital companies, Sequoia Venture Capital and KPCB are the most worthy books.
As a special form of equity capital, venture capital has a history of 10 years in the process of promoting the development of venture capital industry in China. But today, there are still many problems to be solved in financing channels, scale and quantity of venture capital in China, which has become the "bottleneck" of the development of venture capital industry in China to some extent.