创业风险投资业的发展离不开政府资金和政策等方面的引导和支持。本文提出了政府创业风险投资引导基金的具体组织制度安排,并运用委托代理模型,论证了政府参股有限合伙制创业风险投资公司可以有效地降低投资者与创业风险投资家之间代理成本的同时发挥政府资金的杠杆作用。在此基础上进一步研究有限合伙制创业风险投资公司对投资者、创业风险投资家和创业企业具有内在的制度优势。 Venture venture investment industry can not develop without the government funds and policies and other aspects of the guidance and support. This paper puts forward the specific organization and institutional arrangements of government venture venture capital guiding funds and demonstrates that the government shareholding limited partnership venture capital firms can effectively reduce the agency costs between investors and venture capital investors by using principal-agent model. Leverage of government funds. On the basis of this, further research on limited partnership venture venture capital firms has inherent institutional advantages for investors, venture capital investors and start-ups.