Accurately speaking, venture capital is VC, which mainly refers to investment behavior. Private placement mainly refers to raising funds. A fund may be publicly raised (public offering) or raised from a specific group of people (private offering). After raising money, if you invest it in emerging growth enterprises, it is risky, that is, venture capital, venture capital, VC. If you invest in a mature enterprise, the risk is low and it belongs to general investment. Have the honor to study and discuss together.