In this round of economic cycle downturn, the contradiction between investors and management has become prominent. Analysts pointed out that a series of investment contradictions in the recent period were apparently due to the fact that venture capital enterprises could not make profits temporarily. During the period of economic contraction, the capital providers put forward particularly strict requirements on "increasing revenue and cutting costs". The actual deeper reason lies in that these venture capital enterprises excessively pursued financing in the early period, which led to equity dilution and lost their ability to control the company.