以下为句子列表：
英文: Also, vesting clauses give the VCs a way to remove a badly performing CEO without having to keep him or her as a potentially obstructing minority investor down the road.
中文: 此外，利用授让条款，创投资本家也有权开除表现不佳的管理者，并剥夺其作为公司小股东的身份。
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英文: At some point after VCs give up control, they sell their stock and move on to new investments.
中文: 在此后的某个时刻，创投资本家会出售所持有的股票并把资金转向新的投资项目。
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英文: How do later round VCs view angel investors?
中文: 后期阶段的创投业者如何看待创投天使？
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英文: If the company goes public for a high value, the VCs only keep their cash flow rights, ceding the majority of control to the entrepreneurs.
中文: 如果公司溢价上市，创投资本家通常只保留资金支配权，而放弃对创业者占多数的控制权。
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英文: If the company performs very well, the VCs give up most of their control and liquidation rights and retain only their cash flow rights.
中文: 如果企业经营得非常出色，创投资本家会放弃绝大部分的控制和清算权，而只保留对资金的控制权。
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