Abstract:Based on a lot of practice, cooperation of high-level, high-quality, or high-skilled talents’ start-up, business incubation and venture capital institution plays an important role in growth of China's entrepreneurial enterprises. However, the moral hazard caused by information asymmetry will damage the partnership. The paper dissects the influence mechanism of entrepreneurial cooperative decision on cooperative relationship deeply under the condition of bilateral moral hazard, constructs general Nash negotiation game for incubation and venture capital services, and designs moderative strategy under the constraint of service agreement. Based on the cooperative thought, the paper makes a comparative analysis of the four heterogeneity equilibriums of entrepreneurial cooperation under the condition of bilateral moral risk, and discovers the influence mechanism of Nash negotiation game situation heterogeneity on three-high entrepreneurial performance. The empirical results show that the moderative or focal point strategy have significant negative influence on the cooperation performance and the fairness of the cooperative community. Compared with non-cooperation predetermined precept under disciplinal measures, income transfer model is more incentive and has a more critically positive role in promoting entrepreneurial cooperation income. Based on this, this paper puts forward the optimal entrepreneurial cooperation decision suggestions from the aspects of negotiation, game rules, information and resource management, etc, in order to effectively curb bilateral moral risks, eliminate the indifference indeed in the entrepreneurial process, promote entrepreneurial partnership furthest, improve the performance of entrepreneurial cooperation, accelerate the growth of entrepreneurial enterprises, and realize the long-term sustainable development goals of three-high talent’s start-ups betterly. Theoretically, the conclusions establish the entrepreneurial cooperative relationship basics under the condition of bilateral moral hazard, and enrich the partnership theory of entrepreneurial organizations and profit distribution model of entrepreneurial cooperation under various negotiation situation. At a practical level, research conclusions can provide scientific guidelines, empirical evidence and strategic advice for optimum growth and cooperation control of our contemporary three-high talent’ start-ups.