大学核心商务英语读写教程3Unit2-VENTURE-CAPITAL课件

UNITTWOVENTURECAPITAL耿铺径闸击嚼暗泳夏敲恒录嫩莲润光诉匙侥渊惮逝航啦逐辗佳涤苹宙巷榔大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALUNITTWO耿铺径闸击嚼暗泳夏敲恒录嫩莲润光诉匙侥渊惮逝1ObjectivesTogetfamiliarwithcasestudyToknowsomethingaboutventurecapital

TolearnnewwordsandexpressionsTomasterhowtoanalyzedifficultandlongsentences老荷锈蚁垦没筛贸蓖椿纠清醋阵匹嫌盅陕料皑颁逻例令氮父新旦杂挤锡绽大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALObjectivesTogetfamiliarwith21.BackgroundInformation2.IntroductiontotheText3.BusinessTerms4.WordsandExpressions5.NotestotheTextTextAIntroductiontoVentureCapital溯闪纯制乱汞抱贝饭电帧勘脑唉蜡患谈疼失厕右坞湖梦虹庞剔玲禾阎荐捉大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL1.BackgroundInformation2.In3Venturecapitalisprovidedasseedfundingtoearly-stage,high-potential,growthcompaniesandmoreoftenaftertheseedfundingroundasgrowthfundinground(alsoreferredasSeriesAround)intheinterestofgeneratingareturnthroughaneventualrealizationeventsuchasanIPOortradesaleofthecompany.Toputitsimply,aninvestmentfirmwillgivemoneytoagrowingcompany.Thegrowingcompanywillthenusethismoneytoadvertise,doresearch,buildinfrastructure,developproductsetc.Theinvestmentfirmiscalledaventurecapitalfirm,andthemoneythatitgivesiscalledventurecapital.Theventurecapitalfirmmakesmoneybyowningastakeinthefirmitinvestsin.Thefirmsthataventurecapitalfirmwillinvestinusuallyhaveanoveltechnologyorbusinessmodel.1.BackgroundInformation熟殉泵旭溯掌厨瘁踏浦贬蓑汗叹谷慧蜘粘碑重脂箍兹乍黎穗家札袋臻市晒大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALVenturecapitalisprovidedas4Venturecapitalinvestmentsaregenerallymadeincashinexchangeforsharesintheinvestedcompany.Itistypicalforventurecapitalinvestorstoidentifyandbackcompaniesinhightechnologyindustries,suchasbiotechnologyandIT.Venturecapitaltypicallycomesfrominstitutionalinvestorsandhighnetworthindividuals,andispooledtogetherbydedicatedinvestmentfirms.Venturecapitalfirmstypicallycomprisesmallteamswithtechnologybackgrounds(scientists,researchers)orthosewithbusinesstrainingordeepindustryexperience.AcoreskillwithinVCistheabilitytoidentifynoveltechnologiesthathavethepotentialtogeneratehighcommercialreturnsatanearlystage.1.BackgroundInformation逾了聚淌波槽隙忻砒邑吴哗痔秀输橙恭仔远榜撼炬然玻公隅旷挡缆悯小狭大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALVenturecapitalinvestmentsar5

ThemeoftheText：TextAintroducessomebasicinformationaboutventurecapital.Fromsuchaspectsasitsdefinition,capitalists’intentionsandpreferences,runnningterm,etc.aclearandthoroughpanoramaofventurecapitalispresented.2.IntroductiontotheText揪窿蚌收昌撒旅屿架酝滔际儿肠覆蕴名诌苞蚕串汤寓沛抄陇钳篷剥笑胸爵大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALThemeoftheText：2.Introd6本商务语篇为说明文体，具体为商务信息简介。文章介绍了有关风险投资的一些基本常识。文章从什么是风险投资、风险投资的投资意向和偏好、风险投资的期限、以及风险投资的资金筹措和具体投资过程等诸多方面将有关风险投资的信息呈现在读者面前。

由于文章的写作目的是介绍基本常识，所用语言力求简明准确、浅显易懂，避免出现过于专业化的词汇用语。但由于文章本身具有的商业元素，不可避免地涉及到一些专业化的商业词汇使用，如第六段中出现的“有限合伙”、最后一段提及的“天使投资”等，这些专业化词语的使用可避免冗长的解释，节省了版面。文体特征分析2.IntroductiontotheText

钓雨柏置利鲁烂宏青慎重腋通职剃向嫩丑颠庶疆疆研猖创文它驮避冰身受大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL本商务语篇为说明文体，具体为商务信息简介。文章介绍了有关风7Alimitedpartnershipconsistsoftwoormorepersons,withatleastonegeneralpartnerandonelimitedpartner.WhileageneralpartnerinanLPhasunlimitedpersonalliability,alimitedpartner'sliabilityislimitedtotheamountofhisorherinvestmentinthecompany.LP'sarecreaturesofstatutesincetheymustfilewiththestatetoformthem.Becauseofthelimitedliabilityoflimitedpartnerships,theyoftenareusedasvehiclesforraisingcapital.Thelimitedpartnershipisaseparateentityandfilestaxesasaseparateentity.1.LimitedPartnership/LP有限合伙3.BusinessTerms

国岭厩怒肺由棺砸灿朽如铅校境刮军潘瓶赔答溉降息拎凭蔫唇涛九卓怖鱼大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALAlimitedpartnershipconsists8Anangelinvestororangel(alsoknownasabusinessangelorinformalinvestor)isanaffluentindividualwhoprovidescapitalforabusinessstart-up,usuallyinexchangeforconvertibledebtorownershipequity.Asmallbutincreasingnumberofangelinvestorsorganizethemselvesintoangelgroupsorangelnetworkstoshareresearchandpooltheirinvestmentcapital.2.businessangels天使投资

3.BusinessTerms

踪夸汗戮浴贾接冕狸抡牙绷躁凑同惫愧忘粤吸勺衙亲殷异盲诺霓扦贤吊齐大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALAnangelinvestororangel(al9Ordinarysharesarealsoknownasequitysharesandtheyarethemostcommonformofshare.Anordinarysharegivestherighttoitsownertoshareintheprofitsofthecompany(dividends)andtovoteatgeneralmeetingsofthecompany.Sincetheprofitsofcompaniescanvarywildlyfromyeartoyear,socanthedividendspaidtoordinaryshareholders.Inbadyears,dividendsmaybenothingwhereasingoodyearstheymaybesubstantial.

3.ordinaryshares普通股

3.BusinessTerms

冻硫喂畸贯垮晚畜崖鳃亦硝西躲签铀什粮呆驯轨俘炕暖尚育开涛坑筹醋景大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALOrdinarysharesarealsoknown10Somebusinessesmaychoosetopayoutadividendevenifithashadadifficulttradingyearandhasmadealoss!Ordinaryshareholderscanvoteonalloftheissuesraisedatageneralmeetingofthecompanyincluding:AppointmentofdirectorsandauditorsWhethertoacceptthedividendproposedChangestothecompany'sconstitution(memorandumandarticlesofassociation)3.ordinaryshares普通股

3.BusinessTerms

续苍空晰娜苔捻奈傀波铬苍鸣邑稀厕立匪羹烯网蔓枯自摆芦募瞩乙成瘫笛大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALSomebusinessesmaychooseto11Thesemayalsobeknownas“A”ordinaryshares,cumulativeconvertibleparticipatingpreferredordinarysharesorcumulativepreferredordinaryshares.Theseareequityshareswithpreferredrights.Typicallytheywillrankaheadoftheordinarysharesforbothincomeandcapital.Oncethepreferredordinarysharecapitalhasbeenrepaidandthentheordinarysharecapitalhasbeenrepaid,thetwoclasseswouldthenrankparipassuinsharinganysurpluscapital.Theirincomerightsmaybedefined;theymaybeentitledtoafixeddividend(apercentagelinkedtothesubscriptionprice)and/ortheymayhavearighttoadefinedshareofthecompany’sprofits–knownasaparticipatingdividend.Preferredordinaryshareshavevotes.4.preferredordinaryshares优先普通股3.BusinessTerms

睛上搔慌更胶联讹趾撇披淡不轻粤恐嚣瓤跋蛀建佑蔗麻痉律塞啄韵晾仑麦大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALThesemayalsobeknownas“A”12Preferenceshares,alsocalledpreferredstock,arecapitalstockwhichprovidesaspecificdividendthatispaidbeforeanydividendsarepaidtocommonstockholders,andwhichtakesprecedenceovercommonstockintheeventofaliquidation.Likecommonstock,preferencesharesrepresentpartialownershipinacompany,althoughpreferredstockshareholdersdonotenjoyanyofthevotingrightsofcommonstockholders.

5.preferenceshares优先股

3.BusinessTerms

情孟灭刑假姨操仿秧洁寅诸值啃槽苗娶毡耕恍馈储逞骄绩倪弘稗羞暮辆棱大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALPreferenceshares,alsocalled13Alsounlikecommonstock,preferencesharespayafixeddividendthatdoesnotfluctuate,althoughthecompanydoesnothavetopaythisdividendifitlacksthefinancialabilitytodoso.Themainbenefittoowningpreferencesharesarethattheinvestorhasagreaterclaimonthecompany'sassetsthancommonstockholders.Preferredshareholdersalwaysreceivetheirdividendsfirstand,intheeventthecompanygoesbankrupt,preferredshareholdersarepaidoffbeforecommonstockholders.Ingeneral,therearefourdifferenttypesofpreferredstock:cumulativepreferred,non-cumulative,participating,andconvertible.alsocalledpreferredstock.5.preferenceshares优先股

3.BusinessTerms

传谣盛恶蓬候样吞莹更达庙凹驹立搏侨札屎始赞瞪暖畜乍棵瓷腔趣材授姥大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALAlsounlikecommonstock,pref14Loancapital,alsocalledborrowedcapitalisapartofafirm'scapitalemployedthatisnotequitycapital,earnsafixedrateofinterestinsteadofdividends,andmustberepaidwithinaspecifiedperiod,irrespectiveofthefirm'sfinancialposition.Itmaybeobtainedfromabankorfinancecompanyaslong-termloans,orfromdebt-equityinvestorsintheformofdebenturesorpreferredstock(preferenceshares),andisusuallysecuredbyafixedand/orfloatingchargeonthefirm'sassets.Unlikedebtcapital,itdoesnotincludeshort-termloans.6.loancapital借贷资本3.BusinessTerms

萎呵辨汹栗菜甩获峦饶舍庄衍聚富删观势忧殉鸿沾慨侵纬圆驻咬氮瞧坎慨大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALLoancapital,alsocalledborr15(1)equity/’ekwiti/n.

ereMeaning4.WordsandExpressionsExampletheownershipinterestofshareholdersinacorporation

Theequitymarketsralliedandtheeconomyafterexperiencingahiccup,continuedtogrowforanother30months.股市上涨，经济在经历打击后出现了连续30个月的增长。

顿穗黄树班穷瑰栏包毕叭对佑严射揭娩值押啼起劲况冀鸽赞伪如连枣漂唤大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(1)equity/’ekwiti/n.ere16(2)turnaround/’tə:nəraund/n.

ereMeaning4.WordsandExpressionsExampletheprocessofortimeneededforperformingatask,especiallyreceiving,completing,andreturninganassignment

Itisagoodpolicythatleadingtofasterturnaroundandhigherthroughputwithlessdrainonstaffresources.在更少的人力资源的情况下，带来更快的转变和更高的产出，这不失为一个好政策。帛牢看厦魄咀淆暖缆支汪伊垃剩耽搜项昏去紧僵貌消并逻释杉栋沪不砰乖大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(2)turnaround/’tə:nəraund/17(3)revitalize/ri:’vaɪtl,aɪz/vt.

ereMeaning4.WordsandExpressionsExamplerestorestrength;givenewlifeorvigorto

Thestategovernmenttriedtorevitalizeaflaggingeconomy.政府试图给正在衰退的经济以新生。宛消涕怕哀梯泪铺草铺敬酉双迷爪阶养满东尖唇抡菩钨馁辊搁芬战毁箕菌大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(3)revitalize/ri:’vaɪtl,aɪz18(4)entrepreneurial/ɔntrəprə'nə:rəl/a.

ereMeaning4.WordsandExpressionsExampleoforrelatingtoanentrepreneur

Theentrepreneurialspirit,whichbringsgreateremploymentopportunities,isthedynamoforeconomicgrowth.创业活动带来的不仅仅是就业机会，也带来经济增长的动力。彤贤官基津溅屠毡倔蹦咽鲸网膀雁垃招猩袒决蓟评拉馅揩骨筑醇武徒壬窜大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(4)entrepreneurial/ɔntrəprə19(5)profile/’prəufail/n.

ereMeaning4.WordsandExpressionsExampleasideviewofanobjectorstructure,especiallyofthehumanhead;anoutlineofanobjectWecouldseetheprofileofadistanthillifitisveryclear.

如果天气晴朗,我们可看到远山的轮廓。

露捣南搂默苍婴寿蹬娩漫儿坑数脓剪而页坝大杀燥照厘箔兜掌锻膊腰盐攀大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(5)profile/’prəufail/n.e20(6)prospect/’prɔspekt/n.

ereMeaning4.WordsandExpressionsExamplesomethingexpected;apossibility;financialexpectations,especiallyofsuccess

Iseeno(notmuch)prospectofecomomicrecovery.我看不出经济有（多大）恢复的希望。枝毒涎惜跋愿绵卫辗所绳檀末框沤宴哎姥劣陈吧饱己恩禾碰港饵靳锈钓你大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(6)prospect/’prɔspekt/n.21(7)quote/kwəut/v.

ereMeaning4.WordsandExpressionsExampletoofferasapriceoramount,tolist

Intheshortterm,theperceivedcheapnessofdebtispersuadingprivate-equitygroupsthattheycanmakebigprofitsfrombuyingquotedcompanies.短期之内，在察觉到债券的廉价后，私人股权集团会相信他们可以从购买上市公司取得高额利润。拾故焊耘道猿诌远仗权析排由肺唐斧跃慨变散女误他班必芜际昼娠骑采舒大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(7)quote/kwəut/v.ereMea22(8)viable/’vaɪəbəl/adj.

ereMeaning4.WordsandExpressionsExamplecapableofsuccessorcontinuingeffectiveness;practicable

Engineersarestilltryingtocomeupwithacommerciallyviablereplacementforinternal-combustionengines.工程师在设法制造一种在商业上切实可行的发动机来取代内燃机。

错惠昏返胸炮缔索列廉稍刑拒某俄宅茫昔事炕吭雁粤赛弟勒紫粗钻晦湖病大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(8)viable/’vaɪəbəl/adj.e23(9)exploit/iks’plɔit/vt.

ereMeaning4.WordsandExpressionsExampleemploytothegreatestpossibleadvantage

Manycountriesexploitoilunderthesea.许多国家在海底开采石油。

汕但屿酣窗桐酞疲坝惨滥碟猿羽叉逼灭蚕赶忱靠令息阴汗射找枪罕封郧澳大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(9)exploit/iks’plɔit/vt.24ereMeaning4.WordsandExpressionsExamplewithoutconsiderationof;regardlessof

Allrelationsofproductionandsuperstructures,irrespectiveoftheirnature,developwiththedevelopmentofproductiveforces.无论什么样的生产关系和上层建筑，都要随着生产力的发展而发展。

(10)irrespectiveof

斜岿短琴悔不晨帮跌郧冤臻纹错爽悲商扮诽瀑旁湛襟跨贰氧片佩冠烽疥园大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALereMeaning4.WordsandExpre25ereMeaning4.WordsandExpressionsExampleaccordingtotheexperience;generallyspeaking

Asaroughruleofthumb,forevery1percentofgrossnationalproductdevotedtomilitaryspending,overalleconomicgrowthisreducedbyaboutone-halfapercent.一般原则大致是，国民生产总值毛额每百分之一用于军事开支，全盘经济增长会减少百分之零点五。

(11)asaruleofthumb

器绍脊蔬揪衣钝留懊舍画茄栈淖浑鸿设吻圭流静鸥喊瀑痘吸档由棘刷通孔大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALereMeaning4.WordsandExpre26[解析]

本句中capital是主语，其后的that为capital同位语，被动语态isinvested做谓语；wherethereisasubstantialelementofriskrelatingtothefuturecreationofprofitsandcashflows是定语从句，修饰business，其中现在分词短语relatingtothefuturecreationofprofitsandcashflows在定语从句中做状语。1.Inotherwords,capitalthatisinvestedinaproject,orabusinesswherethereisasubstantialelementofriskrelatingtothefuturecreationofprofitsandcashflows.(Para.1)5.NotestotheText溅揭纬犁嚎毡帛洱挂伙厢尉扯香钧镀痞丝脐脾颈渴故嘶主模宜妮激烈冷考大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]1.Inotherwords,capita27[释义]

Whenthebusinessissoldtoanotherowner,theventurecapitalistcangiveupthebusinessbysellingitsshareholdingandgenerallyearnsthisreturn.

2.Thisreturnisgenerallyearnedwhentheventurecapitalist"exits"bysellingitsshareholdingwhenthebusinessissoldtoanotherowner.(Para.2)

5.NotestotheText四执耿鸯沧忽惺搪距秉榆祭渣货蹲惰逝伞抿佳纶哀雁疹萧革拂亥槽脊跳上大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[释义]2.Thisreturnisgeneral28[解析]

介词短语withhighgrowthprospects和定语从句whicharemanagedbyexperiencedandambitiousteams都是修饰先行词companies；而定语从句whoarecapableofturningtheirbusinessplanintoreality则是修饰先行词teams。

3.Venturecapitalinvestorsareonlyinterestedincompanieswithhighgrowthprospects,whicharemanagedbyexperiencedandambitiousteamswhoarecapableofturningtheirbusinessplanintoreality.(Para.3)

5.NotestotheText钮惠旦颊芳菊捍浓锚宫德仁了税沙订涸语牟议孺擅作煤褪拆哗静琉膏喇札大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]3.Venturecapitalinvest29[解析]

本句是一个比较状语从句，两个比较成分是Investmentsinmorematurebusinesses和investmentsinearly-stageortechnologycompanies，定语从句wherethebusinessperformancecanbeimprovedquickerandeasier和whereittakestimetodevelopthebusinessmodel分别修饰这两个比较成分。

4.Investmentsinmorematurebusinesses,wherethebusinessperformancecanbeimprovedquickerandeasier,areoftensoldsoonerthaninvestmentsinearly-stageortechnologycompanieswhereittakestimetodevelopthebusinessmodel.(Para.4)5.NotestotheText矗铅板习缕脚望堑付憾侣惟惺钢航帖裂讨壳多衷啪克秤沤括瑟如何棺牡盈大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]4.Investmentsinmorema305.Toobtaintheirfunds,venturecapitalfirmshavetodemonstrateagoodtrackrecordandtheprospectofproducingreturnsgreaterthancanbeachievedthroughfixedinterestorquotedequityinvestments.(Para.5)5.NotestotheText[释义]Toobtaintheirfunds,venturecapitalfirmshavetodemonstrateagoodtrackrecordoftheirpastinvestmentandtheprospectofmoreproducingreturnsthatinvesterscanearnfrominvestinginventurecapitalfirmsthanthosetheyearnthroughfixedinterestorquotedequityinvestments.

豹唐窑屎凿僵壤鸿眺馈苯壬涌倡采坊宣赴掳同晌比与妖银活拭喷没脑钟赶大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL5.Toobtaintheirfunds,vent31[解析]

本句中动词demonstrate有两个宾语，分别是agoodtrackrecord和theprospectofproducingreturns，greaterthancanbeachievedthroughfixedinterestorquotedequityinvestments是producingreturns的定语。

5.Toobtaintheirfunds,venturecapitalfirmshavetodemonstrateagoodtrackrecordandtheprospectofproducingreturnsgreaterthancanbeachievedthroughfixedinterestorquotedequityinvestments.(Para.5)5.NotestotheText舞杂吻刽竟薪股领褂棺油宦毁恰渺嚎黎祈矫战桔课玛叼勃媚琼交略巩蟹勒大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]5.Toobtaintheirfunds,32[解析]

本句中approach是名词，意为abusinessplanthatapproachesventurecapitalistfortheinitialevaluation。6.Mostapproachestoventurecapitalistsarerejectedatthisstage.(Para.8)

5.NotestotheText椿汇戒平和钠坦撂智脸悼媳丰肋装就修广穗眨溢秋屈卤犁獭啼鸯毛能荐绩大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]6.Mostapproachestoven331.BackgroundInformation2.IntroductiontotheText3.WordsandExpressions4.NotestotheTextTextBSomeInsightsintoVentureCapital帖极黔卧陇狠吟辑冬吞言哇空刘逢饯犀仗司浮竭祥澄羹共耻固陌贯踏蓑距大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL1.BackgroundInformation2.In34Bydefinition,VCsalsotakearoleinmanagingentrepreneurialcompaniesatanearlystage,thusaddingskillsaswellascapital(therebydifferentiatingVCfrombuy-outprivateequity,whichtypicallyinvestincompanieswithprovenrevenue),andtherebypotentiallyrealizingmuchhigherratesofreturns.Inherentinrealizingabnormallyhighratesofreturnsistheriskoflosingallofone'sinvestmentinagivenstartupcompany.Asaconsequencemostventurecapitalinvestmentsaredoneinapoolformat,whereseveralinvestorscombinetheirinvestmentsintoonelargefundthatinvestsinmanydifferentstartupcompanies.Byinvestinginthepoolformat,theinvestorsarespreadingouttheirrisktomanydifferentinvestmentsversustakingthechanceofputtingalloftheirmoneyinonestartupfirm.1.BackgroundInformation姿游役埋萨构稠有苗帜紧拓粱娟搓茅割命虞浊邵无僻忿社师护躬徒弊横皖大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALBydefinition,VCsalsotakea35

ThemeoftheText：

TextBillustratessomepersonalinsightsintoventurecapital.Theauthorsharestenhelpfulsuggestionswiththosewhoareseekingventurecaptital,andremindsthemofgettingeverythingreadybeforetheeffortstobemadetoseekventurecapital.2.IntroductiontotheText痰宴纂溜渝蛋晰捧舅数蒜侠乳埂遣纪猾豺商捌透脱嚼篮额朔放注列创鞘广大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALThemeoftheText：2.Introd36本商务语篇为个人商务观点阐述。文章从10个方面分享了作者个人对寻求风险投资的有益见解，提醒处于创业期的的企业家在寻求风险投资时需要特别关注的有关事项，以便能够尽快顺利地获得相应的风险投资。

文体特征分析2.IntroductiontotheText

在全部10条见解中，作者三次用到“Rememberthat”这一语气强烈、不容置疑的祈使结构，反映出作者重点强调，希望相关人员能够充分认识到这一情况的强烈愿望。擂肄愚呼凉顾趾盎钧谚抹祸触廉届屑祝赤妈肯齐哮涤帛蔑衍俏咐葵硼斧戚大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL本商务语篇为个人商务观点阐述。文章从10个方面分享了作者个人37(1)forego/fɔ:’ɡəu/v.

ereMeaning3.WordsandExpressionsExamplebeearlierintime;gobackfurther

Foregoexfoliatingtreatmentsataspaandwhipupyourown:Mixahandfulofcoarsesugarcrystalswithsomeoliveoil,andusetosloughoffdeadskinintheshower.在去矿泉疗养院做去死皮治疗前，可自己动手护理一下：可将一把粗糖放入橄榄油内搅拌，然后在淋浴时用搅拌液搓去身上的死皮。

蛮柳防匈锹枫涣巫缀尚直萄需恍褂禾汞鲁超庄胺狈恍保跟银楼思锅辞本骏大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(1)forego/fɔ:’ɡəu/v.ere38(2)counsel/’kaunsəl/n./v.

ereMeaning3.WordsandExpressionsExamplen.sth.thatprovidesdirectionoradviceastoadecisionorcourseofactionv.giveadviceto

Iftheolddogbarks,hegivescounsel.不听老人言，吃亏在眼前。Theycounselagainsttravelingatnightinsuchadangerouscountry.他们劝告说勿在此危险的国家夜游。冲颅诱民嘉勉刺附毯缓柿撞卤职爸粹隐吨宾遁隆赛泣蛾添髓豹炬秃抒瓤溢大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(2)counsel/’kaunsəl/n./v.39(3)nuanced/’nju:ɔnst/adj.

ereMeaning3.WordsandExpressionsExampleofaslightdifferenceanddistinction

Asanartform,rapmusicisimpromptuandfast-paced,topicalandinsightful,requiringskillsoflanguage,nuancedandkeenobservation,aswellasemotionaltruth.作为一种艺术形式，唱饶音乐是即兴的、有主题有洞察力的，需要言的技巧、细微敏锐的观察力和真实情感。娟熏嫁红摧朽停认氨敛衣髓热验故杯刁入单娄启赡汇般杀松舆印穿聂形凄大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(3)nuanced/’nju:ɔnst/adj.40(4)top-tier/’tɔptɪə/n.

ereMeaning3.WordsandExpressionsExampleofthehigherlevelorclass

Theethnic,geographicandracialprofilinggoesintoassemblingclassesatthetop-tiercollegesanduniversities.一流院校的课堂刻意汇集来自各族裔、区域与种族的学生。

柔鸟里钧膛牲探瞒拉胆唾和字摔抛龚近钨钒豁墟臀滨混茸冕疚铡隶异悼垃大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(4)top-tier/’tɔptɪə/n.er41(5)transparency/træns’peərənsi:/n.

ereMeaning3.WordsandExpressionsExamplethequalityofbeingclearandtransparent

Inmanyforeigncountries,thefinancialmarketshavebeenfocusingonregulation,riskmanagement,customerservice,improvementofefficiency,transparency,costcutting,etc.在国外许多国家，金融市场主要将重点放在调整、风险管理、消费者服务、提高效率、透明度、成本削减等方面。

翟涉膨头丫孩予联俭龙痴恬辫翻嘉饰稼较赫虹迅靴个颠如煤犹必殃碎速樟大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(5)transparency/træns’peərə42(6)integrity/in’teɡriti/n.

ereMeaning3.WordsandExpressionsExamplemoralsoundness

Myrespectforyourintelligenceisonlyequalledbymyadmirationforyourintegrity.我对你聪明才智的敬佩不亚于对你为人正直的景仰。烘辅眶枝扇大碗厢搽遥克即唾归咽楔快蛰障夫桂谱轧铰剪截济雾馈疥沙覆大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(6)integrity/in’teɡriti/n.43(7)optimal/’ɔptəməl/adj.

ereMeaning3.WordsandExpressionsExamplemostdesirableunderarestrictionexpressedorimplied

Whattheinvestorsmostfocusonishowtheycanfindtheoptimalportfolioandgetthemaximumprofits.投资者最为关注的是如何找到最佳投资组合，获得最大利润。

趣鸣旬驼叁弦枣荤呼满扯巍杯根镀工擅罪门牟惦拙品葬套蔫秃衬晃糟皂看大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL(7)optimal/’ɔptəməl/adj.44ereMeaning3.WordsandExpressionsExamplepersuadesb.nottodosth.

Hispartnertriedtotalkhimoutofgivinguptheideaofpursuingventurecapital,butinvain.他的合伙人力劝他放弃寻求风险投资的想法，但毫无用处。

(8)talkedsboutofsth./doingsth.

怜惫谨蕊弦豌川泵炽的瓷斜悄棺瞧儿愈盖谤煎殿荤灰综亨谜泼挞津竖摔鼓大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALereMeaning3.WordsandExpre45ereMeaning3.WordsandExpressionsExampleinone’sfavor;forone’sowngood

ThepresentdevaluationofU.S.dollarsistotheadvantageoftheUnitedStates.目前的美元贬值对美国大有好处。(9)toone'sadvantage/totheadvantageofsb.倦邪役蒋科辜郸缨孔槛淤垦撼朝幻暴酋肯填限搅矾辞一渍偏涂描澜赃挪尧大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALereMeaning3.WordsandExpre46[解析]本句是简单句，主语是this，谓语是由not…but…连接的两个系表结构。not…but…表示“不是…而是…”，引导并列结构。例如：Herangerisnotbecauseyoudidn’ttellheraboutit,butbecauseyoutoldothersnottotellheraboutit.1.Thisisnotareflectiononyouoryouridea,butisoftenpurelyafunctionoftiming.(Para.5)4.NotestotheText申斯砾宴揉达锑森尚恼啄丘晴释倚卜枷郎蛤灌早实静盈嫡挡衬痉否肃荒营大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]1.Thisisnotareflectio47[释义]

Thefactswillappearandbecomevisiblefinally,andwhenithappens,itisnotgoodforyou.

2.Theywillcomeouteventually,andlaterisrarelybetterforyou.(Para.8)4.NotestotheText润拇淮蚤厚煞湍门倚浇倔儿蛋姑分坑艺韧枢峪擅远同捻炯虚必湾讨搏终氢大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[释义]2.Theywillcomeouteve48[解析]本句是简单句。Between…and…结构在句中作状语，定语从句initialtermsareagreedto修饰先行词thetime。

3.Betweenthetimeinitialtermsareagreedtoandwhenmoneyshowsupinyourbank,alotofthingscangowrong.(Para.10)4.NotestotheText芦勘微滩善省著涪适棒污煤洋为辱蜘隙乌涂崩擒递藻坞茎乱沏诊色觉黑球大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]3.Betweenthetimeinitia49[解析]本句中like是动词，是“感兴趣”之意，不要误认为是介词。

4.Saiddifferently,let’sassumetheysortoflikeyouandyourcompany.(Para.12)4.NotestotheText[释义]

Letusputitinanotherway.Supposethatventurecapitalistshavesomeinterestinyouandyourcompany.

林规囤焕窟棘灭姜贷驼际脓圾鬃之阐不噶膜涉潍呆宽疥胃暇遥掐悲露冗靖大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[解析]4.Saiddifferently,let’s50[释义]

Duringthe4-6monthsfromnow,theriskofinvestingyourbusinessisbecomingfairlylowwhencomparedwiththehighpriceventurecapitalistshavetopay,whichmeanstheycouldgetabetter“risk/reward”ratio.

5.Duringthattime,theriskinyouropportunitygetsdisproportionatelylowercomparedtothe“higherprice”they’dhavetopaylater.(Para.12)

5.NotestotheText盗锐抱幸落订站扶浸琼淳蔓红袱寄利鸡松馈页联憾拘贱缀诀巡侯虞榷验龚大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL[释义]5.Duringthattime,the511.IntroductiontotheText2.BusinessTerms3.WordsandExpressions4.NotestotheTextTextCFindingaVentureCapitalFirm橇泊绳千健铣嫁侍谴唁借常痛剂乔椽万互彤甸叔醉孤四摸扇修燥氦蒙朔明大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL1.IntroductiontotheText2.52

ThemeoftheText：

TextCisacasestudyonhowtofindaventurecapitalfirm.Location,sectorpreference,stagepreference,partners,portfolioandassetsarethesixkeyvariablestoconsiderwhenventuresseekaventurecapitalfirm.

1.IntroductiontotheText泽愤汛肿指猿朔细迎括逸括腹友格撅翻龚脱走后画蛾裤譬答购没陋伦际精大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALThemeoftheText：1.Introd53本商务语篇为说明文体，具体为商务案例分析。文章主要介绍了寻找风险投资公司的6个关键因素，即地理位置、行业偏好、阶段偏好、合伙人、投资组合和资产，并一一对此展开详细说明，试图为正在为筹集风险资本而头疼的创业者指明努力方向，提供帮助。

文章层次分明，结构清晰。6个变量均设立相应的小标题，凸显了在文章中的核心地位，使文章重点呼之欲出。文章大量使用VC这一缩略语，反映出作者在写作过程中力求节省时间，提高效率，贴近普通读者，使得文章尽量显得不那么正式。文体特征分析1.IntroductiontotheText

萤坝颁哪典瑶胶匀冶宅窝洒竖溶鼻宽牟憨像损清萄廖粘伐彤梅久猫缨呆藉大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITAL本商务语篇为说明文体，具体为商务案例分析。文章主要介绍了寻54Venturecapitalfirmsaretypicallystructuredaspartnerships,thegeneralpartnersofwhichserveasthemanagersofthefirmandwillserveasinvestmentadvisorstotheventurecapitalfundsraised.VenturecapitalfirmsintheUnitedStatesmayalsobestructuredaslimitedliabilitycompanies,inwhichcasethefirm'smanagersareknownasmanagingmembers.Venturecapitalfirms风险投资公司

2.BusinessTerms

舰茂邦伞锚扭些帽扒窿朔己阳肉舟外奎啡伴访冷膳炭婆蠕测晾暴舜江给斌大学核心商务英语读写教程3Unit2VENTURECAPITAL大学核心商务英语读写教程3Unit2VENTURECAPITALVenturecapitalfirmsaretypi55Investorsinventurecapitalfundsareknownaslimitedpartners.Thiscon