(精选)金融英语chapter seven Venture Capital课件.pptVIP

Notes to the text 14. Wharton 沃顿商学院 The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States. It is widely regarded as one of the top business schools in the world. 15. And cleantech companies have been able to do the nearly impossible lately: generate excitement in a depressed IPO market, as evidenced by Teslas recent first-day run-up. 最近，清洁技术公司已经做了一件近乎不可能的事情：为萧条的美国首次公开募股（IPO）市场注入了活力，其证据就是特斯拉公司（Tesla）股票上市首日的大幅飙升。 Notes to the text 16. But finding companies that are interesting and viable, and that will earn a good return for their founders, is not the same as identifying companies that will provide the multiples that venture investors are seeking. 不过，发现那些有趣、有发展潜力并能给其创始人带来不错回报的公司与找到那些能给投资人带来数倍投资回报的公司并不是同一回事。 17. Conventional wisdom says that a VC firm has to expect about half of the companies in its portfolio to fail, a few to earn decent returns and one or two to hit home runs big enough to make the numbers work. 常规思维认为，在风险投资公司的投资组合中，有一半公司最终会倒闭，少数可以带来相当不错的投资回报，只有一两家能取得足够大的成功而让风投公司赚到钱。 Notes to the text out-of-the-park homeruns 大赚其钱的机会（项目） 美式英语中有大量源于体育运动的词汇或短语。文中此处用棒球术语来形容能给风险投资公司带来巨大收益的投资项目。 19. Unlike with an IPO, where the sky is the limit if a company can generate enough buzz, there is a cap on how much an MA deal is likely to net. 在IPO市场上，一家引人关注的公司能带来几乎无限的盈利空间；与此不同，购并交易所能带来的收益是有限的。 Financial English Chapter Seven Venture Capital Lead-in questions Background knowledge Glossary, phrases and special terms Learning objectives Notes to the text Key to exercises Content Learning objective: By the end of this chapter and the relevant reading you should be able to: Describe the concept of venture capital. Explain how venture capital has helped the development of small enterprises. Describe the problems that venture capital firms have to deal with. Discuss the opp