链剥挂将发多大是 高级商务英语阅读 What is a Venture Capitalist? The typical person-on-the-street depiction of a venture capitalist is that of a wealthy financier who wants to fund start-up companies.The perception is that a person who develops a brand new change-the-world invention needs capital;thus,if they can't get capital from a bank or from their own pockets,they enlist the help of a venture capitalist. In truth,venture capital and private equity firms are pools of capital,typically organized as a limited partnership,that invests in companies that represent the opportunity for a high rate of return within five to seven years.The venture capitalist may look at several hundred investment opportunities before investing in only a few selected companies with favorable investment opportunities.Far from being simply passive financiers,venture capitalists foster growth in companies through their involvement in the management,strategic marketing and planning of their investee companies. They are entrepreneurs first and financiers second. Even individuals may be venture capitalists.In the early days of venture capital investment,in the 1950s and 1960s,individual investors were the archetypal venture investor.While this type of individual investment did not totally disappear,the modern venture firm emerged as the dominant venture investment vehicle.However,in the last few years,individuals have again become a potent and increasingly larger part of the early stage start-up venture life cycle.These"angel investors" will mentor a company and provide needed capital and expertise to help develop companies.Angel investors may either be wealthy people with management expertise or retired business men and women who seek the opportunity for first-hand business development. Investment Focus Venture capitalists may be generalist or specialist investors depending on their investment strategy. Venture capitalists can be generalists,investing in various industry sectors,or various geographic locations,or various stages of a company's life.Alternatively,they may be specialists in one or two industry sectors,or may seek to invest in only a localized geographic area. Not all venture capitalists invest in "start-ups."While venture firms will invest in companies that are in their initial start-up modes,venture capitalists will also invest in companies at various stages of the business life cycle.A venture capitalist may invest before there is a real product or company 第6页共14页高级商务英语阅读 What is a Venture Capitalist? The typical person-on-the-street depiction of a venture capitalist is that of a wealthy financier who wants to fund start-up companies. The perception is that a person who develops a brand new change-the-world invention needs capital; thus, if they can’t get capital from a bank or from their own pockets, they enlist the help of a venture capitalist. In truth, venture capital and private equity firms are pools of capital, typically organized as a limited partnership, that invests in companies that represent the opportunity for a high rate of return within five to seven years. The venture capitalist may look at several hundred investment opportunities before investing in only a few selected companies with favorable investment opportunities. Far from being simply passive financiers, venture capitalists foster growth in companies through their involvement in the management, strategic marketing and planning of their investee companies. They are entrepreneurs first and financiers second. Even individuals may be venture capitalists. In the early days of venture capital investment, in the 1950s and 1960s, individual investors were the archetypal venture investor. While this type of individual investment did not totally disappear, the modern venture firm emerged as the dominant venture investment vehicle. However, in the last few years, individuals have again become a potent and increasingly larger part of the early stage start-up venture life cycle. These "angel investors" will mentor a company and provide needed capital and expertise to help develop companies. Angel investors may either be wealthy people with management expertise or retired business men and women who seek the opportunity for first-hand business development. Investment Focus Venture capitalists may be generalist or specialist investors depending on their investment strategy. Venture capitalists can be generalists, investing in various industry sectors, or various geographic locations, or various stages of a company’s life. Alternatively, they may be specialists in one or two industry sectors, or may seek to invest in only a localized geographic area. Not all venture capitalists invest in "start-ups." While venture firms will invest in companies that are in their initial start-up modes, venture capitalists will also invest in companies at various stages of the business life cycle. A venture capitalist may invest before there is a real product or company 第 6 页 共 14 页