美国的风险资本培训课程(ppt 40页)

美国的风险资本培训课程内容提要：
The appeal to venture capitalists of investing in United States high technology companies is quite obvious; the technology industry is one of the largest and most rapidly growing industries in the United States today. According to the U. S. Department of Commerce, since 1994 technology-related revenues have grown at an estimated rate of 15% per year, approximately five times the growth rate of the U.S. economy. Today, technology is estimated to account for approximately 50% of all private sector capital spending in the United States. By the year 2000, technology industry revenues are expected to constitute more than 10% of the total United States Gross Domestic Product.
a. 在美国，高科技企业对于风险资本家来说具有明显的吸引力。如今，科技产业是美国规模最大的，发展最快的产业之一。
b. 技术产业是当今美国规模最大，发展最快的产业之一。毫无疑问，对于风险资本家来说，投资这些高技术公司是极具吸引力的。
考虑到后文的衔接。
私营部门资本总支出
As venture capital has grown in popularity, venture capital investing has emerged as a major financial investment vehicle.
由于风险资本越来越受欢迎，风险资本投资已成为金融投资的重要手段。
Traditionally, most venture capital firms consisted of small private limited partnerships utilizing capital furnished by wealthy individuals or corporations.
以往，大多数风险资本公司是小型私人有限合伙制公司，利用富人或公司提供的资本。
Today, venture capital investing represents a significant focus of most institutional or corporate investment portfolios, and many of the largest venture funds are operated by major financial institutions, or by subsidiaries specifically designed for private equity investment.
今天，风险资本投资则是大多数机构投资证券组合或公司投资证券组合的一个重要的投资焦点，而且许多最大的风险基金是由主要的金融机构或专门从事私募投资的子公司运作的。

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