美國的風險資本培訓課程(ppt 40頁)

美國的風險資本培訓課程內容提要：
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. 在美國，高科技企業對於風險資本家來說具有明顯的吸引力。如今，科技產業是美國規模最大的，發展最快的產業之一。
b. 技術產業是當今美國規模最大，發展最快的產業之一。毫無疑問，對於風險資本家來說，投資這些高技術公司是極具吸引力的。
考慮到後文的銜接。
私營部門資本總支出
As venture capital has grown in popularity, venture capital investing has emerged as a major financial investment vehicle.
由於風險資本越來越受歡迎，風險資本投資已成為金融投資的重要手段。
Traditionally, most venture capital firms consisted of small private limited partnerships utilizing capital furnished by wealthy individuals or corporations.
以往，大多數風險資本公司是小型私人有限合夥製公司，利用富人或公司提供的資本。
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，風險資本投資則是大多數機構投資證券組合或公司投資證券組合的一個重要的投資焦點，而且許多最大的風險基金是由主要的金融機構或專門從事私募投資的子公司運作的。

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