Venture capital has now become a global phenomenon. Here is the (1) status of each major region that has venture capital activity. (2) , the definition of venture capital, (3) coined 50 years ago at Harvard Business School, meant (4) capital for new or very young ventures. Over time, (5) , and especially outside the US and Canada, it has become a coverall name for any type of equity related financing for privately held companies. To make matters even more (6) , some US venture capital firms have begun delving into "transactional" finance more (7) to the investment banking community. This is, however, a limited phenomenon.
Indeed, the influx of (8) fund money into the venture capital market has been both a curse and a blessing. Firms found themselves battling to place their newly (9) funds with a (10) number of specialized hitech firms. The result was a series of losses in the early 1990s.
A. burnout
B. start up
C. handover
D. cut-back
我来回答:
