Name __________ Class ____________

Progress test 3 (Units 7–9)

READING
A Read the article and identify the paragraph (i–vii) in which you can find information about the
following:
11 What Mike Lynch said about the state of the UK economy.
12 What business and enterprise minister Mark Prisk says about the economy.
13 A comparison of venture capital funds in 2008 and 2009.
14 How politicians will react to the Nesta report.
15 What venture capitalists did in 2009.
16 What Nesta believes about the future and what investors should do now.
17 What the National Endowment for Science, Technology and the Arts has recently said about the
venture capital industry.

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B Now decide if these statements are true (t) or false (f).

18 Venture capital companies are raising more money now than they were after the 2000 dotcom crash.
19 Technology companies will find it more difficult to raise finance.
20 Mike Lynch started the company called Autonomy.
21 Lynch says that venture capital firms now avoid £100m deals and prefer much smaller ones.
22 In 2009, there were only 17 investments in UK start-ups.
23 The government doesn’t think start-ups are very important to the UK economy.
24 In 2008, investors put up more than £1bn in capital.
25 Mike Lynch thinks investors should wait until the economy improves before investing.

PHOTOCOPIABLE © 2011 Pearson Longman ELT