`ˆÌi`Ê܈̅Ê̅iÊ`i“œÊÛiÀȜ˜ÊœvÊ

˜vˆÝÊ*ÀœÊ*Ê `ˆÌœÀÊ

/œÊÀi“œÛiÊ̅ˆÃʘœÌˆVi]ÊۈÈÌ\Ê
ÜÜÜ°ˆVi˜ˆ°Vœ“É՘œVŽ°…Ì“
 ict
chemistry based, biomedical

didnt make

market outside

insurance companies
pension funds
institutional
asset base

to get back the profit in 5 yrs

use fund been raised in a 10yr cycle, and realize it within the10 yr
make investment in the first couple yrs, and realize after 5y0r, reinvesting
in existing portfolio companies

high growth, early stage tech companies

less exp
networking establishing

should look for people have the skills u want, have knowledge in sectors, real experience, seek them out
fail inves failure tolerant
describe techn 1/3 failed, 1/3 return back money, 1/3
succ business good return
gg, cisco, skypes
names
companies
index, sequoia
triple a rated, gold standard

bc mortgages are long

for lenders considered more risky, term and solid
bad credit history and
large mortgages against properties they cant really afford
the bonds being packaged were
both good and bad debts
did not look too closely and gave all AAA ratings
 get into ind, we can bring
some to th eindustry
cisco, ebay, google

ppl wanted to work for facebook since ggl was no

longer brash young, and successful, bc facebook
understands the way young ppl communicate with
one another

disrupter dominant

vulnerable competed against

entrepreurs disrupt compete

with well established

evolution
 route 128 boston, sil val
tel Aviv, oxford, Cambridge, london
because these are around university campus
learn new skills

patent attorneys

headhunters

landlords

technology economic

eastern european, russians

could not afford latest computers, developed the ability to
do a great deal with small levels of resource,
don't charge as much as to
programmers in india

Brazil, China, India

well educated young ppl, studyin
abroad in universities in America and
europe
merger damaging competitions, or look at the market and see if completions working effectively and
benefiting consumers

anti trust authority

1 company becomes very successful, and buy all
other companies
competition is essential to keep their business efficient and, innovative

player natural monopolies

utilities
market investigations

handful

groceries

lion's share
European competition commission, office of fair trading
found guilty of price fixing
 downturn
upturn
expectations
consumption

balance of payments

gross domestic product

demand
supply
save

GDP downturn

upturn
 supply

consumption
expectations

balance of
payments

save

demand

1. the demands for goods and services falls

2. economic times are good and they feel confident about the future
3. they have negative expectations about the future, they begin to fear of being unemployed
4. save more and pay more debts
5. demand is growing
6. destructions to established industries caused by major technological inventions
C A B E D G F
2.
1. boost - stimulate
2. decrease - reduce
3. depression - slump
4. excess - surplus
5. expand - grow
6. expenditure - spending
7. output - production
8. recovery - upturn
3.
1. boom - depression
2. demand - supply
3. trough - peak
4. contract - expand
5. save - spend
6. endogenous - exogenous
c

d
e