风险资本和三权分立

1)Over the past two decades, venture capital has fostered the growth of many of the world's leading high technology and other emerging growth companies in the United States./ Corporations such as Microsoft, Compaq and Intel are but a few examples of American companies whose early growth was facilitated by venture capital investments. /2)The availability of venture capital financing to young, high technology companies has been a primary contributor to the dramatic revenue growth enjoyed by, and the increased competitiveness of, America's high technology industry and to the economic expansion and increased employment levels experienced in California's Silicon Valley and other areas of high technology company concentration. / 3) It is estimated that over 3,000 companies (including non- technology companies) which have completed initial public offerings of stock in the United States over the past two decades have received venture capital at some point in their development.
Venture Capital in the United States 美国的风险资本
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 Domes的高技术公司获得风险资本融资，这对 新开业的高技术公司获得风险资本融资， 美国高技术产业收入的大幅度增长和竞争力的提 高，以及对加州硅谷和其他高技术公司集中地所 取得的经济发展和就业水平的增长， 取得的经济发展和就业水平的增长，都起了重要 作用。 都起到了重要作用。 作用。（对…，对… 都起到了重要作用。措辞能 ， 力更有挑战） 力更有挑战） b. 风险资本融资用于新兴的高科技产业，不仅促 风险资本融资用于新兴的高科技产业， 进了美国高技术产业总收入大幅度增长， 进了美国高技术产业总收入大幅度增长，竞争力 日渐提高， 日渐提高，同时也带动了加州硅谷和其它高技术 公司密集地区的经济发展和就业水平的增长。 公司密集地区的经济发展和就业水平的增长。 不仅促进了…同时也带动了 同时也带动了…） （不仅促进了 同时也带动了 ） 理解 措辞+组句 措辞 组句
1) Over the past two decades, venture capital has fostered the growth of many of the world's leading high technology and other emerging growth companies in the United States./ Corporations such as Microsoft, Compaq and Intel are but a few examples of American companies whose early growth was facilitated by venture capital investments. （定语从句） 定语从句）
2) The availability of venture capital financing to young, high technology companies has been a primary contributor to the dramatic revenue growth enjoyed by, and the increased competitiveness of, America‘s high technology industry 措辞） （措辞） and to the economic expansion and increased employment levels experienced in California's Silicon Valley and other areas of high technology company concentration.
As venture capital has grown in popularity, venture capital investing has emerged as a major financial investment vehicle. /Traditionally, most venture capital firms consisted of small private limited partnerships utilizing capital furnished by wealthy individuals or corporations. /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./ It is estimated that a majority of funding currently committed to venture capital entities has been provided by public or private pension funds, which are allocating increasing percentages of investment funds to "alternative investment” such as venture capital. The remainder of investment funding is provided by insurance companies, banks, corporations, wealthy individuals, foreign investors, university or institutional endowments and private foundations. (语篇，长句，专业性 语篇， 语篇 长句，专业性)
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， 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， 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。 子公司运作的。
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， 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 重要手段。 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， 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。 制公司，利用富人或公司提供的资本。