Академический Документы
Профессиональный Документы
Культура Документы
Starting up
for that. Maybe I could set up a fundraising or event that people can come to and
donate money.
Vocabulary
A)
i)
ii)
iii)
iv)
v)
vi)
vii)
viii)
ix)
x)
Black
Grant
Debtor
Dividend
Assets
Return
Debt
Collateral
Listening
A) CD3.1 Simon Davies is managing director at the Backstone Group,
a leading private equity firm. Listen to the first part of the
interview and answer these questions.
1. Which three ways of raising finance does he mention?
a. Equity
b. Borrowing through debt
c. Hybrid finance
2. What are the advantages of:
a. Private markets? Private confidentiality, remaining below the radar
screens
Reading
A) How can start-up companies raise money?
Tap into savings, sign up strategic partners, loan by the bank, subsidy,
B) Work in small groups. Before you read the article, check that you
know the meanings of these terms. Use a dictionary if necessary.
1)
Business angels: private entrepreneurs who want to invest in
starting, promising or fast growing companies. Besides their financial help,
they also offer their expertise.
2)
Bank finance: gives us information about the definition of banking
and the definition of finance. Banking refers to that process in which a
bank which is a commercial or government institution offers financial
services that include lending money, collection of deposits, issue of
currencies and debit cards, and transaction processing etc.
The majority of banks works as profit-seeking enterprises, however, a few
government banks work as non-profit organizations. Central banks function
as government agencies and they regulate the interest rates and
circulation of money in the total economy.
3)
Equity finance: Equity financing is the process of raising capital
through the sale of shares in an enterprise. Equity financing essentially
refers to the sale of an ownership interest to raise funds for business
purposes.
4)
Debt fundraising: banks who are specialized in developing creative
solutions to challenging financing problems.
5)
Venture capital funds: funds are investment funds that manage the
money of investors who seek private equity stakes in start-up and small- to
medium-sized enterprises with strong growth potential.
C)
Work in pairs. Take notes on the key points of the article. Tell your
partner about them and ask each other questions if you want
clarifications.
No more easy money
Saha founder of CitySocialising
Went to France to pitch to hundreds of potential investors without
success
Gateway2investment
Nice: European Border Investment program
What was the problem with some of the angel networking clubs?
The angel networking clubs were charging 1 500 just to submit a
business plan.
2)
What was the advantage of London Business Angels?
She secured a place on gateway2investment.
3)
How did Saha improve her ability to pitch to backers?
By gateway2investment, a four-day program to help ambitious
entrepreneurs hone their pitching techniques.
4)
Who finally invested in Sahas company?
Finnish investors together with 5 wealthy individuals from LBA.
5)
What is the problem with bank finance?
A lot of companies has seen the cost of their existing finance
increase by up to 5 percentage points above the Bank of Englands
base rate.
6)
What is the position with debt funding and equity finance?
What you hear is still the same: that people are lending, but we are
not seeing any of that coming through.
7)
What is the problem with venture capital funds?
It takes twice as long as before the recession struck.
E)
Find idioms in the first six paragraphs that mean the following.
1)
Finish something you have started: to go the distance
2)
A sudden or unexpected chance to do something that allows you to
become successful in your job:
3)
Reduce your chances of failure or loss by trying several possibilities
instead of one: hedge her bets
4)
Make sure you always know what is happening in a situation:
keeping your ears to the ground
F)
G)
Language Review
A) Complete the extract from the article with suitable words and
dependent prepositions from the box.
i) Looked into
ii) Access to
iii) Investing in
iv) Turned down
v) Settled on
vi) Pitch to
B) Study the grammar reference on page 150, then match these
halves of sentences.
i) 10-i
ii) 7-e
iii) 2-a
iv) 3-f
v) 4-b
vi) 5-h
vii) 9-j
viii) ,6-g
ix) 8-d
x) 1-c
LANGUAGE REVIEW
A) Complete the extract from the article with suitable words and
dependent prepositions from the box. Then look back to page 85
to check your answers.
First, she 1) looked into angel networking clubs, which provide
entrepreneurs with 2) access to large numbers of wealthy individuals
interested in 3) investing in early-stage ventures. However, she 4) turned
down a number of these for reasons of cost: they were charging 1 500
just to submit a business plan. Eventually, she 5) settled on London
Business Angels, through which she could 6) pitch to roughly 100 angels.
B) Study the Grammar reference on page 150, then match these
halves of sentences. They are all from newspaper articles or
headlines.
1) EFM, the struggling investment house, yesterday became vulnerable
2) The government refuses to take responsibility A
3) Deputy Prime Minister invites Japan to invest
4) Does Lulu.com pose a serious threat
5) She is going to complain
6) The banks insisted
7) Our programme offers access
8) The new Director of Finance must be capable
9) Teenagers need to develop a healthy respect
10)
All financial supervisors should be fully aware
SKILLS
A) Which of these negotiating tips do you agree with? Why/ Why
not?
I agree with: 1, 5, 6 and 7
B) Research shows that skilled negotiations often use the
techniques listed below to achieve their negotiations objective.
Match the techniques to their definitions (a-e)
1-E
2-D
3-B
4-A
5-C
C) CD3.4 listen to five expressions and match each one to the
correct technique in exercise b.
No Part 4&5 on the CD-rom
D) CD3.5 listen to the dialogue and complete these expressions.
No Part 4&5 on the CD-rom