シャドーイング練習: Quick Study: How Venture Capitalists Make Decisions - 動画で英語スピーキングを学ぶ
レッスンを作成中...
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My name is Elis Stravloff
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and I'm a professor at the Stanford Graduate School of Business as well as the founder
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and director of our venture capital initiative.
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Unless you know where to look, you might not see it, but venture capitalists or VCs are probably having a major impact on your life every single day.
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VCs are people who invest in small, risky, high -growth startups.
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And they often invest in companies that are trying to change our world.
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Think about Google, Microsoft, Facebook, Zoom, many other tech giants.
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They were all funded by VCs back when they were very small companies.
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My team and I tracked the successful COVID vaccines and found that about half are delivered by companies supported by venture capital.
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And even though it's in the news a lot more during tech booms, this powerful sector of the economy predates the Internet.
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My research shows that since the 1970s, the VC industry is behind about a third of all large publicly trade companies created in the United States.
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So how do these influential people choose what ideas to fund?
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Even many company founders seeking venture capital money don't really seem to understand the VC mindset, as I call it.
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That's what my research set out to demystify.
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My team and I found that the most important stage is what's referred to as deal selection.
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Deal selection is after they've already identified a startup to consider, but before VCs decide whether to invest in it or not to invest.
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During the deal selection process, VCs put every potential investment through something they call the deal funnel.
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On average, a hundred startups go into the deal funnel and only one comes out.
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Meaning that VCs invest in about one startup for each hundred that they consider.
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The first part of the funnel is typically where VCs evaluate the business model and the setup idea.
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Often VCs will say, well, the market is obviously too small, so therefore we don't have any interest.
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If the startup passes that stage, then VCs will typically meet with the founding team to evaluate them.
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Again, often enough VCs will say, well, the The business is interesting, but we are not impressed by the founding team.
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That's another startup squeezed out of the narrowing funnel.
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At the next stage, which relatively few deals reach, they'll bring this startup to their partners.
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And then the partners will decide to proceed with very careful due diligence on only some of the deals.
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On average, this entire process takes almost three months, and it's highly selective.
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What we found was that the median venture capital firm considers about 400 deals a year and only invests in four.
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That highly selective process benefits us all down the line.
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For example, my research shows that without venture capitalists, companies like Zoom might not have been identified, created, funded or scaled up.
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And of course, had Zoom not existed, our experience during the COVID pandemic would have been quite different.
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VCs' rigorous decision -making process can increase the success rate of companies that change our lives.
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So, how can a business idea make it through the deal funnel?
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My team and I talked to almost 900 venture capitalists at over 700 firms, asking these questions, many of those for the first time.
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We found that in order to try and minimize risk, VCs tend to concentrate on what I call the jockey rather than the horse.
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The jockey is the founders and the early management team of a company.
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In other words, the human element, the human capital.
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The horse is everything else – the product, business model, market, technology.
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Most VCs will not invest unless they have complete trust in that early management team that they can execute on the idea.
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Even with the best horse, VCs figure that without a good jockey to ride it, it will not be winning the race.
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Putting together those hundreds of surveys and conversations with venture capitalists, we've started to get a clearer picture of who they are and who they aren't.
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It turns out that the VC mindset is very different from other financial investors.
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They consider many more opportunities to start with.
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Other investors will not have as wide deal funnel as venture capitalists.
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VCs are also much more ready to take on risks, And they are much more likely to co -invest with other venture capitalists, so they're a part of a larger ecosystem.
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Because of all these differences, VCs have to come up with their own financial strategies.
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Because the standard financial models, like the ones we teach our MBA students here at Stanford, aren't really.. applicable that much to early -stage companies.
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Concepts like net present value or discounted cash flow techniques just aren't that much in use,
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since you can't predict future cash flows of an idea or forecast revenue without reliable data.
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And the data for these startups just doesn't exist yet.
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So, if you are not investing millions in startups, how does this all relate to you?
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Well, we can all probably benefit from thinking a little bit more like VCs.
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For example, people tend to be extremely risk -averse.
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So are corporate decision -makers.
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And when you invest, that actually might not be a bad idea, but when you are trying something new, either in your personal or professional life,
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being willing to fail and staying flexible is beneficial.
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That's what the VC mindset is all about.
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VCs have a lot to teach us about doing plenty of research before making decisions, but also experimenting and keeping an open mind.
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That's how you've been big in business.
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And the same is true in life.
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このレッスンの語彙とスピーキングのポイント
この動画には、シャドーイング用の文が60文、単語が949語あります。 音声の長さは5:55です。 話す速さは1分あたり約160語で、日常会話に近い自然なペースです。 単語の82%は英語の頻出3,000語に含まれます。残りは練習の前に確認しておきましょう。
この動画の重要語彙
動画に出てくる覚えておきたい単語15語を、発音と意味つきで紹介します。
| 単語 | 発音 | 意味 |
|---|---|---|
| invest 動詞 | /ɪnˈvɛst/ | 投入する |
| startup 名詞 | /ˈstɑɹtˌʌp/ | スタートアップ, ベンチャー |
| capitalist 名詞 | /ˈkæp.ɪ.tə.lɪst/ | 資本家 |
| founder 名詞 | /ˈfaʊ̯n.dəː/ | 創設者, 創立者 |
| mindset 名詞 | /ˈmaɪn(d)ˌsɛt/ | 考え方, 心理 |
| jockey 名詞 | /ˈd͡ʒɑki/ | 騎手 |
| evaluate 動詞 | /ɪˈvaljʊeɪt/ | 評する |
| investor 名詞 | /ɪnˈvɛs.tə(ɹ)/ | 投資家, 出資者 |
| technique 名詞 | /tɛkˈniːk/ | 技術 |
| element 名詞 | /ˈɛləmənt/ | 要素, エレメント |
| refer 動詞 | /ɹɪˈfɜː/ | 問い合わせる |
| narrow 形容詞 | /ˈnæɹəʊ/ | 狭い |
| experiment 名詞 | /ɪkˈspɛɹ.ə.mənt/ | 実験 |
| discount 名詞 | /ˈdɪskaʊnt/ | 割引, 値引き |
| reliable 形容詞 | /ɹɪˈlaɪəbl̩/ | 頼もしい |
動画に出てくる句動詞
| 単語 | 発音 | 意味 |
|---|---|---|
| come out 動詞 | /ˌkʌm ˈaʊt/ | 出る |
この動画の文法
話し手がよく使っている文型を、動画の実際の表現とともに紹介します。
| 文型 | 動画での表現 |
|---|---|
| 現在完了形 have/has + 過去分詞 — 過去の出来事が今も関係している | they've already identified · we've started · you've been |
| 受動態 be + 過去分詞 — 誰がするかより、何が起きるかに焦点を当てる | are delivered · are not impressed · have been identified |
注意したい発音
話し手はaren't, don't, can'tなど、短縮形や弱形を13回使っています。聞こえたとおりの短い形で発音しましょう。
- 「sh」と「zh」の音: initiative /ɪˈnɪʃ.ə.tɪv/, influential /ɪnflʊˈɛnʃəl/, beneficial /ˌbɛn.ɪˈfɪʃ.əl/
- 長い単語（アクセントの位置に注意）: capitalist /ˈkæp.ɪ.tə.lɪst/, experiment /ɪkˈspɛɹ.ə.mənt/, initiative /ɪˈnɪʃ.ə.tɪv/, applicable /əˈplɪk.ə.bəl/, influential /ɪnflʊˈɛnʃəl/
この動画での練習方法
- まず声を出さずに動画を最後まで聞き、知らない単語をメモします。
- まず0.75倍速で一文ずつシャドーイングし、慣れてきたら通常の速度に戻します。
- 自分の声を録音して元の音声と比べます。invest, startup, capitalistなどの単語に特に注意しましょう。
シャドーイングとは？英語上達に効果的な理由
シャドーイング（Shadowing）は、もともとプロの通訳者養成プログラムで開発された言語学習法で、多言語習得者として知られるDr. Alexander Arguelles によって広く普及されました。方法はシンプルですが非常に効果的：ネイティブスピーカーの英語を聞きながら、1〜2秒の遅延で声に出してすぐに繰り返す——まるで「影（shadow）」のように話者を追いかけます。文法ドリルや受動的なリスニングと異なり、シャドーイングは脳と口の筋肉が同時にリアルタイムで英語を処理・再現することを強制します。研究により、発音精度、抑揚、リズム、連音、リスニング力、そして会話の流暢さが大幅に向上することが確認されています。IELTSスピーキング対策や自然な英語コミュニケーションを目指す方に特におすすめです。