Практика Shadowing: Quick Study: How Venture Capitalists Make Decisions - Изучайте разговорный английский по видео

Создание урока...
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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.

Лексика и советы по произношению к этому уроку

В этом видео 60 предложений и 949 слов для шедоуинга. Речь длится 5:55. Говорящий говорит в естественном темпе, около 160 слов в минуту, близком к повседневной речи. 82% слов входят в 3000 самых частых слов английского языка; остальные стоит разобрать перед занятием.

Ключевая лексика этого видео

15 слов из видео, которые стоит выучить, с произношением и значением:

СловоПроизношениеЗначение
invest глагол/ɪnˈvɛst/вкла́дывать, вложи́ть
venture глагол/ˈvɛn.t͡ʃɚ/рискова́ть
startup существительное/ˈstɑɹtˌʌp/за́пуск, пуск
capitalist существительное/ˈkæp.ɪ.tə.lɪst/капитали́ст
founder существительное/ˈfaʊ̯n.dəː/основа́тель, основа́тельница
mindset существительное/ˈmaɪn(d)ˌsɛt/склад ума́, о́браз мы́слей
jockey существительное/ˈd͡ʒɑki/жоке́й
evaluate глагол/ɪˈvaljʊeɪt/оце́нивать, оцени́ть
investor существительное/ɪnˈvɛs.tə(ɹ)/инве́стор, вкла́дчик
selective прилагательное/səˈlɛktɪv/вы́борный, селекти́вный
technique существительное/tɛkˈniːk/те́хника
element существительное/ˈɛləmənt/элеме́нт, звено́
refer глагол/ɹɪˈfɜː/ссыла́ться, сосла́ться
narrow прилагательное/ˈnæɹəʊ/у́зкий, те́сный
experiment существительное/ɪkˈspɛɹ.ə.mənt/экспериме́нт, о́пыт

Фразовые глаголы, которые вы услышите

СловоПроизношениеЗначение
come out глагол/ˌkʌm ˈaʊt/выходи́ть, вы́йти
come up with глаголпридумывать, приходить в голову
put together глаголсобрать, составить
turn out глаголока́зываться, оказа́ться

Грамматика в этом видео

Конструкции, которые говорящий использует чаще всего, с точными словами из видео:

КонструкцияВ видео
Present Perfect have/has + причастие прошедшего времени — прошлое действие, важное сейчасthey've already identified · we've started · you've been
Пассивный залог be + причастие прошедшего времени — важно, что происходит, а не кто это делаетare delivered · are not impressed · have been identified

Произношение, на которое стоит обратить внимание

Говорящий использует 13 сокращённых и редуцированных форм, например aren't, don't, can't. Произносите их коротко, так, как слышите.

  • Звуки «sh» и «zh»: initiative /ɪˈnɪʃ.ə.tɪv/, influential /ɪnflʊˈɛnʃəl/, beneficial /ˌbɛn.ɪˈfɪʃ.əl/
  • Длинные слова — следите за ударением: capitalist /ˈkæp.ɪ.tə.lɪst/, experiment /ɪkˈspɛɹ.ə.mənt/, initiative /ɪˈnɪʃ.ə.tɪv/, applicable /əˈplɪk.ə.bəl/, influential /ɪnflʊˈɛnʃəl/

Как заниматься с этим видео

  1. Прослушайте всё видео один раз молча и выпишите незнакомые слова.
  2. Начните со скорости 0,75×, повторяйте предложение за предложением и вернитесь к обычной скорости, когда станет легко.
  3. Запишите себя и сравните с оригиналом, обращая внимание на такие слова, как invest, venture, startup.

Что такое техника Shadowing?

Shadowing — это научно обоснованная техника изучения языка, изначально разработанная для подготовки профессиональных переводчиков и популяризированная полиглотом доктором Александром Аргуэльесом. Метод прост, но эффективен: вы слушаете аудио на английском от носителей языка и немедленно повторяете вслух — как тень, следующая за говорящим с задержкой в 1–2 секунды. В отличие от пассивного прослушивания или грамматических упражнений, Shadowing заставляет мозг и мышцы рта одновременно обрабатывать и воспроизводить реальные речевые паттерны. Исследования показывают, что это значительно улучшает точность произношения, интонацию, ритм, связную речь, понимание на слух и беглость речи — что делает его одним из самых эффективных методов для подготовки к IELTS Speaking и реального общения на английском.

Техника шедоуинга: читать полное пошаговое руководство →