中文导读外资风投：黯然离场？上世纪90年代开始,“copy to China”风潮涌起,外资在中国这块赚钱的风水宝地如鱼得水。
如今,中国市场的魅力依然吸引着众多外资入局,但他们日子并不好过。
中国本土孵化器遍地开花、本土企业不断崛起,对外资风投形成了强有力的挤压。
当下中国科技大爆发、政策逐渐健全,“copy from China”的时代已经开启。
未来,外资还会青睐中国市场吗？less where that came from 与文章最后一句呼应,改用习语MoreWhere that Came from:A greater number of similar things can be pro-vided in the future 陆续有来skittish adj.not very serious and with ideas and feelings that keepchanging 轻浮的;易变的;反复无常的venture capitalist n.someone who makes money by investing inhigh risk projects 风险投资者demo (=demostration)n.an act of showing or explaining how sthworks or is done 示范;示范表演;演示Y Combinator 美国著名创业孵化器,Y Combinator 扶持初创企业并为其提供创业指南startup n.a small business that has recently been started by someone新创办的小公司vie (with sb)(for sth)与某人争夺某物SYN contend with sb for sthhigh-profile adj.receiving or involving a lot of attention and discus-sion on television,in newspapers,etc.经常出镜/见报的;高姿态的accelerator a company that helps new companies get started by giving them such things as office space,legal help and marketing services inexchange for payment 企业加速器/孵化器SYN incubatorthe like of sb/sth (also sb’s/sth’s like )something similar to someoneor a particular person or thing,or of equal importance or value 像某人(物)一样的人/物SYN equivalent ,matchDropbox 一款网络文件同步工具,提供在线存储服务,类似于百度云pull out of to move away from sth or stop being involved in it 脱离,退出nurture v.to help sb/sth to develop and be successful 扶持;帮助;支持SYN foster It’s important to nurture a good working relationship.维持良好的工作关系非常重要。
localised adj.地方化的,本土化的incarnation n.化身,代表in the context of 在⋯情况下;在⋯背景下rift a serious disagreement between people that stops their relation-ship from continuing 分裂;分歧;严重不和SYN ruptureominous suggesting that sth bad is going to happen in the future 预兆的;恶兆的;不吉利的SYN forebodingBy China,For China,Of China 建于中国、为了中国、属于中国,陆奇加入YC 时提的条件arm a section of a large organization that deals with one particularactivity 分部;职能部门at odds with to be different from sth,when the two things should bethe same (与⋯)有差异,相矛盾SYN conflict withventure capital money that is invested in a new company to help it develop,which may involve a lot of risk 风险资本(投入新公司的资金,风险很大)red-hot adj.new,exciting and of great interest to people 热门的,火爆的SYN sizzlingoperation n.a business organization;a company 商业机构;公司Sand Hill Road 沙山路,硅谷一个普通地名,被称为“西海岸华尔街”,上百家声名如雷贯耳的风险投资公司在这里汇集,与华尔街不同,这里以投资高新技术产业为主heavyweight n.a very important person,organization or thing thatinfluences others 有影响力的人(或组织、事物)covet v.to want sth very much,especially sth that belongs to sb else渴望;贪求(尤指别人的东西);觊觎exchange n.a building where business people met in the past to buy and sell a particular type of goods 交易所Investing in Chinese technology Less where that came fromHomegrown rivals and skittish American investors are making life harder for foreign venture capitalists in China T HE FIRST “demo day”in Beijing last November of Y Combinator (YC)hosted two dozen local startups vying for the attention of high-profile investors.It marked the entrance into China of Silicon Valley’s most famous accelerator ,which has helped launch the likes of Airbnb and Dropbox .Then,days later,YC abruptly announced it was pulling out of the country.In a statement YC said that it was returning,under a new boss,to in-vesting in startups from its Californian base.Its Chinese startups will be nurtured by MiraclePlus,YC China’s new,fully localised incarna-tion .Yet in the context of a deepening Sino-American rift ,the retreat looks ominous .“Under the current global environment,to realise our mission—By China,For China,Of China —we must have the ability to master our own destiny,”wrote MiraclePlus in a social-media post,citing Lu Qi,its boss,whom YC had hired to set up its Chinese arm in 2018.(Mr Lu declined to be interviewed for this article.)At first glance,YC’s fate seems at odds with the broader health of foreign venture capital (VC)in China,with its red-hot tech indus-try.The Chinese operations of Sand Hill Road heavyweights such asLightspeed Venture Partners and Sequoia Capital—whose fifth Chinese growth-stage fund raised $1.8bn,twice as much as its last—are thriv-ing.Chinese founders have coveted attention from foreign funds,seen as the best route to listing on American exchanges and keener than Chinese counterparts to back ideas that take longer to make money.denominate to express an amount of money using a particular unit以(某种货币)为单位dollar-denominated n.以美元计价的duration 指理财产品的存续期间expertise expertknowledge or skill in a particular subject,activity or job 专门知识;专门技能;专长on top of 此外;除⋯外(还有)in addition to ,besides cheque 支票,这里指代投资公司给予新企业的资金支持be a breeze n.to be very easy 容易,轻松be a piece of cakeDon’t think that learning Dutch will be a breeze.不要以为学荷兰语是件轻松的事。