Venture capital has now become a global phenomenon. Here is the (1)_____ status of each major region that has venture capital ac

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问题     Venture capital has now become a global phenomenon. Here is the (1)_____ status of each major region that has venture capital activity. (2)_____, the definition of venture capital, (3)_____ coined 50 years ago at Harvard Business School, meant (4)_____ capital for new or very young ventures. Over time, (5)_____, and especially outside the US and Canada, it has become a coverall name for any type of equity related financing for privately held companies. To make matters even more (6)_____, some US venture capital firms have begun delving into "transactional" finance more (7)_____ to the investment banking community. This is, however, a limited phenomenon.
    Indeed, the influx of (8)_____ fund money into the venture capital market has been both a curse and a blessing. Firms found themselves battling to place their newly (9)_____ funds with a (10)_____ number of specialized hi-tech firms. The result was a series of losses in the early 1990s.
    Venture capitalists then became immersed in transactional financing as a result of their (11)_____ in business acquisitions. Historically, the venture capitalists had sat at the end of the table representing the company being (12)_____. At some point, they began to see opportunities in financing such (13)_____ and in other investment banking type activities.
    In the long (14)_____, however, venture capitalists will back out of investment banking type activities and focus on what they are best at, risking capital investments in (15)_____  companies. What is required to place their capital and still realize their (16)_____ is a ramp up in staff. In the 1980s, many of the firms were quite small and (17)_____ on specific areas of technology where they had in (18)_____ knowledge. In the 1990s the successful firms have (19)_____ management staff, (20)_____ into more than one area of technology, and outsourced more of their technological analysis to very specialized experts.


选项 A、commented
B、imposed
C、acted
D、centered

答案D

解析 centre on意为"集中于"与上文中的"focus on"形成概念关联,故为正确选项。其他三项也均能与"on"构成词组。选项comment on意为"对…发表评论",impose sth on/upon意为"把…强加在…上"act on意为"遵照…行动,奉行;作用于,影响",但填入后均不符合文意。
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