2. 考研
  3. Everyone would like a piece of the next Google or Facebook. But the big venture-capital (VC) firms do not usually 【C1】______ mon

Everyone would like a piece of the next Google or Facebook. But the big venture-capital (VC) firms do not usually 【C1】______ mon

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问题     Everyone would like a piece of the next Google or Facebook. But the big venture-capital (VC) firms do not usually 【C1】______ money from small investors. And some entrepreneurs complain that it is hard to get 【C2】______ the hotshots in the VC industry. 【C3】______ the enthusiasm for crowd-funding, 【C4】______ small investors can buy a stake in startup companies.
    Seedrs, a British crowd-funding firm, was 【C5】______ in 2012, and has backed 500 firms 【C6】______, raising a total of ￡210m ($271m) from more than 200,000 users. 【C7】______ there are two big problems with crowd-funding. First, it is risky: most startups fail. Second, investments tend to be 【C8】______— shareholders have to wait for a takeover or a stockmarket flotation to recoup their investment.
    Seedrs is trying to solve the illiquidity problem 【C9】______ setting up a secondary market, where buyers and sellers can 【C10】______ shares. The new market will start 【C11】______ this summer, and will allow trading for a week every month, starting on the first Tuesday. The price 【C12】______ which investors can deal will be set by Seedrs itself, 【C13】______ a valuation mechanism 【C14】______ industry guidelines. But there are some 【C15】______: only current investors in a firm will be allowed to buy shares. And, 【C16】______ the extent that investors make a profit on a sale, Seedrs takes a 7.5% cut of the gains.
    Crowd-funding might be even more attractive 【C17】______ investors could at a click assemble a diversified portfolio of small stakes in 20-30 companies 【C18】______ just one—just as those who put money into peer-to-peer lending can spread their risk 【C19】______ a range of borrowers. The next 【C20】______ will be to build on early efforts to offer the same to investors in shares: i.e., mutual funds for crowd-funded startups.
【C4】
选项 A、where
B、which
C、what
D、that
答案A
解析 逻辑关系题。分析句子结构可知，此句为非限定性定语从句，从句用来修饰先行词“crowd-funding”，且先行词在从句中充当状语成分。所以本题选A项where。
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考研英语一

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