VOCABULARY BUILDER
Good News for Startup
The young CEO of the tech startup is delivering good news to his team. After several rejections, they finally convinced a wealthy venture capitalist to invest in their fledgling company. They will now have enough capital to purchase state-of-the-art equipment, and to cover other business expenses such as office space, rent and accounting fees. They have worked very hard until now, so they look forward to the opportunity to bring their software products to market, and to finally start making a profit!
Simple Definitions
- a startup (n) = a company that just started (usually in the technology industry)
- a venture capitalist (n) = an investor who supports new companies
- fledgling (adj) = new and cannot support itself yet
- state-of-the-art (adj) = the most modern
- look forward to doing sth (v) = glad about sth that will happen
(adj) = adjective, (adv) = adverb, (n) = noun, (v) = verb, sth = something, sby = somebody
Word Challenge
Fill in the blanks with the correct words. You may need to make changes to verbs (tense/3rd person) and nouns (singular/plural).
startup venture capitalist fledgling state-of-the-art look forward to
1) There are many ______ in Silicon Valley, California looking for promising startups that need funds to get their products to market.
2) Most _______ don't survive the first year because they don't know how to attract the interest of potential investors.
3) The newly graduated engineers don't have enough capital so they are seeking an angel investor for their ______ company.
4) The venture capitalist ______ making a big profit on his investments.
5) If you want to have a fast and secure internet connection via satellite, you must buy ______ equipment.
See answers below
Answers to Word Challenge
1) There are many venture capitalists in Silicon Valley, California looking for promising startups that need funds to get their products to market.
2) Most startups don't survive the first year because they don't know how to attract the interest of potential investors.
3) The newly graduated engineers don't have enough capital so they are seeking an angel investor for their fledgling company.
4) The venture capitalist looks forward to making a big profit on his investments.
5) If you want to have a fast and secure internet connection via satellite, you must buy state-of-the-art equipment.
