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风险投资公司，是专门风险基金（或风险资本），把所掌管的资金有效地投入富有盈利潜力的高科技企业，并通过后者的上市或被并购而获取资本报酬的企业。风险资本家将资金投资于新的企业，帮助管理队伍将公司发展到可以“上市”的程度，即将股份出售给投资公众。一旦达到这一目标，典型的风险投资公司将售出其在公司的权益，转向下一个新的企业。
Venture capital in emerging markets
新兴市场的风险投资
VC clone home
风投公司投资模仿者
Making money by bringing old ideas to new markets
将老点子运用至新市场来赚钱
SOME venture capitalists call it “geo-arbitrage”; others know it as “tropicalisation”. The term refers to the practice of backing start-ups that take an established business model and adapt it to an emerging market. Whatever you call it, it is becoming a bigger part of the venture-capital industry as competition at home forces Silicon Valley investors to look farther afield.
一些风险投资者称之为“地缘套利”；另一些则称之为“热带化”。这个术语是指：对将既有商业模式运用至新兴市场的新兴企业进行投资。不论人们称之为何物，由于国内的竞争迫使硅谷投资者将目光放得更远，这种做法在风投行业中越来越常见了。
Julio Vasconcellos, one of the founders of Peixe Urbano, a Brazilian site offering users discounted deals, is thrilled by the “huge flood” of American investors he has noticed coming to Brazil, for instance. No wonder. Some of them, including Benchmark Capital and General Atlantic, have invested in his own company alongside Brazilian venture capitalists. The financiers have reason to be upbeat, too. Peixe Urbano is a clone of Groupon, an American start-up that went public last year; its business model is one they know can take off.
例如，巴西折扣购物网Peixe Urbano的其中一位创始人胡里奥 瓦斯康塞洛斯（Julio Vasconcellos）发现有大量美国投资者“涌入”巴西，为此而感到兴奋。这完全不足为奇。在这些美国投资者中，包括基准资本公司（Benchmark Capital）和泛大西洋投资公司（General Atlantic）在内的一些也和巴西风投者一样投资了他的公司。这些投资者持乐观态度也是有原因的。因为Peixe Urbano复制了团购网（Groupon）的经营模式。团购网是一家去年上市的美国新兴企业；投资者相信其经营模式能够让Peixe Urbano快速发展。
