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Venture Capital

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Director
Director
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Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 12

Kudos [?]: 133 [0], given: 10

Venture Capital [#permalink] New post 02 Jun 2008, 22:34
http://www.reuters.com/article/business ... 1520080603

After reading this articles where it states that "Nearly three out of every five of U.S. venture capitalists, or 57 percent, are now investing outside the country"

Does that mean extra languages are beneficial in securing VC roles?
SVP
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Joined: 30 Apr 2008
Posts: 1889
Location: Oklahoma City
Schools: Hard Knocks
Followers: 36

Kudos [?]: 480 [0], given: 32

Re: Venture Capital [#permalink] New post 03 Jun 2008, 05:17
Extra languages are going to be beneficial in securing any kind of role with business.

Some people say they want to focus on international business, but when a corporation or bank gets big enough, the business is international. Besides, knowing another language shows (at least implies) you don't have an ethnocentric worldview and realize there is much more outside the U.S. borders.

My best friend graduated from Harvard's KSG in 2005 and is now working in Republic of Georgia. He knows Russian (fluent), Georgian (fluent), French (not fluent but darn close), and German (again not fluent to the business level but way beyond tourist).

He has told me numerous times how important it has been for him when he walks into a meeting and he starts the meeting speaking in Georgian. Immediately people's perception of him changes. He's not just an American brought in to tell them what to do, he is one of them, and that makes all the difference in the world. He met his wife there when working for a summer during school so she has helped him become fluent.

It's hard to gauge the value of speaking to someone in their own language, especially when you don't necessarily have to because English is such a prominent language of international business.

togafoot wrote:
http://www.reuters.com/article/businessNews/idUSN0232321520080603

After reading this articles where it states that "Nearly three out of every five of U.S. venture capitalists, or 57 percent, are now investing outside the country"

Does that mean extra languages are beneficial in securing VC roles?

_________________

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J Allen Morris
**I'm pretty sure I'm right, but then again, I'm just a guy with his head up his a$$.

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Re: Venture Capital   [#permalink] 03 Jun 2008, 05:17
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