Nothing ventured

Chinese translation: “稳扎稳打”很好或“稳扎稳打，步步为赢”

12:36 Apr 17, 2004

English to Chinese translations [PRO]
Bus/Financial - Investment / Securities

English term or phrase: Nothing ventured

Nothing ventured
Europe's governments have been slow to simplify rules that govern the creation of new companies. Restrictive labour laws in Germany, France and many other European countries are a big obstacle to many start-ups, which often need the freedom to hire and fire staff at short notice and cheaply just to survive. High taxes on capital gains also make it less rewarding for entrepreneurs to incorporate in such countries, which in turn puts off VC investors.
欧洲各国政府迟迟不愿简化监管新公司创办的法规。德国、法国及欧洲其它许多国家的限制性劳工法成了许多新兴公司的一大绊脚石。因为新兴公司往往需要在短时间内能够以较低成本聘用及解雇员工的自由，以便可以生存下去。居高不下的资本收益税也不大有利于企业家在这些国家组建公司，这反过来让风险投资家兴趣全无。
That could change. Britain is giving greater tax breaks to VC investments. Gordon Brown, Britain's finance minister, recently announced a doubling of the tax credit for VC trusts in his annual budget. A few high-flyers have smelled profits. Paul Harvey recently left a job as a technology investment banker with Goldman Sachs in London to start Abbey Road Venture Partners. He reportedly wants to raise $150m to invest in new technologies.
这种情况有望发生变化。英国现正在为风险投资提供更优惠的减税政策。英国财政大臣：戈登·布朗最近就在年度预算中宣布了为风险投资信托提供将免税幅度提高一倍的政策。几位踌躇满志的人士已经察觉到了盈利的苗头。保罗·哈维（Paul Harvey）最近辞去了伦敦高盛公司的技术投资银行家的职务，创办了阿比路风险投资合伙人公司。据说他想筹集1.5亿美元以投资新技术。
The European approach is certainly distinctive. European VC funds are more likely to spend their time building or refining technologies, rather than trying to develop an international brand or a company that has its own global salesforce and marketing operations. That means the Europeans are more likely to have a number of smaller “wins”, rather than a big American-style “home run”.
欧洲的投资方法截然不同。欧洲风险投资基金更有可能把时间花在开发或者改进技术上，而不是努力打造国际品牌或者打造拥有自己的国际销售队伍和市场营销部门的公司。这意味着，欧洲人更有可能取得多次小打小闹的“胜利”，而不是美国式的来一次“本垒打”。
Anne Glover of Amadeus Capital Partners in London thinks that venture capitalists will increasingly fund start-ups using a portfolio approach in which individual VC firms team up with peers in order to pool risks. For instance, the recently floated Cambridge Silicon Radio had only three investors in its earliest funding rounds. More than a dozen firms took part in its third round, in which it raised $25m.
伦敦阿玛多伊斯资本合伙公司的安妮·格洛弗（Anne Glover）认为，风险投资家会越来越多采用投资组合方法为新兴公司提供资金，即每家风险投资公司与同伙一起出资，以此分摊风险。譬如说，前不久上市的剑桥硅无线电公司在首轮筹资时只有三个投资者。而到了第三轮筹资，却有十多家公司参与投资，到时筹到了2500万美元。
But the real question facing the VC industry is whether, in better times, it can maintain discipline. Experienced venture capitalists recall that during the boom they received more new-business proposals than they could read, let alone evaluate sensibly. If their post-boxes begin to groan again, they should remember the days when a flood of money caused them to drop their guard. With far less cash to play with these days, they will have only themselves to blame for any future debacle.
但风险投资业面临的真正问题在于，在顺境下，能否保持清晰头脑。经验丰富的风险投资家记得：繁荣时期，他们接到的新的经营计划书多得看都看不完，更不用说明智评估了。要是他们的信箱又开始塞得满起来，应当不能忘了大量涌入的资金害得自己掉以轻心的日子。由于如今可用来投资的资金少了许多，将来万一遭遇滑铁卢，那也是他们咎由自取。
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这个小标题如何翻译比较好？

clearwater KudoZ activity Questions: 12458 (5 open) (1 without valid answers) (1079 closed without grading) Answers: 1671 China
Local time: 20:30

Chinese translation:“稳扎稳打”很好或“稳扎稳打，步步为赢”

Explanation:
“稳扎稳打”很好
或“稳扎稳打，步步为赢”

Selected response from:

Simtech Zhang
China
Local time: 20:30

Grading comment

谢谢诸位！
3 KudoZ points were awarded for this answer

Summary of answers provided

无风险了

Ray Luo

没有风险即无投资

Wenjer Leuschel (X)

无利谁起三更早

Xiaoping Fu

避险求稳

Edward LIU

“稳扎稳打”很好或“稳扎稳打，步步为赢”

Simtech Zhang

Discussion entries: 5

Answers

11 mins confidence:

nothing ventured 无风险了

Explanation:
风险投资变得无风险了/
无风险的风险投资

Ray Luo
United Kingdom
Local time: 13:30
Native speaker of:

Chinese
PRO pts in category: 4

4 hrs confidence:

nothing ventured 没有风险即无投资

Explanation:
没有风险即无投资。
只要有投资必然有风险。既然称为「风险投资」，投资的风险原本就很大。但是，投资风险越大，获利也可能越大。风险投资炒得越热，赔钱的人赔得越凶，赚钱的人也不无大赚。如今风险投资已不再一头热，可以掌握的资金较少，投资自然会谨慎一些。所以，固然还有投资风险存在，只是风险投资更加谨慎了。

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Note added at 4 hrs 19 mins (2004-04-17 16:56:10 GMT)
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有点像「鸡生蛋、蛋生鸡」的论调吧？Nun, nichts wagen, nichts gewinnen.

Wenjer Leuschel (X)
Taiwan
Local time: 20:30
Works in field
Native speaker of:

Chinese
PRO pts in category: 25

7 hrs confidence:

nothing ventured 无利谁起三更早

Explanation:
不入虎穴，焉得虎子。那么，没有虎子，谁愿入虎穴呢？我想，这个标题的意思就是“nothing ventured, [because nothing to gain].”

译成中文是比较难，提几个建议：

“无利谁起三更早”

“无回报则无投资”

“无人原冒无利风险”

Xiaoping Fu
Canada
Local time: 05:30
Native speaker of:

Chinese
PRO pts in category: 7

20 hrs confidence:

nothing ventured 避险求稳

Explanation:
既然谈风险投资家，何不叫‘避险求稳’？

Edward LIU
Canada
Local time: 08:30
Specializes in field
Native speaker of:

Chinese
PRO pts in category: 50

1 day 12 hrs confidence:

nothing ventured

“稳扎稳打”很好或“稳扎稳打，步步为赢”

Explanation:
“稳扎稳打”很好
或“稳扎稳打，步步为赢”

Simtech Zhang
China
Local time: 20:30
Native speaker of:

Chinese
PRO pts in category: 19

Grading comment

谢谢诸位！

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Nothing ventured

Chinese translation: “稳扎稳打”很好或“稳扎稳打，步步为赢”

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Chinese translation: “稳扎稳打”很好 或“稳扎稳打，步步为赢”

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Chinese translation: “稳扎稳打”很好或“稳扎稳打，步步为赢”