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1、巩固练习Text1Directions:Thefollowingparagraphsaregiveninawrongorder.Forquestionsl-5,youarerequiredtoreorganizetheseparagraphsintoacoherentarticlebychoosingfromthelistA-Handfillingthemintothenumberedboxes.Thefirst,fourthandthelastparagraphshavebeencorrectlyplaced.［A］F
2、ortunatelythewaytomakeastartuprecession-proofistodoexactlywhatyouShoulddoanyway:runitascheaplyaspossible.Theimmediatecauseofdeathinastartupisalwaysrunningoutofmoney.Thecheaperyourcompanyistooperate,theharderitistokill.Fortunatelyithasgottenverycheaptorunastartup,
3、andarecessionwillifanythingmakeitcheaperstill.［B]Investorsaremoreofaproblem.Startupsgenerallyneedtoraisesomeamountofexternalfunding,andinvestorstendtobelesswillingtoinvestinbadtimes.Theyshouldn'tbe.Everyoneknowsyou'resupposedtobuywhentimesarebadandsellwhentimesar
4、egood.Butofcoursewhatmakesinvestingsocounterintuitiveisthatinequitymarkets,goodtimesaredefinedaseveryonethinkingit'stimetobuy.Youhavetobeacontrariantobecorrect,andbydefinitiononlyaminorityofinvestorscanbe.［C]Soifyouwanttoimproveyourchances,youshouldthinkfarmoreab
5、outwhoyoucanrecruitasacofounderthanthestateoftheeconomy,Butforanygiventeamoffounders,woulditnotpaytowaittilltheeconomyisbetterbeforetakingtheleap?Ifyou'restartingarestaurant,maybe,butnotifyou'reworkingontechnology.Technologyprogressesmoreorlessindependentlyofthes
6、tockmarket.Soforanygivenidea,thepayoffforactingfastinabadeconomywillbehigherthanforwaiting．Microsoft'sfirstproductwasaBasicinterpreterfortheAltair.Thatwasexactlywhattheworldneededin1975,butifGatesandAllenhaddecidedtowaitafewyears,itwouldhavebeentoolate.［D]Theecon
7、omicsituationisapparentlysogrimthatsomeexpertsfearwemaybeinforastretchasbadasthemidseventies,whenMicrosoftandApplewerefounded.Asthoseexamplessuggest,arecessionmaynotbesuchabadtimetostartastartup.I'mnotclaimingit'saparticularlygoodtimeeither.Thetruthismoreboring:t
8、hestateoftheeconomydoesn'tmattermucheitherway;whatmattersiswhoyouare,notwhenyoudoit.[E]Thatdoesn’tmeanyoucanignoretheeconomy.Bothcustomersandinvestorswillbefee
