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The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. I was only in China for a week so this a cursory view. Investing in China Today. All the usual caveats apply.

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The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

I just spent a few weeks in Japan and China on a book tour for the Japanese and Chinese versions of the Startup Owners Manual. In these series of 5 posts, I thought I’d share what I learned in China. I was only in China for a week so this a cursory view. Investing in China Today. All the usual caveats apply.

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No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. And they rolled all of this up into a set of financial forecasts with a “size of market” forecast from brand name management consulting firms that said they’d have 42 million customers by 2002. It was a technical tour de force.

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Why The Movie Industry Can’t Innovate and the Result is SOPA

Steve Blank

In each case, the new technology produced a new market far larger than the impact it had on the existing market. 1998 – the MPAA got congress to pass the Digital Millennium Copyright Act (DMCA), making it illegal for you to make a digital copy of a DVD that you actually purchased. No one was ever going to buy music again.