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

Steve Blank

The first post described how China built a science and technology infrastructure to support advanced weapons systems development. The previous post described how the Torch program built China’s innovation clusters. SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end.

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

Steve Blank

The first post described how China built a science and technology infrastructure to support advanced weapons systems development. The previous post described how the Torch program built China’s innovation clusters. SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end.

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Revenue Development

K9 Ventures

One of our first customers was a stock trading company in NY that wanted to host live stock chats. Another customer was my alma mater, Carnegie Mellon University, who was using it to host online class discussions for its distance education program. Heck, it had to work, since we built it in close consultation with the customer.

Revenue 72
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Datablindness

Startup Lessons Learned

I suddenly lose my ability to judge if our marketing programs are being effective. Use pilot programs. This is true for split-testing features, but it’s also true for marketing programs or even operations changes. In May of 1998, India detonated several nuclear weapons at a test site near New Delhi.