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

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. Like the U.S. It went bankrupt in 1997.). Lessons Learned.

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

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. Inside the zones were Torch Technology Business Incubators with startups licensed by the local governments. Like the U.S. It went bankrupt in 1997.). Lessons Learned.

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

Steve Blank

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. In the 1920’s individual states were beginning to censor movies and the federal government was threatening to do so as well. The reality? History and success.