1997 Customer Development Finance Partner 
Steve Blank
APRIL 12, 2013
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. At the same time neither banks nor local governments had the cash to finance startups on the scale the country needed. It went bankrupt in 1997.). Like the U.S.
Steve Blank
APRIL 12, 2013
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. At the same time neither banks nor local governments had the cash to finance startups on the scale the country needed. It went bankrupt in 1997.). Like the U.S.
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