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

Steve Blank

It went bankrupt in 1997.). A few foreign VC firms like IDG Capital Partners entered China in the early 1990s. The market was created to provide startups and their investors liquidity. China’s venture capital system has made a remarkable journey from the “state owns everything” to the free market.

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Why “The Culture of Failure” is Imperative to Startup Communities

Both Sides of the Table

I lived in London from 1997-2005 and for 6 of those years ran my startup based out of London. I think the fact that NorCal didn’t have strong industries in financial services, manufacturing, autos, marketing or other traditional industries also made experimentation more acceptable. I remember this lesson well.

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Hubris Versus Humility: The $15 billion Difference

Steve Blank

In 1997, RIM introduced the first packet-switched messaging device. While phrases like “mobile email and packet switching” didn’t mean a thing to RIM’s first customers, the “interactive pager” positioning proved important in attracting early adopters. Resegmenting an Existing Market. Creating a New Market. You got it.

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Business Plans Are An Historical Artifact

Feld Thoughts

I went on to create a company, with my partner Dave Jilk, that bore very little resemblance to that business plan. By 1997, when I started investing as a venture capital investor, I was no longer reading business plans. The textbook for the course was Jeffry A. In the 1990s, business plan competitions were all the rage.

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

Steve Blank

It went bankrupt in 1997.). A few foreign VC firms like IDG Capital Partners entered China in the early 1990s. The market was created to provide startups and their investors liquidity. China’s venture capital system has made a remarkable journey from the “state owns everything” to the free market.

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Lies Entrepreneurs Tell Themselves « Steve Blank

Steve Blank

As an early employee I worked all hours of the day, never hesitated to jump on a “ red-eye ” plane to see a customer at the drop of a hat, and did what was necessary to make the company a winner. And one would become my mentor and partner in later companies.) Two of my role models for my career were in this company. (And