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. These local governments financially supported the startups because, by locating in these zones, the new ventures were seen as contributing to local economic development. It went bankrupt in 1997.). A few foreign VC firms like IDG Capital Partners entered China in the early 1990s. China Customer Development Technology Venture Capital

Hubris Versus Humility: The $15 billion Difference

Steve Blank

In 1997, RIM introduced the first packet-switched messaging device. But RIM decided to hide all of that from their customers. 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. In today’s language of Customer Development , RIM positioned the Blackberry as a segment of an existing market – pager users who needed two-way communication.

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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. These local governments financially supported the startups because, by locating in these zones, the new ventures were seen as contributing to local economic development. It went bankrupt in 1997.). A few foreign VC firms like IDG Capital Partners entered China in the early 1990s. China Customer Development Technology Venture Capital

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. They can use Steve Blank’s Lean LaunchPad approach to get out of the building and actually incorporate customer development early into the definition of their business.

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.) Filed under: Customer Development , Family/Career , Technology | Tagged: Steve Blank , Entrepreneurs , Tips for Startups « Am I a Founder?