The Rise of Chinese Venture Capital – (Part 3 of 5)
Steve Blank
APRIL 12, 2013
SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end. It went bankrupt in 1997.). 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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