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Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

But what made the overwhelming impression for me was finding an entrepreneurial software cluster on par with the Internet software portion of Silicon Valley. Car sales in China went from 1 million in 2001 to 14 million in 2011.

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Is the Lean Startup Dead?

Steve Blank

The mantra of “ first mover advantage ,” the idea that winners are the ones who are the first entrants in their market, became the conventional wisdom of investors in Silicon Valley.“ Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan.

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Zhongguancun in Beijing – China’s Silicon Valley (Part 4 of 5)

Steve Blank

But what made the overwhelming impression for me was finding an entrepreneurial software cluster on par with the Internet software portion of Silicon Valley. Car sales in China went from 1 million in 2001 to 14 million in 2011.

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The Changing Venture Landscape

Both Sides of the Table

In 2001 companies IPO’d very quickly if they were working, by 2011 IPOs had slowed down to the point that in 2013 Aileen Lee of Cowboy Ventures astutely called billion-dollar outcomes “unicorns.” The legends of Silicon Valley?—?two two founders in a garage?—?(HP HP Style) are dead.

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12 Tips for Creating and Nurturing Efficient Two-Pizza Teams

YoungUpstarts

Its unconventional strategy was to ask Judy Estrin, a young Silicon Valley technologist, to join its board. He has been a regular panelist on television’s Forbes on FOX since the show’s inception in 2001. Go with your gut — even when someone isn’t the “obvious” choice.

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. The best and most consistent funds in Silicon Valley (e.g.

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Can You Trust Any vc's Under 40?

Steve Blank

My experience of 2001-2004 is very remote from what you are describing. Steve Blanks 30 years of Silicon Valley startup advice. The mantra was as follows: “no one is coming to save us, we are going to make it on our own&#. Order Here. To Order Outside of the U.S. Now In Print! Blog at WordPress.com.