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

Steve Blank

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. Being designated as a Torch Program startup gave banks comfort to provide loans to these ventures for technology commercialization. Like the U.S.

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Innovation, Change and the Rest of Your Life

Steve Blank

And for consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers. A 20 th century VC was likely to have an MBA or finance background. We now understand that startups are just temporary organizations designed to search for a scalable and repeatable business models.

Restful 243
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The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

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. Being designated as a Torch Program startup gave banks comfort to provide loans to these ventures for technology commercialization. Like the U.S.