Steve Blank

APRIL 12, 2013

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. At the same time neither banks nor local governments had the cash to finance startups on the scale the country needed. Like the U.S. It went bankrupt in 1997.).

Venture Capital 272

Venture Capital China Offshore SBIR 272

Steve Blank

APRIL 12, 2013

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. At the same time neither banks nor local governments had the cash to finance startups on the scale the country needed. Like the U.S. It went bankrupt in 1997.).

Venture Capital 164

Venture Capital China Offshore SBIR 164

Steve Blank

MAY 9, 2017

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. China has simply become the factory. Third, venture capital has now become Founder-friendly.

Restful 227

Restful Silicon Valley Puerto Rico San Jose 227