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When It’s Darkest Men See the Stars

Steve Blank

For consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers. The New Structure of the Venture Capital industry. Risk capital has emerged in China, India and other countries where risk taking, innovation and liquidity is encouraged, on a scale previously only seen in 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. What this means is that the emergence of incubators and super angels have dramatically expanded the sources of seed capital. China has simply become the factory. VCs have now ceded more control to founders.

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