article thumbnail

China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

But for the last decade “innovation” in Chinese software meant something different than it did in Silicon Valley. If you’re a software startup competing in China, the words that come to mind are “ruthless and relentless.” company setting up some subsidiary here and expecting them to compete while they were following U.S.

China 324
article thumbnail

Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

Silicon Valley itself was built on the sciences with a foundation of trial-and-error and then improving the model and trying again. I believe this scientific method and trial-and-error approach is one of Silicon Valley’s most valuable strengths. Could big business accept its own creative destruction?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

China Startups – The Gold Rush and Fire Extinguishers (Part 5 of 5)

Steve Blank

But for the last decade “innovation” in Chinese software meant something different than it did in Silicon Valley. If you’re a software startup competing in China, the words that come to mind are “ruthless and relentless.” company setting up some subsidiary here and expecting them to compete while they were following U.S.

China 216
article thumbnail

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.“ After the crash, venture capital was scarce to non-existent. Most startups born in the bubble died in the bubble. The Rise of the Lean Startup.

Lean 335
article thumbnail

Embrace Losing – It Will Make You Stronger

Both Sides of the Table

It’s the one thing I miss having switched from player to manager – I love the joy of winning and of competing. I came several times to NorCal (where I grew up, actually) and went and met several partners from each Silicon Valley firm. Entrepreneurs are neurotic about it. They’re competitive.

China 333
article thumbnail

Embrace Losing – It Will Make You Stronger

Both Sides of the Table

It’s the one thing I miss having switched from player to manager – I love the joy of winning and of competing. I came several times to NorCal (where I grew up, actually) and went and met several partners from each Silicon Valley firm. Entrepreneurs are neurotic about it. They’re competitive.

China 328
article thumbnail

On Supercities, Economic Growth, and Income Inequality in a Post-COVID World

Ben's Blog

Economic inequality and opportunities for job growth are directly correlated with overall spending levels on R&D and with the geographic concentration (or distribution) or those dollars — both public funding (government) and private (as with VC). As noted above, government spending on R&D has fallen and at the same time U.S.