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

Steve Blank

The first wave of startups began when R&D centers and universities began to provide the technology and seed capital for new startups that were spin-outs or spin-offs. 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.

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

Steve Blank

The first wave of startups began when R&D centers and universities began to provide the technology and seed capital for new startups that were spin-outs or spin-offs. 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.

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When It’s Darkest Men See the Stars

Steve Blank

the failure rate of new ventures (startups had no formal rules and were a hit or miss proposition), the slow adoption rate of new technologies by the government and large companies. For consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers.

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Innovation, Change and the Rest of Your Life

Steve Blank

Government and the enterprise are now followers rather than leaders. And for consumer hardware, no startup has to build their own factory as the costs are absorbed by offshore manufacturers. A unicorn is a startup with a market capitalization north of a billion dollars. China has simply become the factory.

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