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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. Over 100 startups were listed on ChiNext the first year of its launch at sky-high valuations (average of 66 times earnings.)

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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. Over 100 startups were listed on ChiNext the first year of its launch at sky-high valuations (average of 66 times earnings.)

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Innovation, Change and the Rest of Your Life

Steve Blank

Their need to get into high-profile deals has driven late-stage valuations into unicorn territory. A unicorn is a startup with a market capitalization north of a billion dollars. What this means is that the emergence of incubators and super angels have dramatically expanded the sources of seed capital.

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