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The first wave of startups began when R&D centers and universities began to provide the technology and seedcapital 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.
The first wave of startups began when R&D centers and universities began to provide the technology and seedcapital 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.
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.
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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