12,000 startups are being created every day in China [video]
1–10 of 75 posts
Re: 12,000 startups are being created every day in China [video]
#2So I had some doubts about the numbers at first, but a rough quick calculation 12,000 / (1.3 billion (people) * .5 (age 25-54)) ≈ 0.002% of the available population a day creating a startup (1 in every 50,000) which does not seem too far-fetched, but still seems a bit high to be honest.
Re: 12,000 startups are being created every day in China [video]
#3So I had some doubts about the numbers at first, but a rough quick calculation 12,000 / (1.3 billion (people) * .5 (age 25-54)) ≈ 0.002% of the available population a day creating a startup (1 in every 50,000) which does not seem too far-fetched, but still seems a bit high to be honest.
I agree. Even if the number is too high, I wonder about the failure rate.
Re: 12,000 startups are being created every day in China [video]
#4So I had some doubts about the numbers at first, but a rough quick calculation 12,000 / (1.3 billion (people) * .5 (age 25-54)) ≈ 0.002% of the available population a day creating a startup (1 in every 50,000) which does not seem too far-fetched, but still seems a bit high to be honest.
I probably only know a few hundred people here, and there are multiple people starting businesses every year.
1 in 50,000 per day = 1 in ~136 per year. That sounds about right, perhaps even low.
Re: 12,000 startups are being created every day in China [video]
#5And yet just today...
"China’s sprawling Internet censorship regime is harming the country’s economic and scientific progress, a senior official has said in a rare public rebuke of long-standing Chinese Communist Party (CCP) policy."
http://www.taipeitimes.com/News/front/archives/2017/03/05/20...
So they're creating alot of startups that probably are just copycats of what's existing. Not surprising considering China really isn't known for innovations.
Re: 12,000 startups are being created every day in China [video]
#6It will be interesting to see how this will evolve and what impact will have it on US in long term.
Re: 12,000 startups are being created every day in China [video]
#7And yet just today... "China’s sprawling Internet censorship regime is harming the country’s economic and scientific progress, a senior official has said in a rare public rebuke of long-standing Chinese Communist Party (CCP) policy." http://www.taipeitimes.com/News/front/archives/2017/03/05/20... So they're creating alot of startups that probably are just copycats of what's existing. Not surprising considering China…
It's most likely a jumping off point. One way to learn painting in the past was to copy paintings made by masters. So as the economy develops and more people can afford to take risks, innovations should be more common (unless govt intervention prevents it). Japan was viewed upon as a land of where cheap imitations were made.
Re: 12,000 startups are being created every day in China [video]
#8So I had some doubts about the numbers at first, but a rough quick calculation 12,000 / (1.3 billion (people) * .5 (age 25-54)) ≈ 0.002% of the available population a day creating a startup (1 in every 50,000) which does not seem too far-fetched, but still seems a bit high to be honest.
I probably only know a few hundred people here, and there are multiple people starting businesses every year. 1 in 50,000 per day = 1 in ~136 per year. That sounds about right, perhaps even low.
What do they use as investment? Personal savings, loans, VC?
Re: 12,000 startups are being created every day in China [video]
#9And yet just today... "China’s sprawling Internet censorship regime is harming the country’s economic and scientific progress, a senior official has said in a rare public rebuke of long-standing Chinese Communist Party (CCP) policy." http://www.taipeitimes.com/News/front/archives/2017/03/05/20... So they're creating alot of startups that probably are just copycats of what's existing. Not surprising considering China…
It's most likely a jumping off point. One way to learn painting in the past was to copy paintings made by masters. So as the economy develops and more people can afford to take risks, innovations should be more common (unless govt intervention prevents it). Japan was viewed upon as a land of where cheap imitations were made.
They've been saying that since the Chinese economy opened up in the 80s, really opened up in the 90s, really really opened up in the 2000s. so far, nothing in 35 years. Japan had so much innovations in way less time. meanwhile China's economy is crashing down, and no more free FDI to fuel any further progress
Re: 12,000 startups are being created every day in China [video]
#10my friend went there and opened one a few years ago. it's relatively easy to open one I was told
but it's super painful to close that, even though it's a small startup and financially clean, still do not know how he could ever close that, many procedures, paperwork, financial check everything he could not supply as a small player,etc. it's just impossible to close i guess.
basically it looks to me that it's a easy-in-hard-out process.