Tuesday, May 08, 2007

Commentary - The "American Idol" of (Chinese) Entrepreneurship

Entrepreneurship is the “rising tide that lifts all boats” , because growth and innovation brings prosperity to all. I recently posted about Paul Graham’s Y-Combinator, a startup firm that provides seed money to early stage companies, usually in the range of $20,000. Here’s a story I found at Rutledge Capital. In China they’ve done a sort of “American Idol” /”The Apprentice” combination in what must be the granddaddy of all business shows: a competition starting with 120,000 Chinese entrepreneur candidates on a show called “Win In China”. The winner gets approximately 1.2 milllion (US equivalent) to fund their dream. The scale of the vision is enormous. Clearly the Chinese are hungry for success in a big way.


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