Saturday, June 13, 2015

Why It's Often Easier To Innovate In China Than In The United States

About a year and a half ago, I discovered this $12 “Gongkai” cell phone (pictured above) in the markets of Shenzhen, China. My most striking impression was that Chinese entrepreneurs had relatively unfettered access to cutting-edge technology, enabling start-ups to innovate while bootstrapping. Meanwhile, Western entrepreneurs often find themselves trapped in a spiderweb of IP frameworks, spending more money on lawyers than on tooling.

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