Economics
How to Turn Your Mom’s Savings Into $1 Billion? Ask This Guy
- Steven Yang left Google in 2011 for a Chinese startup hub
- Anker made a name selling smartphone chargers on Amazon
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After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.
If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.