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I kinda agree with a 'cultural' factor - Europeans are often more risk-averse than Americans or Israeli's, and starting a startup is definitely risky! I'm not
by huac 10y ago
I kinda agree with a 'cultural' factor - Europeans are often more risk-averse than Americans or Israeli's, and starting a startup is definitely risky!
I'm not sure how the Nordic countries get around that though. A stronger social safety net is probably negatively correlated with risk-aversion.
- cyphunk 10y agoI'll second that. I lived in both the US and Israel, eventually settling in the EU precisely because the culture here is much less risk-friendly. People value security more than potential in much of middle EU.
- nikanj 10y agoTraditionally, in Europe the state saves for your retirement, and in the US you save for your retirement. This leads to the US general population having much more savings in their disposal, enabling both bootstrapping via founder savings, and seed funding from friends, family and fools.
- bllguo 10y agoI think you mean more risk-averse?
- huac 10y agofixed :)