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I would imagine a big part of that is attributable to how friendly US laws are to the formation of new businesses. One of the most interesting things in the rec
by ericd 17y ago
I would imagine a big part of that is attributable to how friendly US laws are to the formation of new businesses. One of the most interesting things in the recent DHH interview by Calacanis was when DHH mentioned that in Europe, founders are personally liable for the money they're spending on their new business. The business he was working for went under, and the guys in charge spent years paying back the money they had taken.
- Kliment 17y agoThis is very much not true. You are liable up to the amount of capital invested in the typical company in most European countries. The minimum capital investment varies by country, but you are never liable for more than that in that form of company. There are other company forms where you are liable, but if you are going into a risky field you should not be using those. The way I understood it, the guys DHH was working for took credit in their own name to finance the company, which is generally a bad idea.
- noverloop 17y agoit's a bad idea, but there isn't a culture to invest in startups around here so they probably didn't have an option.