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The reason could be that in Europe investors are more conservative, too. I can't imagine that a startup gets half a million dollar here in Europe because they
by tonyjstark 10y ago
The reason could be that in Europe investors are more conservative, too.
I can't imagine that a startup gets half a million dollar here in Europe because they let send you a friendly Yo to your buddies. (If I'm wrong here, tell me, I got some code laying around doing stuff like that). And with Uber and AirBNB don't tell me about embracing local laws and taxing.
- ccozan 10y agoI cannot give this comment enough points so that is the top one. But this is actually the single concern I have: conservative VC. It is sooo bad, you guys in US cannot even imagine. If, let's say, 5-6 years ago you could get away with a broken demo and a nice paper describing the idea , plus a business plan, now unless you are having 3-4 customers and everything already works they don't even look at you. And don't get me started on the accelerators. Biggest BS ever. All in all, above even connections, money matters. You can build your stuff in 50 languages, perform 1000s of studies how to market, etc, if you have the capital for this. This should not be expensive, but this is the stuff you need _before_ you can expand or even reach a customer. But at this stage, you are left on your own, or give away a big chunk of shares for some little change from an accelerator.