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I totally buy that Norway has many strengths, and like I said, I was really impressed with the entrepreneurs I met there. I think the problem with cultivating
by vonnik 9y ago
I totally buy that Norway has many strengths, and like I said, I was really impressed with the entrepreneurs I met there.
I think the problem with cultivating a tech ecosystem in many first-world cities is the lack of capital channeled through sophisticated investors who can deploy it in tech.
That's one factor behind Silicon Valley's continued gravity for international entrepreneurs -- they keep running into the funding gaps in their homelands. Sadly, the Trump administration seems to be making it harder for international talent and international capital to meet in the US.
I lived in Europe for many years, and saw a lot of capital that just wanted a safe real estate bet.
> Most of our billionaires are self made. In fact we have more billionaires per capita than the US and more social mobility.
Sure. But Norway is a country with enormous oil reserves, like the Gulf Emirates. That's basically luck. The question is: How can you build an economy with less/zero dependence on arbitrary allocations of natural resources, especially given that the price of energy is trending toward zero?