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>While there's much less of a culture of entrepreneurship and only 15% of Europeans think about starting their own company, nearly all (14.7%) of them actually
by philh 18y ago
>While there's much less of a culture of entrepreneurship and only 15% of Europeans think about starting their own company, nearly all (14.7%) of them actually go ahead and do it.
I wonder what the average payoff is though. When the going gets tough, I can easily imagine that the reduced costs of failure cause more founders to bail out.
(This is ignoring that any comparison between the USA and Europe will probably have so much baggage attached as to be meaningless.)
- notauser 18y agoWhat reduced cost of failure? Failing with a start up is when you get some stability back as you go and get a regular job. The US is where there is more incentive to quit early as it will restore your health insurance and other benefits. In the EU the difference between failing startup/government support and regular job is smaller, so the incentive to fold is lower. If anything the Euopean system could cause you to hang on to a no hope case for too long as you can make ends meet more easilly.
- dmix 18y agoThe average entrepreneur makes less money starting a company then they would of getting a job at an existing company. I wish people would stop quoting stats of ALL entrepreneurship and focus on industries. High tech start-ups are much different and 824 times more likely to be high growth then starting something like a restaurant. But there's far more restaurants in those statistics people love to quote. Read: Finding Fertile Ground or The Illusions of Entrepreneurship by Scott Shane to understand the reality of entrepreneurship and high tech companies.