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>Another is that you see very little “high risk / high reward” economic activity, like really innovative companies This doesn't seem to be true. Nordic countri
by tziki 6y ago
>Another is that you see very little “high risk / high reward” economic activity, like really innovative companies
This doesn't seem to be true. Nordic countries rank very high in terms of startup ecosystems and startups per capita.
- bjornsing 6y agoThere’s a lot of startups in Sweden but they seem relatively “low risk / low reward” and less innovative compared to Silicon Valley. You definitely don’t see the really ambitious stuff, like SpaceX or OpenAI and stuff like that. I suspect that if you looked at the whole distribution it would be shifted towards “low risk / low reward”. That can be said for most of the world though, so I admit it’s not a very strong argument.
- Jommi 6y agoI thin kyou're looking at pretty much the wrong variables here if you want to see SpaceX and OpenAI. Sweden is a country of 10M while USA has 330M and constant influx of brain power. Its more likely related to that than anything else. Not to mention the couner argument that in a nordic society you are more able to live through life worry free, which according to some people is the key for innovation.
- marvin 6y agoYou'd expect to see at least a billion dollar exit once in a while. But this is very rare. Kahoot is the only one I'm aware of. Most startups in Norway are sold off before they cross the $20 million mark.
- bjornsing 6y agoYep. And one of the sources of that influx of brain power is Sweden. There are reasons for that.