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You can be happy when your companies are bought and you can invest in a new round of (local) startups.
by tuukkah 5y ago
You can be happy when your companies are bought and you can invest in a new round of (local) startups.
- repomies69 5y agoYou can be even more happy if you use the money to buy a new yacht.
- tuukkah 5y agoEven as a country, yes, if the yacht is bought from the local economy and fuels new maritime innovations.
- kakoni 5y agoI believe in Finland you mostly invest in walls and then whats left is for few angel rounds.
- tuukkah 5y agoThis should correlate with how much the founders net, and buying a house after your exit happens elsewhere too. Also, some of the profits go to the institutional investors and they definitely re-invest.
- kakoni 5y agoNo by investing in walls I meant that in Finland typically it has been quite common that after successful exit the profits (mainly) go into property development. You start buying different kinds of real estate.
- MomoXenosaga 5y agoYes I'm sure there will be a startup rival for Google any day now...
- tuukkah 5y agoI'm not sure what kind of argument you want to make: Wolt could've been the first GAFAM to come from outside of US? Finland (GDP $271 billion) should grow and host a business such as Google (revenue $183 billion)?