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You can startup an AI automated car driving startup more easily in italy than you can in SV? In SV you can get 10M+ in capital pretty easily - close relative w
by onphonenow 5y ago
You can startup an AI automated car driving startup more easily in italy than you can in SV?
In SV you can get 10M+ in capital pretty easily - close relative with one prior startup did just that recently. It's VERY low overhead, you can hire (and fire) folks pretty simply. The due diligence on that $10M didn't even require audited financials or anything.
I don't know anywhere in italy even close to that.
- yakak 5y agoThe buying power of 10m in SV is equivalent to what, 2m in Italy? There's definitely a lot of sweet VC money to collect with a business office in SV, but I have no idea why a large company investing a lot of its own money would choose to throw 4/5ths of it away.
- samatman 5y agoTotally absurd claim without any basis in fact whatsoever! Startup spend (should be) dominated by payroll, maybe server costs. This isn't 500% as expensive in California vs Italy, you made this up.
- Fire-Dragon-DoL 5y agoWell, in Italy a software dev would earn 1500€/month (anecdotal based on friends), so if you are talking about a software startup, it's not out of the blue. My salary (I'm italian living in Canada) is at least 5x what I would be making in Italy