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Silicon Valley success has nothing to do with "failure is a key", it has to do with the infinite money they print and the tax benefits VCs get as a result What

Silicon Valley success has nothing to do with "failure is a key", it has to do with the infinite money they print and the tax benefits VCs get as a result What people buy from Silicon Valley nowadays? nothing, they become millionaire before getting their first customer SF is becoming a shit hole, 0 infrastructure investments, everything goes to few pockets, and they move The best EU can do is to not replicate that and tax the shit out of everything that's coming from the US, so they can develop and grow in peace without the toilet paper payers coming destroying everything Also your comment on failure is not allowed in EU is wrong, it is allowed, if you fail you get a ton of help The problem EU has is every success story either get stopped net by US lawyers, or they get purchased with toilet paper money

eesmith 4y ago
If I read between the lines of your response, it seems tech founders should absolutely move to the US to get a bit of that infinite money, as they can pivot and re-pivot while improving VC tax benefits. I'm still trying to track down the J-L G quote. https://books.google.com/books?id=CLxzUW4V_2cC&lpg=PA218&ots=H_L2Fr5x_u&dq=Jean-Louis+Gass%C3%A9e+failure+silicon+valley+france&lr=&hl=en&pg=PA247&redir_esc=y#v=onepage&q=failure&f=false https://books.google.com/books?id=CLxzUW4V_2cC&lpg=PA218&ots... shows a matching few snippets from "Understanding Silicon Valley: The Anatomy of an Entrepreneurial Region" (2001), like > 4. Many have remarked that in Silicon Valley there is little stigma attached to failure. Many have attributed this to a "cultural" trait; few have considered that it is in the interest of the venture capitalists to lower the cost of failure. It is critical to the entire system that entrepreneurs continue to venture. Discouragement and punishment increases the cost of failure and offers little economic return to the venture capitalists. https://www.emerald.com/insight/content/doi/10.1108/03068291211245745/full/html https://www.emerald.com/insight/content/doi/10.1108/03068291... attributes this "failure" explanation to the "flexible recycling mechanism" of Bahrami and Evans, 1995 https://journals.sagepub.com/doi/10.2307/41165799 https://journals.sagepub.com/doi/10.2307/41165799 . My memory of the J-L G quote is from the late 1990s/early 2000s, so almost certainly derives from ideas passed around at the time from one wag to the next. Another phrase I found in this context is "learning by doing and failing". Oh, you'll totally love (not!) this paper, "Failing Better: What We Learn" at https://www.researchgate.net/profile/Adam-Thierer/publication/308710137_Failing_Better_What_We_Learn_by_Confronting_Risk_and_Uncertainty/links/5a134b96aca27217b5a2f235/Failing-Better-What-We-Learn-by-Confronting-Risk-and-Uncertainty.pdf https://www.researchgate.net/profile/Adam-Thierer/publicatio... Seems the US is so great at internet companies because the Data Protection Directive, "instituted highly restrictive policies governing online data collection and use" prevented innovation in Europe. Quoting it: "Often overlooked in the success of American start-ups is the even greater number of failures. “Fail fast, fail often” is a Silicon Valley mantra, and the freedom to innovate is inextricably linked to the freedom to fail. In Europe, failure carries a much greater stigma than it does in the United States." citing “A Fearless Culture Fuels U.S. Tech Giants,” New York Times, June 19, 2015, http://www.nytimes http://www.nytimes. com/2015/06/19/business/the-american-way-of-tech-and-europes.html Yeah, don't go reading that rah-rah-America-is-so-much-better NYT piece. Apparently "Even the vaunted European child-rearing, she believes, is too prescriptive" and "European children may be better behaved, but American children may end up being more free to explore new things."
- Shadonototra 4y ago
  > If I read between the lines of your response, it seems tech founders should absolutely move to the US to get a bit of that infinite money, as they can pivot and re-pivot while improving VC tax benefits. If they like toilet paper money and want to speed up their extinction, that's exactly the play, you are right! "Fail fast, fail often" is the quote they use to make sure they renew their VC funding as often and as fast as possible, and make you burn your money for their own profit, it's a trap, what happens to the people who fail, nobody gives a shit, the entrepreneur is a resource we have to burn > Seems the US is so great at internet companies because the Data Protection Directive, "instituted highly restrictive policies governing online data collection and use" prevented innovation in Europe. Hell no, the EU had everything, but the US wanted everything for them instead, so they killed everything that's coming from EU (and asia btw, and they don't even have any of the data protection laws btw) and they push theirs How come they get customers then, easy when you can lobby and https://www.theregister.com/2022/03/25/microsoft_accused_of_corrupt_business/ https://www.theregister.com/2022/03/25/microsoft_accused_of_... You joke about EU's bureaucracy, but nobody points US's bureaucracy and their army of lawyers and toilet paper printers
  - eesmith 4y ago
    Yes, the authors of this LinkedIn piece appear to like toilet paper money. > "You joke about EU's bureaucracy" No, I point out connections to previous pronouncements on this topic. My goal was to highlight 1) the link title is editorializing, 2) that if true it's been true for decades and thus the LinkedIn piece shouldn't change one's existing world-view. As for me personally, well, I'll be more explicit. My previous comment ended " ... but American children may end up being more free to explore new things." I originally avoided adding "like being shot at while the police do nothing". I could add more. These appear to be the sorts of just-so stories that make rich Americans happy. Which is what you want to promote to get money from rich Americans.

eesmith 4y ago

If I read between the lines of your response, it seems tech founders should absolutely move to the US to get a bit of that infinite money, as they can pivot and re-pivot while improving VC tax benefits. I'm still trying to track down the J-L G quote. https://books.google.com/books?id=CLxzUW4V_2cC&lpg=PA218&ots=H_L2Fr5x_u&dq=Jean-Louis+Gass%C3%A9e+failure+silicon+valley+france&lr=&hl=en&pg=PA247&redir_esc=y#v=onepage&q=failure&f=false https://books.google.com/books?id=CLxzUW4V_2cC&lpg=PA218&ots... shows a matching few snippets from "Understanding Silicon Valley: The Anatomy of an Entrepreneurial Region" (2001), like > 4. Many have remarked that in Silicon Valley there is little stigma attached to failure. Many have attributed this to a "cultural" trait; few have considered that it is in the interest of the venture capitalists to lower the cost of failure. It is critical to the entire system that entrepreneurs continue to venture. Discouragement and punishment increases the cost of failure and offers little economic return to the venture capitalists. https://www.emerald.com/insight/content/doi/10.1108/03068291211245745/full/html https://www.emerald.com/insight/content/doi/10.1108/03068291... attributes this "failure" explanation to the "flexible recycling mechanism" of Bahrami and Evans, 1995 https://journals.sagepub.com/doi/10.2307/41165799 https://journals.sagepub.com/doi/10.2307/41165799 . My memory of the J-L G quote is from the late 1990s/early 2000s, so almost certainly derives from ideas passed around at the time from one wag to the next. Another phrase I found in this context is "learning by doing and failing". Oh, you'll totally love (not!) this paper, "Failing Better: What We Learn" at https://www.researchgate.net/profile/Adam-Thierer/publication/308710137_Failing_Better_What_We_Learn_by_Confronting_Risk_and_Uncertainty/links/5a134b96aca27217b5a2f235/Failing-Better-What-We-Learn-by-Confronting-Risk-and-Uncertainty.pdf https://www.researchgate.net/profile/Adam-Thierer/publicatio... Seems the US is so great at internet companies because the Data Protection Directive, "instituted highly restrictive policies governing online data collection and use" prevented innovation in Europe. Quoting it: "Often overlooked in the success of American start-ups is the even greater number of failures. “Fail fast, fail often” is a Silicon Valley mantra, and the freedom to innovate is inextricably linked to the freedom to fail. In Europe, failure carries a much greater stigma than it does in the United States." citing “A Fearless Culture Fuels U.S. Tech Giants,” New York Times, June 19, 2015, http://www.nytimes http://www.nytimes. com/2015/06/19/business/the-american-way-of-tech-and-europes.html Yeah, don't go reading that rah-rah-America-is-so-much-better NYT piece. Apparently "Even the vaunted European child-rearing, she believes, is too prescriptive" and "European children may be better behaved, but American children may end up being more free to explore new things."

Shadonototra 4y ago
> If I read between the lines of your response, it seems tech founders should absolutely move to the US to get a bit of that infinite money, as they can pivot and re-pivot while improving VC tax benefits. If they like toilet paper money and want to speed up their extinction, that's exactly the play, you are right! "Fail fast, fail often" is the quote they use to make sure they renew their VC funding as often and as fast as possible, and make you burn your money for their own profit, it's a trap, what happens to the people who fail, nobody gives a shit, the entrepreneur is a resource we have to burn > Seems the US is so great at internet companies because the Data Protection Directive, "instituted highly restrictive policies governing online data collection and use" prevented innovation in Europe. Hell no, the EU had everything, but the US wanted everything for them instead, so they killed everything that's coming from EU (and asia btw, and they don't even have any of the data protection laws btw) and they push theirs How come they get customers then, easy when you can lobby and https://www.theregister.com/2022/03/25/microsoft_accused_of_corrupt_business/ https://www.theregister.com/2022/03/25/microsoft_accused_of_... You joke about EU's bureaucracy, but nobody points US's bureaucracy and their army of lawyers and toilet paper printers
- eesmith 4y ago
  Yes, the authors of this LinkedIn piece appear to like toilet paper money. > "You joke about EU's bureaucracy" No, I point out connections to previous pronouncements on this topic. My goal was to highlight 1) the link title is editorializing, 2) that if true it's been true for decades and thus the LinkedIn piece shouldn't change one's existing world-view. As for me personally, well, I'll be more explicit. My previous comment ended " ... but American children may end up being more free to explore new things." I originally avoided adding "like being shot at while the police do nothing". I could add more. These appear to be the sorts of just-so stories that make rich Americans happy. Which is what you want to promote to get money from rich Americans.