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This doesn't strike me as something inherently part of entrepreneurship in a world-wide context, but rather something particular to anglo saxon countries, and e
by Lutger 4y ago
This doesn't strike me as something inherently part of entrepreneurship in a world-wide context, but rather something particular to anglo saxon countries, and especially Americans which are big on neoliberal ideology. Americans are also the most anti-government of any people I know.
The Netherlands is split in this I think, but the entrepreneurs I know are nothing like this. They appreciate the safety net and often happily pax taxes, its more that they hate the labour involved. And everybody I speak to has acutely aware of the possibility of failure. Maybe its my circle though, there are also more radical libertarians in my country, but they are a rarity.
- czbond 4y agoMy view, from the U.S., is that most founders want to make it on their own and keep the returns close to the vest (aka "low taxes). The risks are too high to found a company for little payoff.... and most founders that exit already pay a significant tax on exits (even when they are structured to reduce tax). Entrepreneurship is too hard of a game to put up with the mental and work grinding for a decade for small returns. Everyone focuses on the "money" a founder may make (with heavy survivorship bias) - but don't focus on the high probability of losing years, or a decade, of lost revenue and social life if a company fails. HN is filled with want-trapreneurs who are mis-guided about the game they're entering.