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> Instead, a lot of extremely smart people in the UK would rather get the 'safe' job at Google, or McKinsey than the 'this will never work but can you imagine h
by maeil 2y ago
> Instead, a lot of extremely smart people in the UK would rather get the 'safe' job at Google, or McKinsey than the 'this will never work but can you imagine how cool it would be if it did' job at a startup.
This isn't just an EU thing, for what it's worth. The US is the outlier.
- deleted 2y ago[deleted]
- itake 2y agoEven internally in the USA, you will see the full spectrum of EU-like VCs to Sand Hill-like VCs.
- maeil 2y agoCorrect, but the tail of VC being fat is unique to the US. Pretty much the rest of the world is like the UK in all but a miniscule percentage preferring stability rather than moonshots.
- itake 2y agoMy point is that the VCs located in a few specific zip codes prefer moonshots. The vast majority of VCs in the remainder of the USA prefer stability. You don't hear about the small capital firms investing in boring slow growing companies, because they are boring and slow growing.
- dukeyukey 2y agoWOrth ponting out the UK is 3rd worldwide in VC tech investment. The US is the outlier, but if you think the UK is bad you haven't seen shit.
- piltdownman 2y agoYeah but if it's not a moonshot SaaS factory they don't want to hear the reality. For example, Ireland's state VC - Enterprise Ireland - ranked first in the world of venture capital investors by deal count in 2020 by Pitchbook. The average size of the deal compared to a Series A was laughable in context, but the ethos is there.
- nobodywillobsrv 2y agoFalse. Even good jobs with American companies and what not are subject to ridiculous tax problems in the UK. You give you employees equity but then they have to raise vast sums of capital just to hold on to it to afford their taxes when there is virtually no real liquidity pre IPO. It's anti success. And there is garbage everywhere, people keep voting for antisocial housing and bad cultures. It's a failing state.
- deleted 2y ago[deleted]
- maeil 2y agoYou didn't read what I quoted and replied to. Please do so before responding with "false".