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It's not social democracy, otherwise Sweden and Finland wouldn't punch so much above their weight. It's most likely an artifact of smaller, less liquid capital
by disgruntledphd2 2y ago
It's not social democracy, otherwise Sweden and Finland wouldn't punch so much above their weight.
It's most likely an artifact of smaller, less liquid capital pools and the fact that the US is a really easy large market to tap into, leading to European startups investing into the US market in preference to their own.
- awongh 2y agoIn those cases it could be that a country needs to be small enough that it just makes sense to go into the USA market first than anywhere else. If the country were any bigger the domestic market becomes the defacto, limiting growth....
- disgruntledphd2 2y agoYeah, you see this a bunch in UK startups.