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You've just mentioned my reservation about London: because cost of living - a startup's main costs in the beginning - is so much higher than the rest of Europe,
by getp 19y ago
You've just mentioned my reservation about London: because cost of living - a startup's main costs in the beginning - is so much higher than the rest of Europe, your increased burn rate would have to be justified by increased opportunities. Or are all startup hubs expensive to live in?
- danw 19y agoYou can always live/work outside London and hop in for the events+networking. Brighton is particularly popular, though I am partial to Bristol myself.
- fauigerzigerk 19y agoCheap startup hubs probably don't exist. They are hubs because everybody moves there, which inevitably makes housing expensive. The trouble with London is that if your funding is in USD or EUR the exchange rate exacerbates the problem. There are upsides too, however. Many european countries require entrepreneurs to make very high social security contributions regardless of earnings. In some cases as high as EUR 350 for earnings of 0, so that counts towards the burn rate as well. In the UK the basic rate of NI contributions for the self-employed is GBP 2 (USD 4) a week, which covers health insurance excluding dental. (currency symbols don't appear to work here...)
- pg 19y agoNo. London shares with NYC the problem of being a big city and thus expensive to live in. Some of the other places are quite cheap. SV is. SF is expensive, but SV is a huge expanse of cheap, month-to-month apts.