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This guy hits a lot of nails on their respective heads, and yes granted there is a culture difference between here and the US. I think the biggest difference b
by xedarius 13y ago
This guy hits a lot of nails on their respective heads, and yes granted there is a culture difference between here and the US.
I think the biggest difference between here and the US is there is no stigma attached to having a failed start-up. It's almost the natural run of events in the US. You simply dust yourself off and on with the next idea.
In the UK we seem to attach a stigma to failure and this runs the full spectrum from start-up entrepreneurs to investors. It's a tricky mindset to break.
- liamgooding 13y agoI think this stems back to the fact that those with a failed startup, lost investors hundreds if not millions of pounds. As a culture I think we're FAR more risk averse. So someone standing and saying "Yeah, I lost some a bunch of money that some old guys shouldn't have invested if they weren't prepared to write it off" is a huge stigma over here. In the states, you have way more professional tech investors so the "bad vibe" about losing that money isn't as bad. I think US founders carry it almost as a badge of honour, a symbol of a war fought bravely to the end. Here it;s just like, "Oh, you fucked up last time.... I'm going to stand over here now"