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3. The opportunity costs of failing are higher in Europe. Thanks to welfare and lots of vacation, the founders of a startup have to sacrifice much more leisure
by Hermel 13y ago
3. The opportunity costs of failing are higher in Europe. Thanks to welfare and lots of vacation, the founders of a startup have to sacrifice much more leisure time vs. the alternative (working at an existing corporation). For the same reason, it is also harder to find risk-seeking employees. They prefer doing financially ok with lots of leisure time over having the chance of getting rich without leisure. In the US, they don't have much holiday in either scenario.
- hga 13y agoWhat about the frequently (and generally??) much higher difficultly in letting people go, which I'm told results in it being much more difficult to get hired in the first place? To the extent that's true, that would make it much more difficult to find good, "risk-seeking" or at least risk tolerant employees.