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> have shown what can be accomplished That was never the proper question. The proper question is what's the relative difference in the magnitude & probability
by solve 11y ago
> have shown what can be accomplished
That was never the proper question. The proper question is what's the relative difference in the magnitude & probability of success, between the different regions. This matters, because success is so extremely difficult to achieve in startups already.
> outcomes are more binary in the US - that's mostly a Silicon Valley cultural thing.
It's an investor thing, not a cultural thing. If the business doesn't reach an exit, then the investor (nearly always) gets absolutely nothing, no matter how many millions the company is profiting per year. Tech startups generally never pay out dividends. All that money goes back to the employees and other expenses. Nothing to the investors. Never exiting = equivalent to the company imploding as a completely failure, from an investor's financial perspective.
> stay domestic and contribute to building up the tech scene there.
If startups want to build up their ecosystem, the more effective approach is to go to where the money is, get the money, and THEN take that money and success back to their home community. Exactly as the Skype guys did for Estonia, or as many founders have done for Israel. #1 get the money #2 bring it back. 2 optimized steps, not a single step.
This small town concept of just guilt-tripping the poor desperate founders to never leave their home town out of loyalty simply hurts everyone. It's backwards thinking like this that keeps the smaller towns smaller and less successful.