> > makes it much easier to found and grow a business without the threat of death
> And yet you see a lot of Europeans and Canadians founders going to the valley for funding. Yet the opposite almost never happens.
Just because it is easier to found and grow a business doesn't mean the environment is friendly to founding and funding a high-growth business.
In fact, an environment that is friendlier to SMEs, lifestyle, and bootstrapped companies probably reduces the pressure to jump into a VC-funded high-growth swing-for-the-fences model. Combine that with a less generous funding climate, and those who do want to go that route will go somewhere else for their funding.
But I don't think the reverse applies in terms of attracting entrepreneurs that don't wish to go the high-growth route from elsewhere.
I think in our current economical climate it is actually good if there are rich people willing to part with their money, even if it is just a moonshot. What I don't like is that the VC model often just devolves into the same boring strategy of outgrowing the competition. Lots of good companies died because of this and lots of bad companies are still alive.
> And yet you see a lot of Europeans and Canadians founders going to the valley for funding. Yet the opposite almost never happens.
Just because it is easier to found and grow a business doesn't mean the environment is friendly to founding and funding a high-growth business.
In fact, an environment that is friendlier to SMEs, lifestyle, and bootstrapped companies probably reduces the pressure to jump into a VC-funded high-growth swing-for-the-fences model. Combine that with a less generous funding climate, and those who do want to go that route will go somewhere else for their funding.
But I don't think the reverse applies in terms of attracting entrepreneurs that don't wish to go the high-growth route from elsewhere.