> So, in essense, European don't believe in the gold-rush kind of startup culture. Seeing that only 1 in 100 or less companies ever make it, that's quite smart of them (well, us).
Depends on your definition of smart. I think we (again, on average and stereotyped) prefer the comfort of a stable and secure job, rather than taking a shot at a one in a hundred startup.
That's "smart" for the individual, but if no-one takes the shot, the hundred startups needed to get to the one that gets big doesn't get started.
The essence is that the modern western European culture isn't very conductive to risk-taking. This is great for stability and comfort, but it doesn't get us much progress and we will suffer in the long term for it.
Depends on your definition of smart. I think we (again, on average and stereotyped) prefer the comfort of a stable and secure job, rather than taking a shot at a one in a hundred startup.
That's "smart" for the individual, but if no-one takes the shot, the hundred startups needed to get to the one that gets big doesn't get started.
The essence is that the modern western European culture isn't very conductive to risk-taking. This is great for stability and comfort, but it doesn't get us much progress and we will suffer in the long term for it.