this post was submitted on 16 Jul 2023
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The environment for startups is harsh all over. The reason 99% of startups die isn't because of environment: it's because pies in the sky are VERY often unattainable.
You'll be happy to know that Universal Basic Income will allow more startups to flourish, but I really don't expect we'll get there under a Red government, let alone a Blue populist hellscape.
A healthy startup environment in a country is basically an indiscriminate venture capital firm... As long as your average startup founder has a bust-out rate (99%) lower than the return on a success (>100x), you're winning.
Thing is, there are no industries where this is viable relative to the US.