121–126 of 126 posts
Earlier quoted context omitted.
Because vacation packages in the US are 10-20 days and more like 42 days in France ?
And yet me an American is on track for 40 days of paid vacation time this year, also a coworker of mine just got back from 13 weeks paid paternity leave.
France has plenty of early stage startups, in fact the increase in size and quality in their ecosystem in just a few years has been very impressive. What’s missing in France right now is an ecosystem of fast-growing mid-stage startups - series B and above. I think that’s caused by a combination of: 1) mindset (thinking globally from say one is easier said than done when nobody around you has done it before) 2) lack o…
What everyone is missing is. In Europe, why would an entrepreneur work hard? There is strong safety net provided by the Welfare state, it's simply not worth the risk. No risk of going homeless if you fail. It's easier to give up. Remove safety net, remove free healthcare, increase wages, remove payroll taxes, remove immigration restriction, add property rights so that foreigners can buy land and see the startups blos…
Earlier quoted context omitted.
That's an interesting picture. I took those numbers and compared them to Wikipedia's purchasing-power adjusted average wage figures for 2017 at https://en.wikipedia.org/wiki/List_of_countries_by_average_w... . Here are the results sorted by ratio of average developer salary to average salary in each country. You get the best bang for your buck in .il and .fr doesn't (quite) get the wooden spoon. Country Ratio dev:avg…
What does this table say? I'm not convinced you can just divide real salaries by PP adjusted numbers and get a meaningful result of the kind you are claiming. Isn't this table just sorted by the PP adjustment factor, i.e. an inverse ranking of the highest PP?
No, it isn't, but I do think you're right in that I should have used the nominal wages. I found the original article and that does not appear to be purchasing-power adjusted:
https://www.daxx.com/article/it-salaries-software-developer-...
Using the nominal wages gives the below, with France now in the middle of the list:
Country Ratio dev:avg
Australia 0.81
Netherlands 0.85
Canada 0.90
New Zealand 0.92
Finland 0.92
France 0.92
Switzerland 0.93
Norway 1.02
Denmark 1.05
Germany 1.12
UK 1.15
Sweden 1.15
USA 1.49
Israel 1.53
Apart from higher salaries in California Paris is way better for the quality of living. They have public transportation, good food and so far one of the emerging "mega/gigacities" of the future. They even have a "Grand Paris" [1] project which aims to integrate suburbs and surrounding cities in one huge melted conurbation. So opening a business here may be a good strategy in the long term. [1] http://www.grand-paris.…
With my family, we are feeling that we're very much better off in a suburb (like Mountain View) with quick access to hike trail and some nature. On top of this, I also have 10min commute by bike. My friends in Paris commonly have 2h commute daily.
Earlier quoted context omitted.
As a Nordic entrepreneur. None of the reasons sounds right reasons to me. https://econ.arizona.edu/sites/econ/files/econ-wp-10-07.pdf The real problem for startups is the lack of American style VC funding. European startups need to get profitable much earlier than US startups. Early funding for startups is OKish. You can grow from 0 to 10-50 million, but after that it's better to sell the business to some big interna…
>The real problem for startups is the lack of American style VC funding. European startups need to get profitable much earlier than US startups. This is a common refrain, but the reality is that VC is both out of reach and not the right fit for the vast majority of US ventures. Likewise, knowing the number of firms that get VC but will collapse anyway, I often wonder if it is a benefit that in other countries there i…
It absolutely should not be. It makes no sense to provide high-risk big dollars to majority of anything.
The name "startup" means different things for different people.
Paul Graham definition for startup means salable hyper-growth. Platform economies like Google, Amazon, FB, Twitter, grow trough network effects. The reason why US leads in this new economy is because they have their eye in winning big.
One big hit justifies losing lots of money in 100 mediocre startups or low growth enterprises.