Earlier quoted context omitted.
A lot of folks here are calling out the lower pay for SWEs in Europe and Canada as a failure - but also praise the low wealth inequality and low income inequality in Europe and Canada. You can't have low inequality by definition if you decide to start paying one group a ton of money. Well, this is a lot like the housing conversation in the US. "I want my house to go up in value, and be a great investment!" Also: "Why…
> but also praise the low wealth inequality and low income inequality in Europe and Canada. Now what happens if you include expats in the calculation? > 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.
Pretty sure expats are included in Gini calculations.
> And yet you see a lot of Europeans and Canadians founders going to the valley for funding. Yet the opposite almost never happens.
Why wouldn't you raise money from where the money is? Inequality means there's a small handful of people with giant piles of money. That's a good bet to go knocking at if you want some.
Generally if you want to build a successful business you should raise on the best terms possible, and European investors are not known for offering particularly compelling terms.
I should also say, just because you raise money in the bay doesn't mean you have to run your business in the bay. Should you choose to do so remotely, you'll like take a bit of a discount, but it's worth mentioning this year's YC class was entirely remote.
I'm not sure this argument is connected.