468 Capital raises $400M to back European startups
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Re: 468 Capital raises $400M to back European startups
#2The European VC scene has actually been doing pretty well over the last two years and grown fast.[1] Seems slightly under-discussed. What surprised me is how much money even Thiel seems to be pouring into Europe who I never associated with being bullish on the continent.
[1]https://techcrunch.com/2022/01/25/venture-capitalists-fell-i...
Re: 468 Capital raises $400M to back European startups
#3I just read that as 486 capital, I'm getting old.
Re: 468 Capital raises $400M to back European startups
#4Great news - I am biased because I moved to Europe from Northern California and might be looking for post-hoc justification for giving up millions of USD over the course of my career but I really think that Europe has a lot to offer.
With public healthcare, good social services, reduced transit cost, etc. a bootstrapper can have a MUCH longer runway here - almost indefinite, if you get your expenses lower than Jobseeker's allowance (our house is paid off which helps). You can hire engineers for a third the cost of the US, too.
Re: 468 Capital raises $400M to back European startups
#5Great news - I am biased because I moved to Europe from Northern California and might be looking for post-hoc justification for giving up millions of USD over the course of my career but I really think that Europe has a lot to offer. With public healthcare, good social services, reduced transit cost, etc. a bootstrapper can have a MUCH longer runway here - almost indefinite, if you get your expenses lower than Jobsee…
> Jobseeker's allowance
What do you mean by this term?
Re: 468 Capital raises $400M to back European startups
#6Great news - I am biased because I moved to Europe from Northern California and might be looking for post-hoc justification for giving up millions of USD over the course of my career but I really think that Europe has a lot to offer. With public healthcare, good social services, reduced transit cost, etc. a bootstrapper can have a MUCH longer runway here - almost indefinite, if you get your expenses lower than Jobsee…
> Jobseeker's allowance What do you mean by this term?
Unemployment benefits that hinges on you proving that you are actively seeking employment.
Re: 468 Capital raises $400M to back European startups
#7Great news - I am biased because I moved to Europe from Northern California and might be looking for post-hoc justification for giving up millions of USD over the course of my career but I really think that Europe has a lot to offer. With public healthcare, good social services, reduced transit cost, etc. a bootstrapper can have a MUCH longer runway here - almost indefinite, if you get your expenses lower than Jobsee…
with a lot of people in tech eyeing to move the opposite direction what made you come to Europe?
Re: 468 Capital raises $400M to back European startups
#8Great news - I am biased because I moved to Europe from Northern California and might be looking for post-hoc justification for giving up millions of USD over the course of my career but I really think that Europe has a lot to offer. With public healthcare, good social services, reduced transit cost, etc. a bootstrapper can have a MUCH longer runway here - almost indefinite, if you get your expenses lower than Jobsee…
>I moved to Europe from Northern California
Europe is not a single country but a collection of vastly different countries with different opportunities and issues. May I ask which country that is?
>almost indefinite, if you get your expenses lower than Jobseeker's allowance
That's not universally true. In some EU countries jobseeker's allowance, as the name suggests, is paid to you as long as you prove you're looking for employment, not to boot-strap your side hustle as you please, unfortunately. And to get unemployment you first need to have at least 2 years of employment, at least in Austria. You can't just show up and start cashing unemployment checks.
>our house is paid off which helps
I bet that helps. Ballooning housing costs is a major issue in Europe's biggest metro areas and most young people don't have this luxury and end up spending a significant portion of their take home pay on it, so I feel you're situation is far more priviledged than the average European.
Re: 468 Capital raises $400M to back European startups
#9The problem Europe has isn't that they lack money, the problem is that all the things US tech companies do to get ahead are illegal in Europe. Out of FAANG, European regulators are decidedly against the F/G and probably have reservations about at least one of the As. I wouldn't feel off guard if it turns out Netflix were impractical in the EU due to challenges both regulatory and linguistic.
Re: 468 Capital raises $400M to back European startups
#10The European VC scene has actually been doing pretty well over the last two years and grown fast.[1] Seems slightly under-discussed. What surprised me is how much money even Thiel seems to be pouring into Europe who I never associated with being bullish on the continent. [1] https://techcrunch.com/2022/01/25/venture-capitalists-fell-i...
Techcrunch is such an annoying site, I can never open their links because I get redirected through a tracking site and that gets blocked.