741–750 of 1001 posts
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> That’s not the kind of thing young, unproven founders can pull off, anywhere. The UK, with a comprehensive social safety net, should be more willing to take small risks. I know it's now what happens, but it'd be important to understand why something that should be actually isn't.
What safety net? UK does not have a safety net.
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I definitely agree! But why is this different in the US?
The us generally would do 95% in the safe s&p500 and the other 5% in high risk things. The exact numbers varry of course but that is a good rule of thumb for good future growth.
How come we don’t do it?
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UK ignited the First Industrial Revolution. It's sad to see that UK has slipped to number 16 or lower when it came to the market share of global manufacturing. And the problem is not to just UK, but to pretty much all the developed countries. Many nations and people have benefited greatly from globalization, but I have to ask: is it worth it if the cost is forfeiting my own country's manufacturing know-how and supply…
Even the Americans can't manage economic isolation. It takes a global civilisation to build a smartphone. We might have been able to get closer to it by being in the EU, but now we're on our own on that one.
As a Brit, when I was raising the seed round for my startup, UK and European VCs would consistently try to haggle you down on price while the American VC's were exclusively focussed on trying to figure out whether this could be a billion dollar business or not (in the end we raised a $5m seed led by Spark, and have done extremely well and raised more since). The UK lost Deep Mind - which could have been OpenAI!! -- t…
Quite frankly, it's cultural and the thing I hear a lot is simply: fuck that for a job! I could quite happily get on fine at one of those big American style startups but I don't get excited about hype, I don't have the work culture it demands and I don't have a price on my soul. I'd rather earn a lot less, have extreme stability, have better family time and balance. On top of that there's something tasteless and unet…
Anyone young should go make as much money as possible, as early as possible, so they can have the same outlook you do in later life.
> The reality for most graduates is even grimmer: > • £25,000 starting salaries at traditional engineering firms > • Exodus to consulting or finance just because it's compensated better This is _exactly_ my career so far. The key thing about the British economy is that while most things operate in a free market, construction is centrally planned by councillors who are incentivised to block most development. So the wh…
This is the true cost of the bank bailouts. This is the moral hazard incarnate.
I don’t think it’s just a UK thing, or that it’s much easier to start a hardware startup in the USA. I think it’s more that the bar for getting a hardware startup off the ground is much higher than a software startup - everywhere in the world. Personally I’ve been trying to self-fund and bootstrap a hardware startup (based in Australia but I’m reasonably well connected in Silicon Valley as I’m a YC alum). I’ve had pl…
UK ignited the First Industrial Revolution. It's sad to see that UK has slipped to number 16 or lower when it came to the market share of global manufacturing. And the problem is not to just UK, but to pretty much all the developed countries. Many nations and people have benefited greatly from globalization, but I have to ask: is it worth it if the cost is forfeiting my own country's manufacturing know-how and supply…
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How do poorer countries manage to avoid getting outright bankrupted by social care? Why is it such a black hole money-pit in the UK particularly?
It’s a black hole money-pit everywhere. There is no return on spending money for people who will never be productive again. The only way that kind of wealth transfer works is with a growing proportion of workers, but that has long not been the case in many developed countries. The solution for all these countries (even the US) is to dismantle all wealth transfer to old people. It might be the only way to incentivize…
I don’t think it’s just a UK thing, or that it’s much easier to start a hardware startup in the USA. I think it’s more that the bar for getting a hardware startup off the ground is much higher than a software startup - everywhere in the world. Personally I’ve been trying to self-fund and bootstrap a hardware startup (based in Australia but I’m reasonably well connected in Silicon Valley as I’m a YC alum). I’ve had pl…
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> there are simply no such successful Empires anywhere in the world anymore There is the US not-an-Empire [0] though, that'll probably count when the history books reflect on the present era. WWI/II can very easily be interpreted as a transition of power away from incompetent British leadership (indeed, European monarchies - the change pre- post- WWI is striking) towards more capable US-based leadership. It isn't cle…
It's interesting that incompetence ... Fabians started in 1884 and a lot of insanely destructive ideas seem to defend from those circles. We don't have the great leap forward it's slower but something as bad on a longer timescale
Unfortunately the smear tactics against Farage over the years have been quite successful especially against the older generation that relies more heavily on TV for news. UK might face another election where the right splits their vote and Labour walk in again. Many decades of decline would be compounded at that point, putting the UK into more of a second world position.
I don’t think it’s just a UK thing, or that it’s much easier to start a hardware startup in the USA. I think it’s more that the bar for getting a hardware startup off the ground is much higher than a software startup - everywhere in the world. Personally I’ve been trying to self-fund and bootstrap a hardware startup (based in Australia but I’m reasonably well connected in Silicon Valley as I’m a YC alum). I’ve had pl…
The largest problem I see is shipping times. If I need to download a new software "part" (library or other), the shipping time is the download time, nearly instant. If I need new hardware pieces, its either next day shipping, a few days by air-freight or three weeks on a boat from china. This limits prototype turnover time, and means iterating quick is much harder. Finally you have the problem that hardware is expens…