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Ferrari owner Exor wants to build the Italian Y Combinator

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Re: Ferrari owner Exor wants to build the Italian Y Combinator

#81

Post by dr-detroit »

epolanski wrote: post #54
wlecometo wrote: post #23

Well the main issue in italy is not lack of funding or lack of talent but rather the amount of taxation companies had to go through and the uncertainty behind a big and complex legal system which makes an average of 8 years for civil processing . these two things alone and the fact there are better places in europe to make a startup (hint: netherlands, germany, france, czech republic, romania, poland) makes me wonder…

Yes, doing business in Italy is hard, but when your company is doing poorly financially or is having issues it's the government that is going to pay your worker's salaries. Do places with low taxes have this? And the education of your worker's is paid by the government, so you don't get employees that are desperate to pay their student loans. And so is healthcare, so you don't have to pay no insurance (you may, but y…

No post body was provided.

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#82

Post by emme »

lnxg33k1 wrote: post #39
darkwater wrote: post #37

Earlier quoted context omitted.

For SPID I'm also trapped in some loop where I can't get it easily from abroad, and I still don't understand why.

Have you tried Aruba? I have done remotely up to the level 2 with them, and the verification compared to the one from Poste is just via webcam, you just hop on a chat with them, move your head left and right, make a jump, a turn, hold your ID close to your face and the guy just approves the identity, try if you haven't thought of them yet

And you can use it with a standard OTP generator: https://github.com/andry08/ArubaOTP-seed-extractor

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#83

Post by epolanski »

samatman wrote: post #65
epolanski wrote: post #54

Earlier quoted context omitted.

Yes, doing business in Italy is hard, but when your company is doing poorly financially or is having issues it's the government that is going to pay your worker's salaries. Do places with low taxes have this? And the education of your worker's is paid by the government, so you don't get employees that are desperate to pay their student loans. And so is healthcare, so you don't have to pay no insurance (you may, but y…

The sum of these affordances adds up to a market for lemons. A startup can hire Italians anywhere, certainly anywhere in EU, so the benefit of pair-for education doesn't require Italian jurisdiction. Everything else sounds really handy if your company is destined for failure, since there are so many ways to get a bailout or take a "loan" with no interest which, hey, you also don't have to pay it back! That's a grant…

You kind of missed some of my crucial points: starting a business on low budget in Italy is possible. People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley where you're much more dependent on (important) private capital.

In Italy, that's not really the case, between lower salaries, no interest loans and government funding we have had many great businesses growing out of people that would've had no chance of convincing venture capitalists.

And as I said, yes, it's true, Italy is not the best place to start a business, and yes, it's true that there are places where you can find some if not more of the same benefits with less of the drawbacks, but still you're severely underestimating the many benefits and convenience you can get in Italy where you can start businesses you would've never had the chance too in places where there is no public funding and help for aspiring entrepeneurs.

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#84

Post by kungito »

mattrighetti wrote: post #32

> The exodus of tech talent and lack of startup creation in Italy has worried investors From my experience I can tell that most people here don't want to waste time in a startup with its high risk factor, and it's even more worrying if you come from a college environment where you expect that _Let's do this, I don't care_ kind of attitude. The majority of new grads prefer a secure (and most of the time underpaid) pos…

My impression was that in the US you get compensated pretty nicely while in a startup. The whole idea is to get funded so that you can attract talent with crazy salaries. Or did I get something wrong?

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#86

Post by sbacic »

dmitriid wrote: post #36
inductive_magic wrote: post #11

Earlier quoted context omitted.

From someone who hasn't interacted with the startup world much yet: what are some problems companies in Europe would have to deal with? What liberties are exclusive to the US? I'd imagine lots of complications of running a US-based company within Europe. I can't imagine moving to the US, and I'm sure that lots of smart people in the EU are in the same camp. At the same time, I'd be very interested in providing high v…

> what are some problems companies in Europe would have to deal with? What liberties are exclusive to the US? 1. Market US: a rather unified single English-speaking market of 300 million people. EU: 27 different markets in the EU + half a dozen markets in countries freely associated with the EU (e.g. Norway and Switzerland) in different languages, cultures and expectations 2. Money US: unlimited unchecked runaway mon…

> EU: 27 different markets in the EU + half a dozen markets in countries freely associated with the EU (e.g. Norway and Switzerland) in different languages, cultures and expectations

That's understating the issue. There are only 5 (!) EU member states with a population higher than that of the NYC metropolitan area and _none_ with that kind of population concentration or purchasing power.

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#87

Post by oneoff786 »

epolanski wrote: post #83
samatman wrote: post #65

Earlier quoted context omitted.

The sum of these affordances adds up to a market for lemons. A startup can hire Italians anywhere, certainly anywhere in EU, so the benefit of pair-for education doesn't require Italian jurisdiction. Everything else sounds really handy if your company is destined for failure, since there are so many ways to get a bailout or take a "loan" with no interest which, hey, you also don't have to pay it back! That's a grant…

You kind of missed some of my crucial points: starting a business on low budget in Italy is possible. People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley where you're much more dependent on (important) private capital. In Italy, that's not really the case, between lower salaries, no interest loans and government funding we have had many…

That’s ok for a barebones entrepreneur. That’s not great for people who want to hire talented workers who want real comp.

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#88

Post by epolanski »

oneoff786 wrote: post #87
epolanski wrote: post #83

Earlier quoted context omitted.

You kind of missed some of my crucial points: starting a business on low budget in Italy is possible. People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley where you're much more dependent on (important) private capital. In Italy, that's not really the case, between lower salaries, no interest loans and government funding we have had many…

That’s ok for a barebones entrepreneur. That’s not great for people who want to hire talented workers who want real comp.

Everything's a trade off.

Also, many of those barebones entrepeneurs end up making money, differently from billion-dollar ventures that have yet to post a profit after a decade but can boast highly paid engineers behind very questionable quality overbloated software.

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#89

Post by nickpp »

epolanski wrote: post #83
samatman wrote: post #65

Earlier quoted context omitted.

The sum of these affordances adds up to a market for lemons. A startup can hire Italians anywhere, certainly anywhere in EU, so the benefit of pair-for education doesn't require Italian jurisdiction. Everything else sounds really handy if your company is destined for failure, since there are so many ways to get a bailout or take a "loan" with no interest which, hey, you also don't have to pay it back! That's a grant…

You kind of missed some of my crucial points: starting a business on low budget in Italy is possible. People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley where you're much more dependent on (important) private capital. In Italy, that's not really the case, between lower salaries, no interest loans and government funding we have had many…

> People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley

In reality they don't though. So why do you think that is?

Re: Ferrari owner Exor wants to build the Italian Y Combinator

#90

Post by samatman »

epolanski wrote: post #83
samatman wrote: post #65

Earlier quoted context omitted.

The sum of these affordances adds up to a market for lemons. A startup can hire Italians anywhere, certainly anywhere in EU, so the benefit of pair-for education doesn't require Italian jurisdiction. Everything else sounds really handy if your company is destined for failure, since there are so many ways to get a bailout or take a "loan" with no interest which, hey, you also don't have to pay it back! That's a grant…

You kind of missed some of my crucial points: starting a business on low budget in Italy is possible. People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley where you're much more dependent on (important) private capital. In Italy, that's not really the case, between lower salaries, no interest loans and government funding we have had many…

> People with the right ideas and knowledge can start ventures easier [in Italy than Silicon Valley]

Would you be so kind as to provide a metric, so I can demonstrate conclusively that this isn't true?

I'm basing this on intuition, which is in turn based on numerous Italian software developers I've met in California. Do they have the wrong ideas and knowledge?

Of course not, they went where they could run a business without interference.

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