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Starting and self-funding a software business in Eastern Europe at the age of 23

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Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#2
> The economy is not developed, making it extremely difficult to convince anybody to buy anything you try to sell them. People are pessimistic and desperate, most of the rich make money through corruption and criminal activities. There is little support or financing for running a legitimate business. Talent is scarce. There is nothing to compete over and nobody to compete with on a local level.

Away with the violins already. Bulgaria may not be entrepreneur friendly or corruption free, but it is not a misery cesspool (source: my friends there).

> Unlike the people I met in the Silicon Valley, only a handful of our tech-oriented students had participated in hackatons, contributed to open-source software, had started a personal blog or answered questions in online help communities such as StackOverflow.

This is classical Silicon Valley fetichising. Some wannabe entrepreneurs have it too, here in Belgium. But if you want that mindset, you better look at the rest of the ideology that comes with it. Personally I want no part in it.

Nevertheless, the rest of the post shows that it is in fact easier to start a business in Bulgaria. The relative immaturity of the tech scene means it's actually much easier to make a splash and find opportunities. Better be self-taught in the land of opportunity then well-schooled in a saturated market.

And at the end of the day, that's also what entrepreneurship is: doing your own thing, with no one holding your hand.

Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#5
post #2

> The economy is not developed, making it extremely difficult to convince anybody to buy anything you try to sell them. People are pessimistic and desperate, most of the rich make money through corruption and criminal activities. There is little support or financing for running a legitimate business. Talent is scarce. There is nothing to compete over and nobody to compete with on a local level. Away with the violins…

> Bulgaria may not be entrepreneur friendly or corruption free, but it is not a misery cesspool

I absolutely agree with your opinion. There are companies like Telerik (acquired by Progress Software) and Chaos Group which have earned our country a formidable reputation on the global tech scene and it's relatively easy to get recognized. The overall ennvironment is good too - the country has grown a lot since it became member of the EU. Despite all this, it doesn't have the extremely competitive atmosphere, the "evolve or die" mindset of the more developed markets. There is nobody who's going to push you out or take you over. Personally I think such type of atmosphere would have let us grow much faster and innovate quicker.

> Nevertheless, the rest of the post shows that it is in fact easier to start a business in Bulgaria.

I'm not implying the opposite. It's easy to start a run-of-the mill software development outsourcing business and sustain it, but with such "immature tech scene", it's very difficult to evolve it in something bigger, and that's a big problem.

p.s I'm the author of this article

Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#6
> only a handful of our tech-oriented students had participated in hackatons, contributed to open-source software, had started a personal blog or answered questions in online help communities such as StackOverflow

It's Eastern Europe, so those even marginally competent who haven't left are employed for peanuts in outsourcing centers, working on brain-numbing projects 9-5 or even 8-6. Ain't nobody got time for that.

Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#7

Fortune cookie: a niche IT job in Eastern Europe will, with high probability, grant you the best life standards available worldwide.

A great number of my Romanian programmer friends have already started to realize this and have stopped emigrating to other European countries.

Yeah, moving to a place like London would most probably get you 2 or maximum 3 times the salary you are now getting, but you'd also have to pay rent which is 8 to 10 times higher in London, going out is outrageously expensive (7 pounds for buying a beer in a pub after a day's work is pure robbery), the general geographic area is quite nice around these parts (we have mountains, seaside, nice rivers for fishing), all in all they're doing quite ok. They won't ever be able to buy a $100,000+ car, a small boat or a small air-plane, like I see many of the SV engineers doing, but that's not that huge of a sacrifice to make. What's letting me down, personally, and what would convince me to finally take the plunge and emigrate to a Western European country is the health and the education system, which right now is in shambles in Romania (and I guess in Bulgaria, too).

Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#8

> only a handful of our tech-oriented students had participated in hackatons, contributed to open-source software, had started a personal blog or answered questions in online help communities such as StackOverflow It's Eastern Europe, so those even marginally competent who haven't left are employed for peanuts in outsourcing centers, working on brain-numbing projects 9-5 or even 8-6. Ain't nobody got time for that.

It depends, there are quite a number of exceptions. Yeah, if you're going to get yourself into a farm-like outsourcing company as a fresh CS graduate then you'll have a pretty numb programming life in front of you. But there are also lots of start-ups/small companies which do really interesting stuff (some of them have been acquired by Western companies for quite a lot of money or have grown into "middle" companies).

I for example have started doing Django-based projects back in 2006, me and my other programmer co-worker were at the time I think the only Django programmers in our Eastern European country. We had also done some quite cool map mash-ups. But pretty soon after that people around us also started doing Ruby stuff, Plone/Zope (maybe not so cool, but interesting nonetheless), we had a local site that had done street photos the same as GStreetView 2 or 3 years before Google started covering our streets, some Information Retrieval/AI projects, it was not all a technological desert. And in recent years things have started becoming even more dynamic, but I have to admit I stopped paying that much attention to the local IT scene.

But, yeah, Eastern Europe (and Europe in general, with the possible exceptions of London, Berlin and maybe Dublin) will never get even close to the "feeling" one gets as a programmer in SV. In my mid- to late 20s I was pretty well aware of that I and was kind of let down, I was feeling that I was losing out by me not being in SV, but now, that I've grown a little older, I feel like I didn't lose that much by staying here.

Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#9
>> The economy is not developed, making it extremely difficult to convince anybody to buy anything you try to sell them

You easely get the same thing on the opposite end. In countries where people are used to buy a lot of stuff, people are constantly bombarded with advertisements and drivel.

In a poor country, it is hard to convince anybody that stuff you sell is good. In a rich country, it is hard to make people buy your stuff, even when they know it is good enought.

Re: Starting and self-funding a software business in Eastern Europe at the age of 23

#10
Bulgaria has low income tax, but a monsterous social security, EI and pension payments as is with most formerly red countries.

This gives self employed people, or people leaving their profits on a company account an ennormous, unfair advantage

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