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I’m also from the UK and I think this is a self-fulfilling prophecy. As a UK founder that has raised in the UK, I have seen our US competitors raise substantia
by kitbrennan 5mo ago
I’m also from the UK and I think this is a self-fulfilling prophecy.
As a UK founder that has raised in the UK, I have seen our US competitors raise substantially more with substantially less traction, so in future I’m significantly more tempted to look across the pond for raising. It has little to do with my culture vs theirs, and all to do with where the opportunity sits.
Many of the other founders I know with the “drive and hunger” as you put it, have already made the same jump.
- zmmmmm 5mo agothere's probably a high correlation between people with the "drive and hunger" to build a startup in the first place with those that would have the "drive and hunger" to relocate overseas to make it successful.
- abletonlive 5mo ago> It has little to do with my culture vs theirs, and all to do with where the opportunity sits. So it does have to do with culture. The US has better culture for starting a business. You can't just divorce the opportunity that came from the culture just to make a point.
- deaux 5mo agoThis seems pretty limited to tech. For example in domains like media and marketing - I mean startups in these fields, not "marketing team of a tech startup" which is tech - the amount of "drive" feels the same whether the US or the EU. So it's purely tech. And there, that extra "drive" that leads to the US and modern VC culture seems to largely be based on a hunger for power and immense wealth, when it comes down to it. I know everyone pretends it doesn't, changing the world for the positive, blah blah. But when push comes to shove, that's the outcomes we're seeing.