If we look solely at US vs EU or US vs UK, we might think that US have a huge amount of money and the salaries are greater. But this doesn't solely explain why US has a healthy startup scene while EU or UK doesn't.
China was a poor country - and maybe still is if we factor GDP/capita - but they've built a thriving startup scene.
So maybe it's about the money, but not about the amount of money. Instead it's about how societies and governments manage to focus whatever amount of money into startups. It's about building a virtuous cycle, where startups produce wealth which is channeled into building further startups.
China was a poor country - and maybe still is if we factor GDP/capita - but they've built a thriving startup scene.
So maybe it's about the money, but not about the amount of money. Instead it's about how societies and governments manage to focus whatever amount of money into startups. It's about building a virtuous cycle, where startups produce wealth which is channeled into building further startups.