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by Kequc
3874 days ago
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The title of this article is an understatement. I'm a startup founder in Europe and we've been treading water for a year. How is a company supposed to get off the ground if nobody has a hand that is able to be reached out to any of us. The government made it easier for startups to get loans from the bank. But they did it the same disastrous way as the housing market crash started. You can get a loan, the government takes a lot of the risk away from the bank. But you still have to pay it all back. All that means is that people are getting loans who shouldn't. There isn't even a path through immigration. You're much more likely to be able to stay in Europe if you get a job. Otherwise they just won't let you in. There aren't any investors here. When we look for investors, we have paid for tickets into large conferences and met leaders, owners, of Venture Capital organisations. There is a point where commonly they tell you after jumping through their hoops they do not have money. They say, we can give you 20k€ for x amount of equity where x is a two digit number. Everywhere you turn there are vultures, preying on startups. I get grilled by people promising to hook me up with investors all the time. People wearing business suits and trolling tech meetups only 5k€ for their help! They know people. Paid upfront. Taxes are higher if you own your own company than if you simply have a job somewhere. Every single thing works against you. If a year ago we were able to hit the market we had 0 competitors, now we have 2. |
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Nooooo! Really? You've got to be kidding me!
So basically you don't want to create a profitable company, but living the cool "startup life" while getting a basic income from the state?
That's... not how we usually see startups.