[taway_1212]

> convince people with above average (local) pay and offering them a great place to work

With hardly any VC money around, you don't really have a way to pay for those.

[charlesdm]

Nonsense. You’ll make plenty of money by actually building something people will pay for. You know, a product can actually make money without raising VC?

[taway_1212]

I agree, but then you have to bootstrap with your savings, which means you definitely won't be paying above average wages and renting nice offices etc (which is what I was replying to).

[Luc]

A great many successful entrepreneurs have money (and often a tradition of entrepreneurship) in the family to get them started. No VC needed.

[auganov]

Don't need to raise local. And you probably shouldn't anyways if you're in Europe.