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by thow-01187
1838 days ago
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> French investors for example are really stingy and you won’t get somebody to just throw a few millions at you to see if you succeed Isn't that...normal? Where did the attitude come from - that startups are somehow entitled to funding worth of several lifetime median incomes, for their half-baked business ideas that are unlikely to ever turn profit? That if the country doesn't shower the founders with angel investor money just for showing up, they are somehow unreasonably risk-averse and stingy. As an example - Docker, arguably the most influential software of the past decade, was developed in France. HN has derided French investors for not investing in it, leading to the company relocation to US. Afaik, Docker is still burning money, with no end in sight, and will continue to do so indefinitely unless a buyout at ridiculous valuation happens. Looks like...the stingy French investors were right after all... |
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I definitely think that there is some middle ground to find between not being able to rise money for any project, and being able to get 100M funding for a juicer.