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by thow-01187 1838 days ago
> 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...

2 comments

It has problems. If you have an idea that will take you a year to develop with 10 people, you need one million up front (simplifying a lot). But if the investors only give you 250k, they you need to spend time working on getting that missing 750k which will dilute your focus from the product you actually want to build. But the initial investor will still want that product.

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.

If they stingy French investors have invested then into Docker, which now you say is posed for "a buyout at ridiculous valuation"? Yes sounds like they missed out big.