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by epolanski 1538 days ago
You kind of missed some of my crucial points: starting a business on low budget in Italy is possible. People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley where you're much more dependent on (important) private capital.

In Italy, that's not really the case, between lower salaries, no interest loans and government funding we have had many great businesses growing out of people that would've had no chance of convincing venture capitalists.

And as I said, yes, it's true, Italy is not the best place to start a business, and yes, it's true that there are places where you can find some if not more of the same benefits with less of the drawbacks, but still you're severely underestimating the many benefits and convenience you can get in Italy where you can start businesses you would've never had the chance too in places where there is no public funding and help for aspiring entrepeneurs.

4 comments

> People with the right ideas and knowledge can start ventures easier [in Italy than Silicon Valley]

Would you be so kind as to provide a metric, so I can demonstrate conclusively that this isn't true?

I'm basing this on intuition, which is in turn based on numerous Italian software developers I've met in California. Do they have the wrong ideas and knowledge?

Of course not, they went where they could run a business without interference.

Curiously, other people are always quick to point out how California is a very difficult place to operate a company in when the focus is on companies "fleeing" to low tax states like Texas.

I'd imagine it is easier to start a tech venture in the valley than Italy, but that's just because there's an established ecosystem for it and you're not blazing new ground. The various particularities of government are relatively insignificant in comparison. That's why you can have similarly vibrant startup scenes under political environments as different as the US, China, and Israel.

You can startup an AI automated car driving startup more easily in italy than you can in SV?

In SV you can get 10M+ in capital pretty easily - close relative with one prior startup did just that recently. It's VERY low overhead, you can hire (and fire) folks pretty simply. The due diligence on that $10M didn't even require audited financials or anything.

I don't know anywhere in italy even close to that.

The buying power of 10m in SV is equivalent to what, 2m in Italy?

There's definitely a lot of sweet VC money to collect with a business office in SV, but I have no idea why a large company investing a lot of its own money would choose to throw 4/5ths of it away.

Totally absurd claim without any basis in fact whatsoever!

Startup spend (should be) dominated by payroll, maybe server costs. This isn't 500% as expensive in California vs Italy, you made this up.

Well, in Italy a software dev would earn 1500€/month (anecdotal based on friends), so if you are talking about a software startup, it's not out of the blue. My salary (I'm italian living in Canada) is at least 5x what I would be making in Italy
> People with the right ideas and knowledge can start ventures easier than they would elsewhere in the world, especially silicon valley

In reality they don't though. So why do you think that is?

That’s ok for a barebones entrepreneur. That’s not great for people who want to hire talented workers who want real comp.
Everything's a trade off.

Also, many of those barebones entrepeneurs end up making money, differently from billion-dollar ventures that have yet to post a profit after a decade but can boast highly paid engineers behind very questionable quality overbloated software.