[Rinzler89]

>Sorry you don‘t get a free ride for being rich.

That's the problem with European way of thinking. Entrepreneurs and start-up founders taking on huge workloads and risk to start a business and create jobs, are automatically demonized as "rich freeloaders exploiting the system", to support this ideologically driven class warfare in hopes of getting more votes, where the ruling elite take 9 pieces of the economical pie, give half of the remaining piece to the middle class, the other half to the lower class and tell them "hey look, those business freeloaders are the reason you only half a piece".

If you want to create new jobs in new emergent industries, which is always gonna be a high risk high reward situation with plenty of failures, you'll have to support the ones taking the risks somehow instead of demonizing them as freeloaders. That's how the EU economy is now only half that of the US, when 20 years ago they were on par.

So then in Europe we end up in the situation where most of the new ventures are coming from entrenched industry players and hereditary wealth with connections to politics who actually exploit the system, instead of ambitious working class people taking a chance at building something like in the US. Basically neo-feudalism.

[gyre007]

Yep, this is the right take. Somehow entrepreneurs are perceived in the EU as tich freeloaders and not as job and innovation creators who tend to take a lot of risk and go through tremendous pressure while running their companies. I feel the influx of VC money skewed the vision of what it entails to start a company: it is true that the investment slightly "de-risks" founders (emphasis on double quotes!) but that's often an illusion - I don't think people who never ran a company understand the pressure of a founder's responsibility towards their employees, investors, etc... most of the generally very risk-averse Europeans will never grasp this