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by meriksson
4883 days ago
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Running a software company in Stockholm, Sweden is a blast. It is a great place to live, plenty of good people to recruit, a decent domestic market, e.g. many big companies willing to try out services from startups. There is a vast number of small tech companies here, most of them completely unknown. Every week I learn about some cool new company doing their thing just around the block from us, without ever having heard of the people involved. There are some major caveats: Income taxes are extremely high and tax rules makes it almost impossible to share ownership in a rational way, e.g. it is very hard to setup stock option programs etc. Also, the domestic venture capital market is extremely underdeveloped - a great opportunity for foreign investors! I am a firm opponent of all government programs to stimulate entrepreneurship. My view is that the government should simply get out of the way. And in fact, except for the taxes, this is by and large what the Swedish government is doing. For example, there is very little bureaucracy around running a business, e.g. starting an incorporated company is now done easily over the internet, often the whole process can be completed in a matter of days. |
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