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by jobvandervoort
4062 days ago
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Great country to live, awful country to start/host any kind of company. Unfriendly tax climate, lack of startup infrastructure, lots and lots of bureaucracy. Their (national association of road transport) next step is trying to get Uber to pay up for missed income - or as they state it "compensation for damages to the industry" [1]. [1]: http://www.publico.pt/sociedade/noticia/uber-proibida-de-ope... |
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I think the main issue with Portugal, startup wise, is the people. We (as a nation) are very risk adverse and scared. There are many logical reasons for that that I won't get into the details here, but on the technical level, our graduates are quite good and salaries/cost of living are low. A typical YC investment on a Portuguese company would probably give them about one year of runway without any further investment.