Press Space to continue
Governments aren't competing to attract startup founders
Press Space to continue
It's still a head-scratcher to me that governments aren't obsessively competing over having startups be founded within their country. (To fill the gap, with @atlas and @clerkyinc, @stripe makes it nearly effortless to get started in the US for founders worldwide.)
Patrick Collison@patrickcAug 29
Met a German founder this week and asked him if all the stories one reads about the challenges of startups in Germany are exaggerated. "No, they're understated." Proceeded to describe spending a full day having a 90-page investment contract read to him (mandatory under German law; § 13 BeurkG) by a notary that then charged €30,000. That was for his first company. His second company, needless to say, was not incorporated in Germany.