It's been said the typical founder of a successful startup is on their 7th attempt. It would seem the secret to success then is to be the founder of 6 duds!
So then, why does the EU lag behind the US so much at successful startups even with our safety nets?
Or is it mostly due to the US VC funding system that pumps crazy amount of $$$ in tech companies plus having a giant homogenous market with a high purchasing power, all speaking the same language, that's lacking in the EU and in the end has nothing to do with social systems?
>unlike EU where you can fuck around without a job for years.
That's definitely not true. While there are a few people who have made a lifestyle from playing the system in order to live off unemployment their whole lives, that's a minority and not something you can easily voluntarily do.
For the most part, you can't just voluntarily choose not to work for years and still receive unemployment. They'll just cut off your welfare if you do that.
You're right about the lack of a social safety net, but US entrepreneurs are succeeding despite that. Whether it is talent, funding, taxes or mindset something appears to be working.
Isn't that precisely why the "monetize everything"/"hustle pr0n" mentality has reached critical mass, though? The millennial generation has achieved existential dread as they have realized that they are not as financially well-off as their parents were at the same age, and they are desperate to find. Away to achieve some semblance of financial stability so that they can start their personal life journeys?