Hacker News Reader

>Not necessarily. I started my businesses in a shed in my parent's garden and got in to £20k of credit card debt.

>That's not really privilege, I put everything I (didn't have) on the line!

Incredibly lacking in awareness... btw 20k GPB is more then 24 average salaries in my EU country.

And 20k GBP will buy a lot more in your EU country than in the UK.

You know that your startup doesn’t need to target the US/UK/English speaking world right? You can launch a service or product in your EU country and, similar to the cost of living difference, your capital requirements will be much smaller.

> And 20k GBP will buy a lot more in your EU country

Not in terms of computing, bandwidth, or google ads, etc.

I suppose that, over simplified, a startup in the US or UK can choose whatever to target in the whole world, whilst a startup in a poorer country might afford to target only poorer countries? (as its first step)

Reply on news.ycombinator.com