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My experience in Europe is that investors look for teams of three: a CEO, a CTO, and one more person whose full-time job for the first two years will be filling out funding applications. That's a 50% overhead from day one.

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Is that really different from the US, where instead of (or in addition to) doing funding applications it's schmoozing with potential investors? Hacker News over the years has had tons of posts about getting investors interested, or "growth hacking" to make the numbers look better for said investors, and of course then there's going public which is the ultimate "looking for investors".

But I suppose the main difference is private sector vs government.

One difference is that the investors expect their money to be matched by some grant, so you have to do the work twice. The grants take into consideration investments, so it's basically part of the system.

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