My $0->$100M->$0 in 5 years story

Re:My $0->$100M->$0 in 5 years story by PaulDavisThe1st on Saturday August 12, 2023 @04:29PM (#37103960)

Insane amount of money: Of the 10 countries with the highest median income, 7 of them are European. By some measures, the USA is-midpack, with Norway/Canada very similar to us, both most of the entrepeneurial/VC culture of the USA.

World hegemony: mostly a function of the post-WWII situation, combined with our willingness to spend absolutely insane amounts on our military and use it to impose or at minimum encourage US interests globally.

Very high standard of living: the US has one of the highest GINI coefficients world wide, so only a median comparison (which is quite hard to develop) really conveys the differences accurately. Large swaths of the USA (notably Appalachia and also the desert southwest) have a substantially lower median standard of living than most of Europe.

Anyway, even if your claims about the USA were true, that by itself doesn't connect them to the VC risk/reward culture under discussion.

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Re:My $0->$100M->$0 in 5 years story by mufti_menk on Saturday August 12, 2023 @08:21PM (#37105398)

>Of the 10 countries with the highest median income, 7 of them are European.

These countries are Luxembourg, Norway, Switzerland, Austria, Iceland, Netherlands and Belgium. The highest population in the list is Belgium with 12 mill, NYC alone has 8 mill. Europe gets mogged once again, AMERICA FIRST.

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Re:My $0->$100M->$0 in 5 years story by hyperman1 on Sunday August 13, 2023 @12:42PM (#37111558)

At least the Netherlands has higher population than Belgium, about 17 or 18 mio.

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