Comment by anonzzzies
1 day ago
No non competes are there in some countries (not sure how many but at least where I had companies, they are not worth the paper they are written on as they don't hold up). And bankruptcy, again where I have had companies, is not really a big issue if you didn't do illegal stuff. You mostly have to show your accounting is proper and you didn't do anything bad. Really not that complex. People do still put a stigma on it; I had 20 companies, 3 bankruptcies, 10000+ jobs made, 100m+ in taxes paid and still people whine about the bankruptcies; but it is not hard to execute. What makes the US easier outside less stigma?
Having tried myself in the EU; access to capital. People as far as I can remember there's something between 5-50x as much capital going around in America. For industries outside of strict software, you NEED capital to get going. Can't bootstrap medical trials.
Yeah that's true. We never needed much capital (we are software/hardware) but if we would have then it is a lot harder. That said; I raised Euro 10m in a bar in spain without even any paperwork. But if you need a billion, I would say that's just much easier in the US.