alt Hacker NewsI've been lead to believe that, in lieu of startup founding cash in the bank, there's a better social safety net, for use in cases like these. Is that not the case?
I've been lead to believe that, in lieu of startup founding cash in the bank, there's a better social safety net, for use in cases like these. Is that not the case?
There is a pretty good social safety net, at least in Belgium. Though its funding is under pressure due to high spending and taxes being pretty much maxed out already. And while I could probably start a company and be reasonably sure that I won't go homeless if it fails, by virtue of that social safety net. The social safety net doesn't give me the cash to hire my first couple of engineers.
This is a bit of a caricature of course. Banks exist. Startup accelerators exist. There are places and ways to get funding. But doing it with your own savings is virtually unheard of over here.