![]() It hurts me to watch systems full of broken incentives emerge and have money thrown into them repeatedly - there's "tech startups" (which would be laughed out of the valley due to their head-count and lack of any product market fit) receiving large ongoing subsidies to their payrolls while they slowly pretend to iterate on a product, all because they have "created" an agreed number of jobs, and need to keep those chairs full.Įurope on the whole doesn't have a culture of taking the same level of risks with capital, and there's a real push to fund things that are "safe" and help cover up weaknesses in the market - funding a company to hire people into basic tech roles at below-market pay helps to reduce graduate unemployment, which covers up the fact their education isn't giving them the right skills. This is another real issue I've seen in some places, especially regions that are trying to "do" tech, but where it doesn't come naturally.
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