«Oh, there are plenty of entrepreneurs, mind you. But many of them are “serial” entrepreneurs, whereby “serial” I actually mean lazy, ineffectual bums living off subsidies for years on end while they latch on to one incubator after another and leech them for all their worth.»
That was a good one, a perfect description of the standard Spanish entrepreneur :)
You have to innovate and innovation is something decided by a committee of bureaucrats who have never worked in the private sector in their life!
No real VCs, there are a few in Spain but they invested in risky things like construction, subsided agriculture and in companies with government contracts.
It's so easy to flight to London and meet real investors instead of doing all the ass-kissing of government agents and banks to get subsides... yet no one did it. Hubris was the cause.
That was a good one, a perfect description of the standard Spanish entrepreneur :)
You have to innovate and innovation is something decided by a committee of bureaucrats who have never worked in the private sector in their life!
No real VCs, there are a few in Spain but they invested in risky things like construction, subsided agriculture and in companies with government contracts.
It's so easy to flight to London and meet real investors instead of doing all the ass-kissing of government agents and banks to get subsides... yet no one did it. Hubris was the cause.