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Tue Mar 18 00:53:10 UTC 2014  <ninjashogun>   so about half the size by population

Tue Mar 18 00:53:03 UTC 2014  <ninjashogun>   romania has 21M people in it, Ungary has 10M

Tue Mar 18 00:52:35 UTC 2014  <ninjashogun>   The question isn't whether it was built - but how many Romanian cofounders or investors were on board?

Tue Mar 18 00:52:08 UTC 2014  <asciilifeform>   ninjashogun: did i just fall through time warp? 'mpex' not built yet?

Tue Mar 18 00:52:05 UTC 2014  <ninjashogun>   mircea_popescu, I don't mean to pick on Romania. For many of my examples I'm really thinking of Hungary, and using it as an analogy.

Tue Mar 18 00:51:43 UTC 2014  <ninjashogun>   It's what was different about Palo Alto, for example.

Tue Mar 18 00:51:35 UTC 2014  <ninjashogun>   I'm generalizing, but only a little bit.

Tue Mar 18 00:51:13 UTC 2014  <ninjashogun>   asciilifeform, can you imagine doing due dilligence on a company that isn't even registered? That means only best friends can invest. Your pool of potential investors is literally limited to 7-20 people, no matter who you are in Romania. (Because that's how many people you trust through highschool.)

Tue Mar 18 00:50:33 UTC 2014  <ninjashogun>   asciilifeform, that is part of what I mean

Tue Mar 18 00:49:43 UTC 2014  <ninjashogun>   it's a cultural issue.

Tue Mar 18 00:49:21 UTC 2014  <ninjashogun>   mircea_popescu, it's the same reason (to be honest) that very few Romanians found startups and that you would have had far more trouble finidng cofounders if you didnt' want to do it alone, than you would have in (for example), Berlin, Rome, Brussels, London, Paris, Tokyo, etc.....

Tue Mar 18 00:48:32 UTC 2014  <ninjashogun>   mircea_popescu, the answer is that they do not have the right socioeconomic perspective.

Tue Mar 18 00:48:03 UTC 2014  <ninjashogun>   You can convince yourself of this fact by being nearly 100% sure that more than $190B in wealth would be created if 10,000 qualified engineering and bioscience etc grad student founders were funded at $200K each for 100 years. It's not a lottery - it's just some unusual percentages.

Tue Mar 18 00:47:38 UTC 2014  <BingoBoingo>   ninjashogun: That doesn't mean you can't grab a tire iron and supply a pawn shop with tvs until your enterprize is "funded"

Tue Mar 18 00:47:04 UTC 2014  <ninjashogun>   I don't know if it's evil or not but it's factually mistaken.

Tue Mar 18 00:46:55 UTC 2014  <ninjashogun>   You can know this for a fact ,because

Tue Mar 18 00:46:45 UTC 2014  <ninjashogun>   The lottery model of startups is simply mistaken and wrong.

Tue Mar 18 00:46:32 UTC 2014  <ninjashogun>   asciilifeform, I was actually responding to the earlier statement (day 1: ...lottery) with my statement about his model being wrong.

Tue Mar 18 00:46:12 UTC 2014  <asciilifeform>   ninjashogun: so what are you wasting time with us for? go rob someone

Tue Mar 18 00:46:07 UTC 2014  <ninjashogun>   mircea_popescu, I don't know about the criminals, generally they're not very smart. But I do know about founders and creating something.

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