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Originally Posted by indes
Its definitely interesting. It must be a culture thing no? I mean it sounds pretty stereotypical but China seems to have always excelled at optimization whereas the US has always been about 'dreaming' for lack of a better word.
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"dreaming" = greed in my view. The American private equity/venture capital/family offices has no other equal anywhere else. They are hyper aggressive and willing to invest in very early stage "ideas" with the hope of them hitting big more than any other country. A few hit but most fail...and those hits create their own little ecosystems ("Bay Area" as an example), that continue to fuel early stage investment.
Most other countries rely on grants/government, I feel it's a massive advantage.