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Subject: Re: UKNM: State of the Nation
From: jbeverleyatupstart [dot] co [dot] uk
Date: Fri, 15 May 1998 18:48:35 +0100

I think this has swung somewhat from the 'isn't Internet World quiet'
theme it began as, but it has set me off regardless.

I've said it before, and I'll say it again. The state of funding is
useless in most of Europe (though German banks have a fairly good
outlook on medium-sized businesses).

Apparently UK manufacturing is now in recession, while standing by to
watch the US become increasingly competitve, whilst boasting near full
employment and an (admittedly over-valued) Dow nearing 10,000. All this
largely on the back of thirty years of successful venture support: the
'fail and be funded' outlook which allows businesses to make short-term
mistakes in the longer-term interest.


Nabil Shabka wrote:
> It's not actually just State of the Nation, it's State of the EU.
> There's appears to very little appetite in the UK and Europe for
> anything new, experimental or risky. Until it's not new somewhere else
> anyway - the US usually. Has anyone been following the exodus from
> Europe to the US of entrepreneurs who can't get VC(venture capital)
> financing in Europe. People such as Keith Teare, founder of the Real
> Name System(ex Easynet and Cyberia). Why is so much technology invented
> here and then exported in order to be exploited? Why are companies so
> slow to adapt to new methods?
> While there are plenty of entrepreneurs and innovators in Europe, the
> culture doesn't support them.
> The EU mentality reminds me of scientists who do not wish to make leaps
> of faith but rather prefer to plod along. All the ground breaking
> scientists were initially scorned by their peers. Scientists typically
> set out to disprove new ideas until eventually every avenue has been
> tried and thus the hypothesis must be accepted (European view).
> Innovators accept the new ideas and set out to prove them right (US
> view).
> The "mustn't grumble" attitude isn't exactly a trailblazing sentiment.
> Companies can't see the point in implementing new ideas so the
> implimentors (us) have a more difficult sale. You've got to convince
> potential customers of the merits of the product in general before you
> get an opportunity to even make a pitch. But hey, it's fun and

> exciting.
> Nabil

  RE: UKNM: State of the Nation, Ben Thompson

  RE: UKNM: State of the Nation, Robin Edwards

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