RE: UKNM: State of the Nation

[Ben Thompson]

I'm not sure about the term 'fail and be funded', I know of a large number

of Americans who failed and did not get finance again. Mind you they usually

find decent jobs at the end of it.


Anyway, I'm off to the Cable and Satellite show, after all this appears to

be the way of the future (well that's been the claim for the last ten years

but possibly this time). Report later


Ben


-----Original Message-----

From:

ownerchinwag [dot] com

 [

ownerchinwag [dot] com]On">mailto:ownerchinwag [dot] com]On

 Behalf Of

jbeverleyupstart [dot] co [dot] uk

Sent: 15 May 1998 16:06

To:

uk-netmarketingchinwag [dot] com

Subject: Re: UKNM: State of the Nation



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.


Cheers,

Jon




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