Thursday, August 12, 2021

Bankruptcy: Silicon Valley vs. Europe

How can Europe make itself more like Silicon Valley, with disruptive companies?

One way is to de-stigmatize bankruptcy.

As "The Economist" points out, in Silicon Valley someone with one or two failed start-ups is seen as an experienced entrepreneur.  In Europe, a single bankruptcy can derail you career.

Recently, France found that they could successfully increase entrepreneurism by no longer publicly listing the managers of bankrupt companies for three years.  Banks would use this list to deny them funding. 

© 2021 Praveen Puri