> nobody in their right mind would fund things like Juicero
> US startups seem to me to be more like schemes
This has little to do with mindset and a lot to do with inequality. SV has the highest percentage of billionaires per million citizens in the world.
They can afford funding pointless startups that buy each other's products - as a hobby.
This also explains the incredibly high salaries and cost of living.
When a good startup comes out there's enough wealth around to boost it into wild success, create more billionaires and the cycle continues.
This has little to do with mindset and a lot to do with inequality. SV has the highest percentage of billionaires per million citizens in the world. They can afford funding pointless startups that buy each other's products - as a hobby.
This also explains the incredibly high salaries and cost of living.
When a good startup comes out there's enough wealth around to boost it into wild success, create more billionaires and the cycle continues.