OK, I tried with the traders, didn't get trough, I'm getting back to my world which is you, programmers.
The state gives you a non-reimbursable grant worth $50,000 out of a total of half a billion dollars budget. So you're only one of the small fry that gets it. The idea (of the state, the payer) is hopefully at least a few of them will grow big.
The receiver, you, the developer on the other hand needs to do something profitable with those money. By that meaning they should at least cover *out of their own pocket* those $50,000 over two years hiring at least one developer. So you got $25k / year to pay a guy (hopefully) as smart as you, ideally at least 10x
Subtracting taxes and ignoring running costs like office space, legal and accounting, that's $1354 / developer net take home in the European country where I live and who implements this startup sponsorship programme.
That's nowhere near enough to hire a "fuck you, pay me" type, but chances those aren't real 10x programmers anyways but posers and certainly not 100xs as I hope to find a few. At $1354 you can live decently for two years here and work, again decently (no overtime or irrational deadline) for a 100x exit.
Anyways, after two years the state reimburses your $50,000 investment back regardless if it's a success or a failure, as long as your accounting books are clean (like you didn't try to steal them, not an unusual attempt around these parts, gotta be honest).
Worst case scenario: you got a worthless $50,000 software in your property, for free. It's worthless but at least it was free.
Best case scenario: you got a highly valuable $50,000,000 software in your property, for free. Best thing overall, it was free. Of course, the sponsoring state hopes you won't dissapear with all the money next day, never to return and rather, continue to invest in the respective region. But as long as your books (and legal) are clean, you can do just that.
So: would you invest $50,000 here under these circumstances? We're not the most frequentable part of Europe but we are, at least until further notice, part of the European Union. (Which, in parentheses is also the reason for the existence of this programme, although the government makes a big fuss of it being a *national* one and not an EU-commission budgeted and rather impossible to achieve bureaucratically. But we do have bureaucratically achieved programmes for let's say infrastructure consolidation, worth $20 billion. So yeah, those half a billion are our own product and budget but they'd have never been available without EU covering the gross part. There's a local saying "whip the saddle so the horse gets the message". The message in parentheses is not for you guys on this forum but my own co-national eurosceptics).
The state gives you a non-reimbursable grant worth $50,000 out of a total of half a billion dollars budget. So you're only one of the small fry that gets it. The idea (of the state, the payer) is hopefully at least a few of them will grow big.
The receiver, you, the developer on the other hand needs to do something profitable with those money. By that meaning they should at least cover *out of their own pocket* those $50,000 over two years hiring at least one developer. So you got $25k / year to pay a guy (hopefully) as smart as you, ideally at least 10x
Subtracting taxes and ignoring running costs like office space, legal and accounting, that's $1354 / developer net take home in the European country where I live and who implements this startup sponsorship programme.That's nowhere near enough to hire a "fuck you, pay me" type, but chances those aren't real 10x programmers anyways but posers and certainly not 100xs as I hope to find a few. At $1354 you can live decently for two years here and work, again decently (no overtime or irrational deadline) for a 100x exit.
Anyways, after two years the state reimburses your $50,000 investment back regardless if it's a success or a failure, as long as your accounting books are clean (like you didn't try to steal them, not an unusual attempt around these parts, gotta be honest).
Worst case scenario: you got a worthless $50,000 software in your property, for free. It's worthless but at least it was free.
Best case scenario: you got a highly valuable $50,000,000 software in your property, for free. Best thing overall, it was free. Of course, the sponsoring state hopes you won't dissapear with all the money next day, never to return and rather, continue to invest in the respective region. But as long as your books (and legal) are clean, you can do just that.
So: would you invest $50,000 here under these circumstances? We're not the most frequentable part of Europe but we are, at least until further notice, part of the European Union. (Which, in parentheses is also the reason for the existence of this programme, although the government makes a big fuss of it being a *national* one and not an EU-commission budgeted and rather impossible to achieve bureaucratically. But we do have bureaucratically achieved programmes for let's say infrastructure consolidation, worth $20 billion. So yeah, those half a billion are our own product and budget but they'd have never been available without EU covering the gross part. There's a local saying "whip the saddle so the horse gets the message". The message in parentheses is not for you guys on this forum but my own co-national eurosceptics).
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