I have started more than 15 companies in my lifetime. A few of them successful. I would do an AMA, but I'll answer three questions that you didn't dare to ask instead.

Q: What is the best advice you have for young entrepreneurs?

A: Stay away from EU. Don't incorporate there. Don't target EU customers.

Q: What is the best target market that no one sees?

A: The netizens that own cryptocurrency and can use them for payments (no ETF owning grandmas).

Q: Where do I find investors or money?

A: Don't. Bootstrap.

Reply to this note

Please Login to reply.

Discussion

Where did you get the most problems with Europe?

Probably one word:

REGULATIONS (aka SOCIALISM)

Yes

That's the biggest problem. It's not a wall that you suddenly hit. It's like constantly trying to cross a wild river. You always hope it's just three more steps and then you are on the shore. But there's no shore to reach, it keeps moving away from you.

But I'll give you examples. VAT is different and keeps changing. One country would lower VAT on books to 5%, then to 0%, then they have an election and say ebooks for children have the full VAT. Multiply by all countries in EU.

Or you want to send the book to Germany. But no shipping company would take it, because they have introduced a special system where you have to pay a fee and register and report each package's wrapping material. What kind of envelope, did you wrap it in plastic, etc. I'm not joking at all BTW. You really have to do this. Multiply this bullshit by all member countries.

If you knew this in advance, you would never do it in a million years. But since people believe it can't be that bad, they go into the river. And there's no shore...

On the internet especially with Bitcoin, you can just do things...

Europe is a big, beautiful museum.

It's regulations are so grotesque that you couln'd make up anything like that even if you wanted.

It's pure comedy gold.

It's like "You need a certificate to show no child labor was involved in the packaging for the machine lubricant this factory used to produce the ink you use to print the adress on the shipping envelope" style.

Then if approved they make you calculate the amount of CO2 used to produce the ink and report it by FAX to a bureucrat that will eventually, like 18 months later, tell you about a missing pronoun field you forgot to fill out in the report.

BTW you have a DEI department, havent you?

We opened up in Estonia but moving away .. they raised vat and also now Europe does not take usdt so we are forced to swap with usdc which makes us lose money

Maybe you have missed the fourth ... what is the best way to bootstap?

Solve problems for customers. Charge them. Use the profits to make your solution better. Repeat.

if i knew these three does it mean im ready? 😺

(i know there is always more to learn 🧠)

Yes.

The only way to learn anything really is to do.

Most advice is either bullshit, or it applies to a different situation, time, ...

But if you want a bonus one...

Q: There's this government incentive program...

A: Hard no

What is there any nonregulated country?