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I believe the reality in Europe today is that for most companies based in small ecosystems are often better off looking for a nearby major hub to scale up, which requires a large pool of talent to tap from, a wide range of investment options, and the ability to attract senior management.”
Austria could offer those things, as well, but much of what’s preventing it from doing so, paradoxically, is its own more generalized success. Low unemployment saps the incentive for rapid economic change, and Austria’s otherwise abundant wealth has congealed around a set of relatively conservative investment values. Many people in the scene humble-bragged that Austrians just don’t have enough experience dealing with failure to survive the entrepreneurial gauntlet....
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