I still agree with mbesto's comment. Relative to a lot of places in the world, the US is incredibly tolerant of failure. A French/German friend from school (which was his first time in the US) told me how amazing it was and that you wouldn't see that kind of attitude in Western Europe.
As a Western Europe counter-example, I recently lived through a startup failure and and our creditors are also being extremely supportive, both in the liquidation process and in our next ventures.
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I still agree with mbesto's comment. Relative to a lot of places in the world, the US is incredibly tolerant of failure. A French/German friend from school (which was his first time in the US) told me how amazing it was and that you wouldn't see that kind of attitude in Western Europe.
As a Western Europe counter-example, I recently lived through a startup failure and and our creditors are also being extremely supportive, both in the liquidation process and in our next ventures.
That's savvy b/c it's likely. The team, idea and execution can all be in tune but there's still that darn uncertainty of popularity.
Hope the team's still motivated to carry on; good teams are hard to come by.
(VC's are almost obsolete, unless they have mucho value-add: http://wefunder.com/)