What reduced cost of failure? Failing with a start up is when you get some stability back as you go and get a regular job.
The US is where there is more incentive to quit early as it will restore your health insurance and other benefits. In the EU the difference between failing startup/government support and regular job is smaller, so the incentive to fold is lower.
If anything the Euopean system could cause you to hang on to a no hope case for too long as you can make ends meet more easilly.
The US is where there is more incentive to quit early as it will restore your health insurance and other benefits. In the EU the difference between failing startup/government support and regular job is smaller, so the incentive to fold is lower.
If anything the Euopean system could cause you to hang on to a no hope case for too long as you can make ends meet more easilly.