That's what happened to Marco Palladino, a 22-yrs old italian guy, who first
" [...] started looking for funding for his startup. For roughly 2 years, he and his cofounders met with every last investor on the Italian Peninsula and without any success [...] "
Eventually, they
" arrived in Silicon Valley in January 2010 "
where they got funded by
" the [...] original Youtubers Kevin Donahue and Dwipal Disai. "
Even though the sum was not huge (about 100.000 USD), why did they find so much trouble in getting funded here in Italy?
Oh dear, because:
" In Italy, the investor community is smaller and has less money than in Silicon Valley. Therefore, they don’t want to take a risk by investing in a new and innovative model – they want to invest in something proven and secure. Thus, they fund models that already exist, which ends up slowing down local innovation as a consequence "
Thus, all in all
" the American dream is still up and running " - well, what about the * Italian * dream? I think we're still asleep Deeply about the matter ...
You can read the whole story on Techcrunch .
Hasta Lueger.
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