How does Europe’s startup landscape differ from those in Asia and the U.S.? Taavet Hinrikus, co-founder and chairman of TransferWise, offers a unique perspective in this conversation with Ina Fried of Axios. Hinrikus has a long history of launching entrepreneurial ventures in Europe. Prior to founding TransferWise in 2011, he was part of the team that launched Skype.
Attitude towards failure is one of the key differences between the European and American startup ecosystems, Hinrikus says – and it needs to change. “In Europe, if someone starts a startup and fails, people look at that person like they failed”, he explained. “If the same person failed three times in the US, people see that as experience and want to work with them.”