Venture capital and Italian banks
Open Lab has been a flourishing small company since 2001. We are now starting to get internationally renown, I believe in the last six months. Now, in these five years of activity, how many proposals have we received from Italian banks or investment societies to invest in our activities or projects? Guess, guess?
Yes, zero, none, nada, nessuna. How many time did in the last six months did U.S. venture capital societies contact us for the same purpose? Twice. I mean, it's a long way from the US simply to get to know that we exist.
Why Italian capitalism is so indifferent? Well', it's simply explained: Italian banks live by stealing, istead of being good in investing. Just yesterday, Mario Draghi reminded us that the averge yearly cost of a bank account in Italy is 90 Euro, while the average European Union cost is 15 Euro.
Yes, zero, none, nada, nessuna. How many time did in the last six months did U.S. venture capital societies contact us for the same purpose? Twice. I mean, it's a long way from the US simply to get to know that we exist.
Why Italian capitalism is so indifferent? Well', it's simply explained: Italian banks live by stealing, istead of being good in investing. Just yesterday, Mario Draghi reminded us that the averge yearly cost of a bank account in Italy is 90 Euro, while the average European Union cost is 15 Euro.
posted by Pietro Polsinelli at 8:59 PM
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