Comments on: YEurope: a Micro-VC for europe http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/ michael kamleitner - web-consultant & -developer, vienna Fri, 19 Mar 2010 12:27:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: subnet http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/comment-page-1/#comment-21049 subnet Mon, 30 Apr 2007 11:47:12 +0000 http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/#comment-21049 while I haven't been through the process of setting up a GmbH myself yet, I always thought the complexity of legals were fair enough...(at least that's what I thought at university where we were supposed to learn this kindof stuff ;) ). also, shouldn't the "limited liabilty"-aspect of the GmbH assure that it's _not_ sucidial to incorporate in Austria? I mean you can keep your private equity out of your GmbH if you want to, right? while I haven’t been through the process of setting up a GmbH myself yet, I always thought the complexity of legals were fair enough…(at least that’s what I thought at university where we were supposed to learn this kindof stuff ;) ). also, shouldn’t the “limited liabilty”-aspect of the GmbH assure that it’s _not_ sucidial to incorporate in Austria? I mean you can keep your private equity out of your GmbH if you want to, right?

]]> By: Christian http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/comment-page-1/#comment-20546 Christian Fri, 27 Apr 2007 23:48:47 +0000 http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/#comment-20546 It's mainly about necessary steps to legally found and run a company, compare LTD vs GmbH, whereas I think (I'm no lawyer or tax consultant though) LTD is way easier. Another question is about consequences if your start-up fails (bankruptcy), because most start-ups do fail, it's a part of entrepreneurship to fail. Here in Austria regulations are rather strict, which is good for employees, customers and clients (prevents fraud) but at the same time it makes it complicated for entrepreneurs to "try" one idea quickly after another. It’s mainly about necessary steps to legally found and run a company, compare LTD vs GmbH, whereas I think (I’m no lawyer or tax consultant though) LTD is way easier.

Another question is about consequences if your start-up fails (bankruptcy), because most start-ups do fail, it’s a part of entrepreneurship to fail. Here in Austria regulations are rather strict, which is good for employees, customers and clients (prevents fraud) but at the same time it makes it complicated for entrepreneurs to “try” one idea quickly after another.

]]> By: subnet http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/comment-page-1/#comment-20509 subnet Fri, 27 Apr 2007 19:28:10 +0000 http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/#comment-20509 Christian, could you elaborate on why you think .at-legals are an issue? wheres the difference between a GmbH and a UK-limited company or US-llc? I'm really wonderig... Christian, could you elaborate on why you think .at-legals are an issue? wheres the difference between a GmbH and a UK-limited company or US-llc? I’m really wonderig…

]]> By: Christian http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/comment-page-1/#comment-20498 Christian Fri, 27 Apr 2007 17:54:00 +0000 http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/#comment-20498 However, I highly appreciate the intiative of Paul Böhm! However, I highly appreciate the intiative of Paul Böhm!

]]> By: Christian http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/comment-page-1/#comment-20497 Christian Fri, 27 Apr 2007 17:52:52 +0000 http://nonsmokingarea.com/blog/2007/04/27/yeurope-a-micro-vc-for-europe/#comment-20497 IMHO it's not so much the missing VC, frankly, you don't need that much resources to verify whether an idea has potential or not. It's rather the legal framework why Austria is almost the worst place in Europe to start a company. Compared to UK or US standards a start-up here can be seen almost as suicide... IMHO it’s not so much the missing VC, frankly, you don’t need that much resources to verify whether an idea has potential or not. It’s rather the legal framework why Austria is almost the worst place in Europe to start a company. Compared to UK or US standards a start-up here can be seen almost as suicide…

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