Respectfully disagree, up to a point. You can create startups in Italy (people do, and some actually succeed). True, bureaucracy and taxes hit you hard (but marginal corporate taxes in the USA are high nonetheless, aren't they?). True, if you are flagged as a bad payer, you end up in a very difficult situation (I guess that if you have a bad credit history in the USA, they will not put red carpets in front of you).
But just saying "it can't be done" makes it impossible for you to do it. Period.
Me: working as an associate in a VC firm. Yes, operating in Italy. And yes, it is difficult, but we (as a startup community) are creating momentum and we can see something happening.
Bottom line: banks do not invest money in your company, they lend you money, that's why they require a positive cash flow NOW.
But just saying "it can't be done" makes it impossible for you to do it. Period.
Me: working as an associate in a VC firm. Yes, operating in Italy. And yes, it is difficult, but we (as a startup community) are creating momentum and we can see something happening.
Bottom line: banks do not invest money in your company, they lend you money, that's why they require a positive cash flow NOW.