Hi all, we just released this easy scenario calculator for convertible notes. We wanted to put the data to use for the community. So it also has average discounts and cap/target valuation analysis! Let me know what you think!
It's not like SV doesn't have any difficulties though (hiring, living costs, copycats etc).
The main difference is the depth and failure tolerance of the home market. The number of early adopters is so much higher that it is much easier to take a product off the ground.
In Europe you probably have to scale it country by country