Khan: Strong UK safety nets make the country less entrepreneurial than US
Shaq (Shakil Khan) · a16z Podcast | Scaling Ideas and Startups in the U.K. and Europe · Jan 2, 2019 · at 20:32
Shakil Khan, CoinDesk founder and early Spotify investor, contrasts entrepreneurial culture and social safety nets in the UK versus the US on the a16z Podcast.
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“The country has never been as entrepreneurial as the USA has, and there's a number of social reasons and governmental reasons. One, we've got even though people may complain, we have a pretty amazing welfare system here, and a pretty amazing healthcare system here. When you know your roof is, you know above your head and the welfare will give you sufficient funds to feed your family and clothe yourself, and you've got a healthcare system, you've got an education system, You don't have the same challenges as an individual in many countries, including America, where if you get made redundant, your health insurance is the first thing that goes, and everything else goes with it.”
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