With the greatest respect for Mr. Thiel and his accomplishments I'm skeptical.
I've travelled the world and my experience is that very few places in the world have America's, often irrational, can-do attitude, appetite for new venture risk, and societal acceptance of new venture failure as an important part of the entrepreneurial process.
I just don't think it's that easy to graft these cultural norms to other cultures, let alone replicate the new venture capital, both human and monetary.
As someone in London I wouldn't be on hacker news to 'keep my finger on the pulse' if I believed otherwise.
I've travelled the world and my experience is that very few places in the world have America's, often irrational, can-do attitude, appetite for new venture risk, and societal acceptance of new venture failure as an important part of the entrepreneurial process.
I just don't think it's that easy to graft these cultural norms to other cultures, let alone replicate the new venture capital, both human and monetary.
As someone in London I wouldn't be on hacker news to 'keep my finger on the pulse' if I believed otherwise.