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Culture of risk: Are you willing to bet the farm?

This is the 13th article in a continuing series that examines the state of the ecosystem necessary to successfully bring technology to market. Based on dozens of interviews with entrepreneurs, venture capitalists, angel investors, business leaders, academics, tech-transfer experts and policy makers, this series looks at what is working and what can be improved in the go-to-market ecosystem in the United States, Canada and Britain. We invite your feedback.

By Francis Moran and Leo Valiquette

In our various interviews for this series, one of the most elusive topics of discussion has been culture of risk. Elusive in that it strays into the realm of stereotype and generalization.

Can it be defined by borders, or is that a naive misconception? Is it somehow encoded in the DNA of one nation’s culture more than another, shaped and influenced by how much public policy favours free-market capitalism versus socialism, or all of the above?

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