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

This is the next entry in our “Best of” series, in which we venture deep into the vault to replay blog opinion and insight that has withstood the test of time. Today’s post hails from April 2011. We welcome your feedback. 

By Francis Moran and Leo ValiquetteCubes - 207 - BEST OF

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?

There is no one simple answer. However, few would argue that U.S. entrepreneurs tend to have more of a balls-to-the-wall, bet-the-farm-on-a-brilliant-idea mindset than their Canadian counterparts, while U.K. entrepreneurs fall somewhere in the middle … most of the time. On the other hand, one could also argue that entrepreneurs in Western Canada tend to be more “American” in their mindset versus their peers further east, while the characteristics that best define Silicon Valley can’t be found anywhere else in the U.S. And then there are those Israelis, who have cast a mould all their own.

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