It's essentially the same here in Norway and so far the system is working reasonably well. It does mean that my job as a software developer doesn't pay as well as it might in the US but on the other hand I have a lot more security; I can't be fired without cause, notice periods are six months after working for the company for ten years, etc., redundancy compensation is generally reasonable, and so on.
Compared to the US, I think there might be a shortage of truly affluent individuals. Are there angel investors in Norway, that can give a new startup a chance?
As the population of Norway is less than 1/60th part of the US then there is bound to be a massive difference of course but they do exist and Norway does in fact have quite a few fairly well off people. There is even a Wikipedia page listing the top six. Norway is ranked 25th in the world in number of billionaires with 14 so in terms of billionaires per capita it beats the US by a fair margin. Of course, their total wealth is much less.
Anyway, yes there are angel investors and companies that exist only to match them to those needing the money. Again, probably not on the scale you will find in Silicon Valley.
