3 ms·
I might be wrong but I think it's because the sorts of companies that become "unicorns" nowadays are more dependent on cultural, language or social network aspe
by petercooper 11y ago
I might be wrong but I think it's because the sorts of companies that become "unicorns" nowadays are more dependent on cultural, language or social network aspects (Snapchat, Facebook, Airbnb, Pinterest) than manufacturing, drug, or oil companies ever were (all areas Europe has excelled in).
If biotech or robotics ever take off in a huge bubbly way, I imagine we'll see a much larger of Europe unicorns coming to the table as those areas play to European strengths again.
- ThomPete 11y agoI think that is a great point. So is it that because of the market in the US it's easier to establish enough momentum what when you move into Europe you have the power to establish yourself there despite the different languages?
- petercooper 11y agoWithout being able to prove it, I think that's likely. I think that explains how Airbnb and Uber have managed to spread into non-Western cultures - enough people there can speak English and watch the trends of the English speaking world so that when they turn up locally, they're relatively well trusted.