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Using Dublin as an example is like comparing Boston with SF. You just don't have the talent or the infrastructure or alumni there and it's not just something yo

Using Dublin as an example is like comparing Boston with SF. You just don't have the talent or the infrastructure or alumni there and it's not just something you build up like that. If it's laughable then why does the EU have the lowest number of unicorns of any super region in the world? Why is it's growth declining? Why is it's unemployment increasing? The UK is the country with most unicorns, most fintech startups, most important financial market in all of the EU. Thats not just something they got because of the EU they got it despite the EU as they had it before too. And if the EU is so important for trade and export why is it that a country like Denmark export to the US is now rivaling export to Germany and is said to go move beyond that. EU is loosing it's economic power not gaining it. There is not a single thread of evidence that the EU is making it easier to conduct business. If anything though it's great for big corporations because they can lobby any challenger out of the market because of the legislative burdens. I am for the common market but the EU is killing the very advantage of having individual countries with different cultures by trying to harmonize their culture. Diversity is an asset not a liability especially for startups.

notahacker 10y ago
The rest of the EU has few fintech startups in part because financial passporting across the EU meant that fintech startup could serve customers in the whole of the EU from an office in London. That's likely to change... The idea that this is less of an asset to London startups than increased diversity of culture and regulation between countries is, to put it politely, utter nonsense.
- ThomPete 10y ago
  What is likely to change? The UK was the most important financial market before the EU. No nonsense about that at all. Switzerland is doing just fine as far as I can see and they are not members of the EU. But I understand that its politically charged and people has a hard time tempering their anger which yours and the previous post are nice examples of.
  - notahacker 10y ago
    As I pointed out, the UK's ability to serve EU markets via financial passporting will almost certainly disappear assuming the UK opts to leave the Single Market. Which is a problem if you're a startup aiming to provide regulated services to European markets and currently have London as a base (obviously it's less of a problem if you're a multinational bank and already have a Frankfurt office to relocate the relevant back office departments to). The legislative burdens still exist: they're just legislative burdens that will make performing certain services for EU citizens/companies impossible rather than merely complicated for a young company based solely in London. But please feel free to dismiss that argument as "anger" in lieu of any ability to support your claim that cultural differences are far more valuable to startups (?!).
    - ThomPete 10y ago
      The UK opts to leave the EU not the single market just like Norway and the Swiss and just like it did before the EU. But feel free to claim certainty that this will happen where none exist.
      - notahacker 10y ago
        Well yes, it would be less damaging for the UK's fintech industry if the government opts to defy the will of a population that voted Out in a campaign dominated by debate over "control of immigration" in order to remain in the Single Market, precisely because all of the harmonised regulation you've claimed is the problem would continue to apply...
        ThomPete 10y ago
        Why is't Norway and the Swiss hurting? This is the Euro all over. The amount of scaremongering that was put out for not joining the Euro yet the UK and Denmark managed just fine in fact more than fine.
        notahacker 10y ago
raverbashing 10y ago
> If it's laughable then why does the EU have the lowest number of unicorns of any super region in the world? After the US, and China (a closed market?) https://www.cbinsights.com/research-unicorn-companies https://www.cbinsights.com/research-unicorn-companies > that a country like Denmarks export to the US is now rivaling export to germany and is said to go move beyond that. 15Bi to Germany, 5Bi to the US, 5Bi to the UK http://www.worldsrichestcountries.com/top_denmark_exports.html http://www.worldsrichestcountries.com/top_denmark_exports.ht... > There is not a single thread of evidence that the EU is making it easier to conduct business. While I agree with the regulatory capture remark, how much financing comes from the EU again? Besides the single-market and freedom of movement facilitations. > I am for the common market but the EU is killing the very advantage of having individual countries with different cultures by trying to harmonize their culture. Yes, and as much as I don't like big bureaucracies, some countries have a tendency of having worse regulations and more bureaucracy than what we can expect with the EU (and the EU usually doesn't touch purely cultural aspects, maybe in things like Cheese with Maggots or some other "traditional" dishes)
- ThomPete 10y ago
  Out of 108 unicorns 78 are from the UK only nine are from Europe. http://graphics.wsj.com/billion-dollar-club/ http://graphics.wsj.com/billion-dollar-club/ The US is expected to take over Germany soon in export for Denmark.
  - TheSpiceIsLife 10y ago
    How did you get those numbers (108 and 78) from that interactive chart? That chart tells me there are 148 total, and if I click on Europe it says 17. It says 89 for the US.
  - ThomPete 10y ago
    US not UK.

notahacker 10y ago

The rest of the EU has few fintech startups in part because financial passporting across the EU meant that fintech startup could serve customers in the whole of the EU from an office in London. That's likely to change... The idea that this is less of an asset to London startups than increased diversity of culture and regulation between countries is, to put it politely, utter nonsense.

ThomPete 10y ago
What is likely to change? The UK was the most important financial market before the EU. No nonsense about that at all. Switzerland is doing just fine as far as I can see and they are not members of the EU. But I understand that its politically charged and people has a hard time tempering their anger which yours and the previous post are nice examples of.
- notahacker 10y ago
  As I pointed out, the UK's ability to serve EU markets via financial passporting will almost certainly disappear assuming the UK opts to leave the Single Market. Which is a problem if you're a startup aiming to provide regulated services to European markets and currently have London as a base (obviously it's less of a problem if you're a multinational bank and already have a Frankfurt office to relocate the relevant back office departments to). The legislative burdens still exist: they're just legislative burdens that will make performing certain services for EU citizens/companies impossible rather than merely complicated for a young company based solely in London. But please feel free to dismiss that argument as "anger" in lieu of any ability to support your claim that cultural differences are far more valuable to startups (?!).
  - ThomPete 10y ago
    The UK opts to leave the EU not the single market just like Norway and the Swiss and just like it did before the EU. But feel free to claim certainty that this will happen where none exist.
    - notahacker 10y ago
      Well yes, it would be less damaging for the UK's fintech industry if the government opts to defy the will of a population that voted Out in a campaign dominated by debate over "control of immigration" in order to remain in the Single Market, precisely because all of the harmonised regulation you've claimed is the problem would continue to apply...
      - ThomPete 10y ago
        Why is't Norway and the Swiss hurting? This is the Euro all over. The amount of scaremongering that was put out for not joining the Euro yet the UK and Denmark managed just fine in fact more than fine.
        notahacker 10y ago

raverbashing 10y ago

> If it's laughable then why does the EU have the lowest number of unicorns of any super region in the world? After the US, and China (a closed market?) https://www.cbinsights.com/research-unicorn-companies https://www.cbinsights.com/research-unicorn-companies > that a country like Denmarks export to the US is now rivaling export to germany and is said to go move beyond that. 15Bi to Germany, 5Bi to the US, 5Bi to the UK http://www.worldsrichestcountries.com/top_denmark_exports.html http://www.worldsrichestcountries.com/top_denmark_exports.ht... > There is not a single thread of evidence that the EU is making it easier to conduct business. While I agree with the regulatory capture remark, how much financing comes from the EU again? Besides the single-market and freedom of movement facilitations. > I am for the common market but the EU is killing the very advantage of having individual countries with different cultures by trying to harmonize their culture. Yes, and as much as I don't like big bureaucracies, some countries have a tendency of having worse regulations and more bureaucracy than what we can expect with the EU (and the EU usually doesn't touch purely cultural aspects, maybe in things like Cheese with Maggots or some other "traditional" dishes)

ThomPete 10y ago
Out of 108 unicorns 78 are from the UK only nine are from Europe. http://graphics.wsj.com/billion-dollar-club/ http://graphics.wsj.com/billion-dollar-club/ The US is expected to take over Germany soon in export for Denmark.
- TheSpiceIsLife 10y ago
  How did you get those numbers (108 and 78) from that interactive chart? That chart tells me there are 148 total, and if I click on Europe it says 17. It says 89 for the US.
- ThomPete 10y ago
  US not UK.