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My bet is that still it will be in USA. Among many other things, there's no shame in "failing" in USA. Investors and banks take a chance, fully knowing that mos

My bet is that still it will be in USA. Among many other things, there's no shame in "failing" in USA. Investors and banks take a chance, fully knowing that most will fail. In a lot of countries failure will follow you for the rest of your life. Not to mention that you'll be broke owing to banks, friends and tax authorities.

adventured 9y ago
There are only half a dozen or so nations on the planet that can compete with the US at all when it comes to technology start-ups. Nobody else has enough of the required ingredients. For example Sweden has something very interesting going on - yet they are very unlikely to ever produce a Facebook or Google, the fractured European market and cultural system and their tiny local population base is a very big friction point (unless they go after the US market early on, as with Spotify, becoming a proxy US start-up). The rapid lead that the large, unified market of the US + Canada provides, is extraordinary. Only China offers something competitive to that and as an outsider you can't move to China and form successful large start-ups (which is why among their major tech companies, there are no cultural foreigners or non-Chinese running businesses like Tencent, Baidu, Alibaba, Didi, Alipay, etc and there never will be). The US + Canada = near $21 trillion in economy, with extremely high disposable income levels, that mostly all uses/understands English. Fundamentally this is why Europe has struggled so immensely to produce new tech giants in the last 20 years, compared to the US or China. It's not the lack of risk-seeking capital; although that's less than in the US, there is still enough. There is some cultural restraint depending on the country. Mostly though, it's because of how extremely difficult it is to adopt to all the various nation by nation differences early into the life of a product and acquire market dominance in enough of them to then have a strong foundation from which to springboard globally.

adventured 9y ago

There are only half a dozen or so nations on the planet that can compete with the US at all when it comes to technology start-ups. Nobody else has enough of the required ingredients. For example Sweden has something very interesting going on - yet they are very unlikely to ever produce a Facebook or Google, the fractured European market and cultural system and their tiny local population base is a very big friction point (unless they go after the US market early on, as with Spotify, becoming a proxy US start-up). The rapid lead that the large, unified market of the US + Canada provides, is extraordinary. Only China offers something competitive to that and as an outsider you can't move to China and form successful large start-ups (which is why among their major tech companies, there are no cultural foreigners or non-Chinese running businesses like Tencent, Baidu, Alibaba, Didi, Alipay, etc and there never will be). The US + Canada = near $21 trillion in economy, with extremely high disposable income levels, that mostly all uses/understands English. Fundamentally this is why Europe has struggled so immensely to produce new tech giants in the last 20 years, compared to the US or China. It's not the lack of risk-seeking capital; although that's less than in the US, there is still enough. There is some cultural restraint depending on the country. Mostly though, it's because of how extremely difficult it is to adopt to all the various nation by nation differences early into the life of a product and acquire market dominance in enough of them to then have a strong foundation from which to springboard globally.