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The EU needs all of the above. I value its capacity for producing sane sustainable companies. But it also needs a healthy dose of the SV ethos. Yeah, that ethos
by m_fayer 9y ago
The EU needs all of the above. I value its capacity for producing sane sustainable companies. But it also needs a healthy dose of the SV ethos. Yeah, that ethos is nuts, high risk and high reward, can chew people up. But it also produces rapid innovative change, rewrites the rules, and produces incredible cultural/intellectual/financial wealth. Europe needs its own version of this, or it will be perpetually playing by American/SV rules. And in a few years, Chinese rules.
- gerikson 9y agoDo you think Chinese companies work under SV rules?
- m_fayer 9y agoThere's a new batch of SVish companies coming from China. SVish in the sense that they move fast, spend large amounts of investor money, worry about profitability/sustainability/legality later, and leverage unproven technologies and business models. So in that sense, I think so yes. In the sense that some Chinese VCs are more motivated by the Communist party's strategic concerns than by profits or idealism, and likewise for some of the resulting startups, in that sense the answer is no.
- gerikson 9y agoThanks for the reply. I know very little about Chinese business practices in general.
- deltron3030 9y agoYou don't need innovation or much risk for clone market strategies (copy a business model from an existing market to a new one). That's what most "innovative" companies in the EU do, and even "artists". It's really disgusting. They look at SV and copy what works, the societies are still similar enough to extrapolate the demand. Those companies only need a lot of cash to come up with a full featured product right from the start.