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I’ve lived in Berlin for some years. What I‘ve seen from most of the startup scene there was that people are more collecting memories than building businesses.
by Jdam 8y ago
I’ve lived in Berlin for some years. What I‘ve seen from most of the startup scene there was that people are more collecting memories than building businesses. The predominant mindset was like „we don’t want to take over the world and we will most likely fail anyway“.
The successful ones, like Dubsmash, leave for the US after a while.
If I, as a German, was to create a startup in Europe today, I’d do so in London.
- groestl 8y ago> collecting memories than building businesses The lifestyle entrepreneur is a phenomenon that you can find in the US as well.
- k__ 8y agoGuess it's predominant in Berlin, people are as removed from business thinking as possible up there.
- _petronius 8y agoI would humbly submit that your sample size is too small. Even just the Rocket Internet output is a pretty good indicator of the size and diversity of successful startups tsrgetting the German market specifically (and thus with no incentive to move out to the US).
- Jdam 8y agoI‘ve worked at a major company that is more or less controlled by Rocket and my direct neighbor was the Germany-CEO of one of their successfuller ventures, so I think I have a rather good picture of Rocket. However, I think they have not met expectations. They have not become huge, and are just doing okay, what I consider as a failure, given their goals.
- k__ 8y agoYes, but that was to be expected from a company founded by a bunch of copy-cats.
- konschubert 8y agoRocket Internet is the opposite of innovation. If anything, the success of Rocket Internet proves the point that Germany is not good at startups.
- earthnail 8y agoI am German and co-founded a start-up in berlin. After it failed, one of my co-founders and me tried again - this time in London. Boy, what a difference. Seed funding, tech talent, tax situation, and lawyers to help you start your company - all on a better level. Yes, living was more expensive, but we actually enjoyed that - it put pressure on us and everyone working with us. We had a highly successful exit in less than a year.
- solveit 8y agoWhat did you do that you could exit in less than a year?