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I would say they're late to the game, but I wouldn't entirely discount the EU tech scene. The EU is doing very well in Fintech, for instance: https://news.crun
by zhdc1 7y ago
I would say they're late to the game, but I wouldn't entirely discount the EU tech scene.
The EU is doing very well in Fintech, for instance: https://news.crunchbase.com/news/european-unicorns-break-out-in-2019/ https://news.crunchbase.com/news/european-unicorns-break-out...
Also keep in mind that a lot of European startups migrate over to the states or split offices for financing & legal reasons, so there are several American companies that are, for all intents and purposes, based in the EU.
- 0xfaded 7y agoGiven that successful companies will need to travel to the US for funding anyway, I wonder how long before the standard vehicle for a EU startup becomes a Delaware LLC. Regarding FinTech, you have a strong point there.
- zhdc1 7y agoI think they're part of the way there, at least for companies looking to do a series a or more. That said I also think they're becoming less reliant on American funding, since it seems like the EU (or at least the German/central european) investment scene is starting to mature.
- Silhouette 7y agoThere is still a long way to go before things are at all equal, though. Just look at the difference in salaries for technical roles between the SV giants and European businesses. There are kids right out of university with negligible skill and experience whose starting salaries in the US tech hubs are several times what a position at the top of the scale with a relatively good employer would pay here in the UK, and even taking into account cost of living, it's clearly a different world. The US giants can afford to do that partly because of the huge amounts of VC funding that set them up a few years ago.