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> have very welcoming immigration laws But also huge language barriers, especially for small shops, not speaking the local language is seen a disadvantage. >
by acituan 6y ago
> have very welcoming immigration laws
But also huge language barriers, especially for small shops, not speaking the local language is seen a disadvantage.
> we have no massive local companies that can utilize all that talent and no big VC funding
That is not because Europe has less money, but because they have different risk profiles and competencies regarding investing. In some European countries governments are the biggest venture capitalists, which speaks to the inefficiency and desperation created, which explains the lack of unicorns booming up.
This is not just a money issue, it is also a culture and competence issue.
- ChuckNorris89 6y ago>In some European countries governments are the biggest venture capitalists Yeah, this x1000. In my area, most startups survive by government and EU grants so the thinking pattern of most startups here is "what do we do to get more grant money?". You can't create successful SW companies like that. Not to mention, the elephant in the room, the fact that those government grants are often accorded by favoritism instead of merit(connections, nepotism, etc.)