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Unfortunately, does anyone even takes the EU serious nowadays in tech? The more I follow the European tech scene, the more disappointed I become. EU's biggest

Unfortunately, does anyone even takes the EU serious nowadays in tech? The more I follow the European tech scene, the more disappointed I become. EU's biggest tech company aside of ARM is Spotify... Almost every second startup I read about in https://www.eu-startups.com/ https://www.eu-startups.com/ is a fintech/budgeting app which is trying to "disrupt" banking. Revolut is the biggest player, yet they are literally throwing money to achieve a miniscule growth, if you have a shitty product, your ad spend won't save you.. I feel like there is a need for a fundamental shift in mindset in Europe..

cleansy 6y ago
> Almost every second startup I read about in https://www.eu-startups.com/ https://www.eu-startups.com/ is a fintech/budgeting app These kind of startup focused news sites are quite biased towards B2C/C2C software/*tech places, as most of their businesses need the public attention to succeed. Most B2B startups don't care much about outreach to these outlets, as most of their clients don't read it.
erk__ 6y ago
The biggest tech firm in europe is SAP, which is the largest non american software company. Although it is not a very "cool" company compared to startups.
Flashtoo 6y ago
What is your definition of a "big tech company"? Do you only mean very young startups? Going by valuation, Revolut is pretty small. ASML is 40x larger than Revolut and 4x as large as ARM. NXP and Adyen are both about as large as Spotify at 50-60 billion. The startup scene is less vibrant: valuations are typically lower and funding is not as easy to get as it is in Silicon Valley, but you shouldn't discount established players that innovate and mature startups.
Deukhoofd 6y ago
> EU's biggest tech company aside of ARM is Spotify How about SAP, Capgemini, Atos, Deutsche Telekom, Telefónica, Vodafone, ASML? Not hip enough for you?
- MrBuddyCasino 6y ago
  > Capgemini, Atos, Deutsche Telekom, Telefónica, Vodafone IT Consulting body shops & telecom. If that was the peak it would indeed be looking grim (luckily it isn't).
_fizz_buzz_ 6y ago
> EU's biggest tech company aside of ARM is Spotify Only if you have a very narrow definition of tech. What about Infineon, ST, Siemens, Schneider, Dassault Systèmes, NXP, etc.
- bildung 6y ago
  It's a recurring theme when discussing US and European tech companies on hn. US tech giants tend to be more visible as most are consumer facing brands (Apple, Facebook and so on). The European multinationals are mostly like ZF Friedrichshafen: Noone has ever heard the name, yet in 2019 they had $45 billion in revenue.
jason0597 6y ago
Europe specialises in companies that you will never hear about. These are massive corporations that don't directly face consumers. We aren't into consumer technology or consumer electronics as much as the US is.

cleansy 6y ago

> Almost every second startup I read about in https://www.eu-startups.com/ https://www.eu-startups.com/ is a fintech/budgeting app These kind of startup focused news sites are quite biased towards B2C/C2C software/*tech places, as most of their businesses need the public attention to succeed. Most B2B startups don't care much about outreach to these outlets, as most of their clients don't read it.

erk__ 6y ago

The biggest tech firm in europe is SAP, which is the largest non american software company. Although it is not a very "cool" company compared to startups.

Flashtoo 6y ago

What is your definition of a "big tech company"? Do you only mean very young startups? Going by valuation, Revolut is pretty small. ASML is 40x larger than Revolut and 4x as large as ARM. NXP and Adyen are both about as large as Spotify at 50-60 billion. The startup scene is less vibrant: valuations are typically lower and funding is not as easy to get as it is in Silicon Valley, but you shouldn't discount established players that innovate and mature startups.

Deukhoofd 6y ago

> EU's biggest tech company aside of ARM is Spotify How about SAP, Capgemini, Atos, Deutsche Telekom, Telefónica, Vodafone, ASML? Not hip enough for you?

MrBuddyCasino 6y ago
> Capgemini, Atos, Deutsche Telekom, Telefónica, Vodafone IT Consulting body shops & telecom. If that was the peak it would indeed be looking grim (luckily it isn't).

_fizz_buzz_ 6y ago

> EU's biggest tech company aside of ARM is Spotify Only if you have a very narrow definition of tech. What about Infineon, ST, Siemens, Schneider, Dassault Systèmes, NXP, etc.

bildung 6y ago
It's a recurring theme when discussing US and European tech companies on hn. US tech giants tend to be more visible as most are consumer facing brands (Apple, Facebook and so on). The European multinationals are mostly like ZF Friedrichshafen: Noone has ever heard the name, yet in 2019 they had $45 billion in revenue.

jason0597 6y ago

Europe specialises in companies that you will never hear about. These are massive corporations that don't directly face consumers. We aren't into consumer technology or consumer electronics as much as the US is.