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If there ever is a promising project from europe (a.1) it bootstraps / gets venture capital (a.2) Leaves after 2 years for the US / gets acquired and the fisc
by norwegianwhale 6y ago
If there ever is a promising project from europe
(a.1) it bootstraps / gets venture capital
(a.2) Leaves after 2 years for the US / gets acquired and the fiscal headquarter moves to Delaware (Stripe)
(b) Gets absorbed by an old blue chip, like Siemens, Telefonica, and dies a slow death.
(c) Becomes highly stymied by bureaucracy, and the initial momentum wanes without winning much market share (Zalando, Deliveroo, Idealista).
It's called the market of lemons problem. Only the least productive projects want to have their hands tied and financed by the government.
- Apocryphon 6y agoSounds like what happens in Canada, too. One wonders if this is a global phenomenon.
- dependsontheq 6y agoUBERs total funding was 25 Billion, that might not be the best example but funding on this scale is not possible in Europe. The core limit is the market size (every EU market needs specific teams) and the funding.