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> "Principle #4: We must also protect small businesses and innovation. We know that in Europe, investments in startups are down more than 40% since their data p
by lottospm 5y ago
> "Principle #4: We must also protect small businesses and innovation. We know that in Europe, investments in startups are down more than 40% since their data protection and privacy law—the General Data Protection Regulation—went into effect. We must guard against a similar situation here. We want small businesses hiring coders and engineers, not lawyers."
I can't find it, but I remember just seeing a headline on HN that European startup investments were at an all-time high. First relevant search hits were [1], [2], I did not fact-check those.
[1] https://news.crunchbase.com/news/european-vc-funding-h1-2021/ https://news.crunchbase.com/news/european-vc-funding-h1-2021...
[2] https://www.cnbc.com/2021/06/18/european-start-up-investment-smashes-2020-record-in-first-six-months.html https://www.cnbc.com/2021/06/18/european-start-up-investment...
- outside1234 5y agoYou are probably right. One of the "go-to moves" of the Republicans is to find some bad thing that happened in Europe and claim we "don't want that!" even if takes quoting a small three week window in August when "investments were down 40%" because everyone was on vacation.
- leereeves 5y agoStrangely, the largest (by far) European IPO cited in the first link is UiPath, whose HQ is in New York, NY (according to the article). https://2utfff4d3dkt3biit53nsvep-wpengine.netdna-ssl.com/wp-content/uploads/2021/07/2021Q2_Europe_IPO-1536x827.jpg https://2utfff4d3dkt3biit53nsvep-wpengine.netdna-ssl.com/wp-...
- sofixa 5y agoSadly many European companies open offices, move HQs and eventually IPO in the US, due to much more abundant funding. O