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UiPath, while founded in Romania, is officially headquartered in the US (NYC) and is counted in US / NYC funding amounts. 80% of the team is not in Europe eith

UiPath, while founded in Romania, is officially headquartered in the US (NYC) and is counted in US / NYC funding amounts. 80% of the team is not in Europe either, with the entire management team in the US. So they aren't usually included in any Europe VC roundups, despite the origin of the company.

sebow 5y ago
Should not be double-counted in regarding the funding, indeed, but it still is a 'romanian company', and it's not really in the "startup phase" anymore, it actually has some long history but only post-covid became very successful. European startups that are remotely successful literally have to move to NYC(or any other US city i guess, but NYC is the preferred choice, though it may be expensive) to not die off.It's not even a joke, and it's the sad reality of living in the grandious European Union that suffocates you with bureaucracy.There have been places that became lax towards tech startups (see cz for example), but even with laws being slowly changed/ignored, the money either isn't there compared to US, and even if there is (see france, uk especially post brexit), the investing entities lean on the fact that there's more talent/square meter, so they're not really that quick to pull the trigger if they can save on some bucks.
oblio 5y ago
> 80% of the team is not in Europe either, with the entire management team in the US. Is that really the case? Their main R&D center is in Romania and it's huge. If anything, it's probably the other way around since management is the top of the pyramid, which kind of by definition, is not a lot of people.
- rexreed 5y ago
  Yes, counting the sales, marketing, solutions development, partner management, education, consulting, and other parts of the company, the vast bulk of the team are not in Romania, even though a large part (but not all) of the R&D team is there. More details here: https://craft.co/uipath https://craft.co/uipath
  - oblio 5y ago
    I'm not sure I agree with your original estimate (80% being outside of Romania, let alone 80% in the US). Checking some Romanian articles, they had 800 out of 2800 people in Romania in January 2021. On top of that, they have offices around the world, so it's very unlikely that all the other 2000 are only in the US.
    - rexreed 5y ago
      My original comment was "80% of the team is not in Europe either". I didn't say 80% in the US, and I wouldn't make that claim now. Furthermore, as per above link, Employees (est.) (Jan 2021) 2,863. Romanian employees are not 800 as claimed in that article, and closer to 600. 20% of 2863 is 572. Even 800 out of 2863 is 28%, and the actual number is less than 800. It seems we are much on the same page.
      - oblio 5y ago
        https://www.zf.ro/burse-fonduri-mutuale/cati-angajati-are-uipath-cea-mai-valoroasa-companie-pornita-din-19984619 https://www.zf.ro/burse-fonduri-mutuale/cati-angajati-are-ui... Which takes me to: https://sec.report/Document/0001193125-21-094920/#rom98556_2 https://sec.report/Document/0001193125-21-094920/#rom98556_2 > As of January 31, 2021, we had a total of 2,863 full-time employees. Of our employees, 714 were engaged in research and development. 122 full-time employees were based at our headquarters in New York, New York, and 727 full-time employees were based in Bucharest, Romania And that's from January. What are your sources? You're very confident for someone contradicting their IPO documents ;-) Plus you're moving the goalposts. I proved that more than 20% are in Romania alone (your own math says 28%), UIPath has other European offices. So it's entirely possible that around 50% of UIPath employees are in Europe. I'm too lazy to check. My point is that UIPath was started in Europe and has a strong presence in Europe. The main development center is in Europe. The top management is European. It can't be considered a purely American startup.
        908B64B197 5y ago
        > The main development center is in Europe. The top management is European. But for how long?

sebow 5y ago

Should not be double-counted in regarding the funding, indeed, but it still is a 'romanian company', and it's not really in the "startup phase" anymore, it actually has some long history but only post-covid became very successful. European startups that are remotely successful literally have to move to NYC(or any other US city i guess, but NYC is the preferred choice, though it may be expensive) to not die off.It's not even a joke, and it's the sad reality of living in the grandious European Union that suffocates you with bureaucracy.There have been places that became lax towards tech startups (see cz for example), but even with laws being slowly changed/ignored, the money either isn't there compared to US, and even if there is (see france, uk especially post brexit), the investing entities lean on the fact that there's more talent/square meter, so they're not really that quick to pull the trigger if they can save on some bucks.

oblio 5y ago

> 80% of the team is not in Europe either, with the entire management team in the US. Is that really the case? Their main R&D center is in Romania and it's huge. If anything, it's probably the other way around since management is the top of the pyramid, which kind of by definition, is not a lot of people.

rexreed 5y ago
Yes, counting the sales, marketing, solutions development, partner management, education, consulting, and other parts of the company, the vast bulk of the team are not in Romania, even though a large part (but not all) of the R&D team is there. More details here: https://craft.co/uipath https://craft.co/uipath
- oblio 5y ago
  I'm not sure I agree with your original estimate (80% being outside of Romania, let alone 80% in the US). Checking some Romanian articles, they had 800 out of 2800 people in Romania in January 2021. On top of that, they have offices around the world, so it's very unlikely that all the other 2000 are only in the US.
  - rexreed 5y ago
    My original comment was "80% of the team is not in Europe either". I didn't say 80% in the US, and I wouldn't make that claim now. Furthermore, as per above link, Employees (est.) (Jan 2021) 2,863. Romanian employees are not 800 as claimed in that article, and closer to 600. 20% of 2863 is 572. Even 800 out of 2863 is 28%, and the actual number is less than 800. It seems we are much on the same page.
    - oblio 5y ago
      https://www.zf.ro/burse-fonduri-mutuale/cati-angajati-are-uipath-cea-mai-valoroasa-companie-pornita-din-19984619 https://www.zf.ro/burse-fonduri-mutuale/cati-angajati-are-ui... Which takes me to: https://sec.report/Document/0001193125-21-094920/#rom98556_2 https://sec.report/Document/0001193125-21-094920/#rom98556_2 > As of January 31, 2021, we had a total of 2,863 full-time employees. Of our employees, 714 were engaged in research and development. 122 full-time employees were based at our headquarters in New York, New York, and 727 full-time employees were based in Bucharest, Romania And that's from January. What are your sources? You're very confident for someone contradicting their IPO documents ;-) Plus you're moving the goalposts. I proved that more than 20% are in Romania alone (your own math says 28%), UIPath has other European offices. So it's entirely possible that around 50% of UIPath employees are in Europe. I'm too lazy to check. My point is that UIPath was started in Europe and has a strong presence in Europe. The main development center is in Europe. The top management is European. It can't be considered a purely American startup.
      - 908B64B197 5y ago
        > The main development center is in Europe. The top management is European. But for how long?