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... nonsense! EU startups are not "talent" but capital limited. Boring or not, EU startups lack money to develop their product to a decent stage, grow to a sort
by pas 5y ago
... nonsense! EU startups are not "talent" but capital limited. Boring or not, EU startups lack money to develop their product to a decent stage, grow to a sort of minimum size to be taken seriously, etc.
It's not magic though. Keeping a company alive takes money. (And if it's the investors' money it's called capital.) US startups pour a really ridiculous money into growth exactly because they want to break out of this stage. And naturally that's risky.
Of course if the access to capital was a lot easier compensation would be higher too.
- varjag 5y agoThey lack money because European capital is risk averse.
- KingMachiavelli 5y agoThey could even have a similar risk tolerance but Europe just has more risks. If any one of the big US startups was based in the EU they would have been regulated a long time ago.
- varjag 5y agoSome perhaps (Uber? even that is debatable) but any one is really a stretch. Most of them would be entirely fine in Europe, just that it's not happening.