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It's a matter of locality sure. But also access. SF and NYC have easy access to startup incubators and venture capital. Do you have a great idea and looking
by VWWHFSfQ 4y ago
It's a matter of locality sure. But also access. SF and NYC have easy access to startup incubators and venture capital. Do you have a great idea and looking for an angel to give it a chance? You'll probably find it in New York or San Francisco. Pretty unlikely in Munich or Paris.
- jhugo 4y agoI realise it's maybe clear from the context of the thread, but it's worth reiterating that this is only true for unicorn-scale. There is plenty of startup capital available for good ideas in both Paris and Munich as well as many other European cities, they are just unlikely to breed unicorns.
- tluyben2 4y agoI think this is important; I am in a bunch of startup hubs in the eu/uk as technical validator and tech expert and over the last 10 years of doing that, I haven’t heard 1 team that wanted to go for unicorn growth. There is money enough here for a healthy, profit making company; just generally (Revolut as counter example) not for burning a few 100m$ to become a (loss making) unicorn.
- greenhorn123 4y agoAnd if perchance they do some US company will buy them.
- randomsearch 4y agoIt’s a cultural difference not regulation, at least according to every VC and mentor I’ve ever met who has worked in both the US and Europe. I know of American VCs who have been just as ambitious investing with U.K. startups as with American ones.