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Because the US had nerdy hackers that wanted to build companies and make stuff that people want. Europe has nerdy hackers too, but they don't want to build com
by konschubert 4y ago
Because the US had nerdy hackers that wanted to build companies and make stuff that people want.
Europe has nerdy hackers too, but they don't want to build companies, as it is considered bad taste here.
- konschubert 4y agoSo the US got a startup economy with black jack and Angels, while Europe is trying to do innovation through corporates (think go90). Oh, and MBA copycats from Rocket Internet. (Obviously I am exaggerating)
- deleted 4y ago[deleted]
- t_mann 4y agoSo actual hard talent plus wanting to build business success is enough you think?
- konschubert 4y agoAn environment that makes it easy to start a business does help but is not strictly required.
- t_mann 4y agoSo what is it then that explains the success delta between Intel and ARM, between Apple and Grundig, between Facebook and studiVZ, if it's not necessarily the business-friendly environment?
- konschubert 4y agoGrundig was founded 1930. It wasn’t managed by Steve Jobs and Steve Wozniak, it was managed by business people. StudiVZ - Germany was too small of a market to get a global network effect going. I don’t know about the management but I’m pretty sure Facebook had better access to VCs, since VCs basically didn’t exist in Germany at that time. Which kind of is my point: Nobody wanted to start a garage startup, so there was no need for VCs.