Grundig 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

Grundig 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.