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Also if that happens, success rate is way lower. You actually have to break into several markets with different languages, customer behaviors etc. US likes to
by KptMarchewa 4y ago
Also if that happens, success rate is way lower. You actually have to break into several markets with different languages, customer behaviors etc.
US likes to pretend it's states are equal to different EU countries, but "osmosis" of people in different states is way higher. Also, in contrast to US, in EU mostly lower and highest class of people migrates - the middle class usually stays in home country.
- urthor 4y agoAbsolutely. This is the key point. The market is rational. European investors don't target global scale because of language/cultural barriers. And because the US specialises, Europe competes in industries where it has a specialisation. Basic economics is at play. The US doesn't have a particularly unique or useful culture for founding businesses. It's actually an extremely poor place to do business. The US has a lingua franca, and economies of scale. That's it.
- tnel77 4y ago>>It's actually an extremely poor place to do business. Yet businesses find a way. It would seem like your statement could use further elaboration.
- yunwal 4y ago> The US has a lingua franca, and economies of scale. That's it. Seems like the elaboration is right there
- tnel77 4y agoDoesn’t seem like a bad place to do business to me. Those sound like good reasons to do business. It’s as if the original comment is jealous more than anything else.
- therealdrag0 4y agoSpotify is scaling just fine dispute not being US made. So not sure the argument works as far as tech goes.
- boeingUH60 4y agoMost of Spotify's investors were Americans though..
- KptMarchewa 4y agoSpotify directly targeted US market nearly from the beginning.