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Absolutely. This is the key point. The market is rational. European investors don't target global scale because of language/cultural barriers. And because t
by urthor 4y ago
Absolutely.
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.