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Yes, there are hardly any European companies with FAANG level profitability. Thats it.
by MrBuddyCasino 3y ago
Yes, there are hardly any European companies with FAANG level profitability. Thats it.
- tough 3y agoVC Money is US mostly too Europe-founded startups end up in delaware because of ycombinator and all the SF money that does have an apetite for high risk startups unlike europe. Here we waste billions on shady govt mandated stuff and thats' it
- KptMarchewa 3y agoNo, that's mainly lack of single consumer market, and the markets being too small to meaningfully start B2C companies.
- MrBuddyCasino 3y agoYou mean like Spotify, that started in the large and populous country of Sweden?
- woobar 3y agoGP was talking about companies with FAANG levels of profitability. Maybe we should bring up Spotify when they are profitable. [1] [1] https://www.wallstreetzen.com/stocks/us/nyse/spot/earnings https://www.wallstreetzen.com/stocks/us/nyse/spot/earnings
- MrBuddyCasino 3y agoYou got me there.
- ChuckNorris89 3y agoSpotify started from the start as a global company and had US VC money. That's however the exception from the rule.