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For me it is clear that they have given that much money expecting they can get back way more having access to EU bureaucracy. In the EU bureaucracy is huge and

For me it is clear that they have given that much money expecting they can get back way more having access to EU bureaucracy. In the EU bureaucracy is huge and they spend billions on taxpayer money. It really doesn't matter if those billions are wasted away or not. I have a company and I have to talk with EU politicians, most of them are clueless regarding technology, but they spend billions anyway, so you need to talk with them like they are 10 years old. It seems like they have a guy who is an specialist on just that and knows the right people.

sho_hn 3y ago
The older I get, the more I understand the value of having tech people explain themselves to non-technology people.
- raverbashing 3y ago
  This pretty much here. "Oh but non-tech people don't know the value of technology" Being condescending doesn't help much, and I bet they know a lot of things the tech people don't know or don't care about. And you might even disagree why it's not important but it is good to be aware, and not simply dismissive
user_named 3y ago
Since they didn't even bother to create a deck, it seems to me that they were promised this investment already, and making the pitch was just a formality. "Create a company and we'll give you 100m funding", is how I imagine it went. Second, seems like all six founding members are French, so this is really a French company, not a European one. Other countries will need to create their own becwof this.
boeingUH60 3y ago
> Cédric O, Former French Secretary of State for Digital Affairs. A member of the team.
rsynnott 3y ago
> In the EU bureaucracy is huge and they spend billions on taxpayer money. This is a fairly popular belief, but the EU's bureaucracy is actually pretty small. The entire EU civil service is only 40,000 people, most of them part time. Ireland is an EU country with about 1% the population of the EU, and also has about 40,000 civil servants, and 300,000 people in the wider public service. 1% of the per-capita civil servant requirements of an actual country really seems very lightweight. (The US federal civil service is 2.8m people, but this isn't a great comparison, as it handles a lot of stuff that in the EU would be the domain on national civil/public service)
- whiplash451 3y ago
  What we mean by "EU democracy" is all the medium to large-size companies that will suffer tremendous pressure from their respective governments to use an EU provider. Banks, industrial OEMs, etc. Lots of customers in perspective.

sho_hn 3y ago

The older I get, the more I understand the value of having tech people explain themselves to non-technology people.

raverbashing 3y ago
This pretty much here. "Oh but non-tech people don't know the value of technology" Being condescending doesn't help much, and I bet they know a lot of things the tech people don't know or don't care about. And you might even disagree why it's not important but it is good to be aware, and not simply dismissive

user_named 3y ago

Since they didn't even bother to create a deck, it seems to me that they were promised this investment already, and making the pitch was just a formality. "Create a company and we'll give you 100m funding", is how I imagine it went. Second, seems like all six founding members are French, so this is really a French company, not a European one. Other countries will need to create their own becwof this.

boeingUH60 3y ago

> Cédric O, Former French Secretary of State for Digital Affairs. A member of the team.

rsynnott 3y ago

> In the EU bureaucracy is huge and they spend billions on taxpayer money. This is a fairly popular belief, but the EU's bureaucracy is actually pretty small. The entire EU civil service is only 40,000 people, most of them part time. Ireland is an EU country with about 1% the population of the EU, and also has about 40,000 civil servants, and 300,000 people in the wider public service. 1% of the per-capita civil servant requirements of an actual country really seems very lightweight. (The US federal civil service is 2.8m people, but this isn't a great comparison, as it handles a lot of stuff that in the EU would be the domain on national civil/public service)

whiplash451 3y ago
What we mean by "EU democracy" is all the medium to large-size companies that will suffer tremendous pressure from their respective governments to use an EU provider. Banks, industrial OEMs, etc. Lots of customers in perspective.