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Why do you need public funding and risk, though? Business culture in Germany is very different than e.g. in the US. So called "Mittelstand" is what the German
by martin_a 3y ago
Why do you need public funding and risk, though? Business culture in Germany is very different than e.g. in the US.
So called "Mittelstand" is what the German economy is build on. These are stable companies, often lead by families in the nth generation, concentrating on making good products. Most of these companies are the result of somebody (or some friends) being good at something, starting in his shed and scaling that operation up over time.
Aiming for that unicorn/public funding/VC money is just plain stupid. At least it's rich people money that's usually getting burned there.
- ant6n 3y ago>> Most of these companies are the result of somebody (or some friends) being good at something, starting in his shed and scaling that operation up over time. You’re using the wrong tense here. Germany used to be a bit more innovative, the „Mittelstand“ is a leftover of that. Innovation and impact require risk.
- FirmwareBurner 3y ago>These are stable companies, often lead by families in the nth generation, concentrating on making good products. Most of these companies are the result of somebody (or some friends) being good at something, starting in his shed and scaling that operation up over time. ...on inherited wealth from WW2 salve labor and war profiteering[1]. [1] https://www.youtube.com/watch?v=-WX5zOdMprc https://www.youtube.com/watch?v=-WX5zOdMprc
- martin_a 3y agoSome of them, yes.