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It is not a tech problem, not a culture ptoblem, but a monetary one. Reserve currency status and the petrodollar gives the US accrss to unlimited consequence fr
by PeterStuer 3y ago
It is not a tech problem, not a culture ptoblem, but a monetary one. Reserve currency status and the petrodollar gives the US accrss to unlimited consequence free cash. This is why they can just treat the EU as a free research lab and buy up every promising result.
- junofan 3y agoI thought there was a big compliance burden with AIFMD. The money’s often in the Caymans. I could be way off.
- zaptheimpaler 3y agoYet China or India have tons of startups without reserve currency status.
- TheLoafOfBread 3y agoFrom my perspective as European, it is big taxes, lot of bureaucracy and sane investors (compared to VC from Silicon Valley).
- amadeuspagel 3y agoThere are many recent non-american consumer tech companies like TikTok and Telegram. It's not just that the US is a unique success in tech, it's also that the EU is a unique failure and that cannot be explained with the dollar's reserve currency status.
- AniseAbyss 3y ago[dead]