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The closest thing Europe has to Silicon Valley is probably Sweden's Stockholm region, but it is nowhere near as close. To be fair the tech companies that ARE in
by DanielHB 3y ago
The closest thing Europe has to Silicon Valley is probably Sweden's Stockholm region, but it is nowhere near as close. To be fair the tech companies that ARE in Europe are more spread out across the country instead of being all concentrated in a single region. It is probably part of the reason why Europe didn't create any Big Tech company.
- deleted 3y ago[deleted]
- rightbyte 3y agoSV is about venture capital availability. There is no such thing in Europe even close to SV. You need to print the paper that runs trade to have that kind of money to throw around.
- DanielHB 3y agothere is VC money in Europe, especially in Stockholm and Berlin. But it is pittance compared to the VC money in silicon valley > You need to print the paper that runs trade to have that kind of money to throw around. I see what you are getting at, but I am not quite sure it is correct. The money that fuels silicon valley VC mostly come from big financial institutions who are backed by investments, mostly pension funds and real state mortgages. Not by petro-dollar fuelled subsidies from government. Although this could have been what triggered the valley to grow so fast in the 70s and what we see today is just a consequence. I believe that this is also the reason why the VC money in the US is so concentrated in a single location and so dispersed in Europe. Capital flows freely in the US while in Europe capital movement was a lot more constrained historically due to different currencies and fiscal policies. I suspect that this is the same reason why tech in China is all in Shenzen But I am not familiar enough with the economics of the valley so I could be wrong on my thinking.
- RamblingCTO 3y agoThere's a big bias ITT. It's not Estonia, it's not Stockholm. If at all it's Berlin or London or Amsterdam.
- lnxg33k1 3y agoLondon only, Berlin has just rocket internet and a couple of startups that came out of it, and Amsterdam.. lol
- RamblingCTO 3y agoBerlin still is one of the biggest places when it comes to VC money, like it or not. I don't like it as well.
- lnxg33k1 3y agoYeah but it's still less than half the amount of VC money of London, and Amsterdam is slightly higher than half of the VC money of Berlin, it's like 2bnGBP, 900mEUR, 650mEUR, as far as I remember
- RamblingCTO 3y agoWell, we have to make due with what we have haha. The comparison between SV and Europe is baseless anyway