4 ms·

> There is one exception, founded in 1984 Europe clearly has many problems stimulating investments and creating a competitive environment for startups and tech

> There is one exception, founded in 1984 Europe clearly has many problems stimulating investments and creating a competitive environment for startups and tech companies. But you can't say ASML is the only one "real" tech company. What about Adyen, Spotify, Klarna, N26, Revolut, etc?

Rinzler89 2y ago
Most of those companies you mentioned aren't anywhere near as wealthy or as high market caps as US big-tech. Most of them are just payment middlemen not some innovative product nobody else can do, and Spotify survives on monopolizing and squeezing artists, not some innovative product. Kind of like Netflix except Netflix has some cutting edge streaming tech as a product not just IP licenses. ASML is the only product innovator there except their innovative EUV lightsources are licensed from Sandia labs in the US and made by Cymer in the US which ASML bought and licensed to not seel to China. So an US invention at the end of the day.
- dukeyukey 2y ago
  We aren't exclusively talking about big tech here, just tech. Companies like Monzo dominate the local markets because they executed on ideas no-one else tried before. We forgot that huge, international tech companies are pretty much an exclusive American phenomenon, they don't really exist anywhere else.
qeternity 2y ago
N26, Klarna and Revolut are not tech companies. Neobanks are still banks. And Klarna is just modern store credit cards. These have been around for decades. Adyen is very underrated, and Spotify is definitely tech. Stripe should be on the list. DeepMind at one point.
- gizmo 2y ago
  Stripe was founded in California. It's an American business that focused exclusively on the American domestic market in their first years of operation. Many tech companies in the US are founded by immigrants from Europe and elsewhere. That the Collisons chose to start their business in the States is no coincidence.
  - Rinzler89 2y ago
    Many EU start-ups choose to launch their product in the US first due to the 300+ million people market speaking only English, rather than bother with the tiny fragmented markets at home. It's just much cheaper and easier for start-ups if you're developing a SW product to sell it in the US market first and only when you've made money there, slowly bring it in the EU. Starting off SW products in the EU is suicide (unless you're targeting some niche in the local market that's safe from competitors from abroad because it ties into some local idiosyncrasies on language, culture and law).
- dukeyukey 2y ago
  Revolut is as much a tech company as Netflix or Stripe are - using modern software to fix an old problem.

Rinzler89 2y ago

Most of those companies you mentioned aren't anywhere near as wealthy or as high market caps as US big-tech. Most of them are just payment middlemen not some innovative product nobody else can do, and Spotify survives on monopolizing and squeezing artists, not some innovative product. Kind of like Netflix except Netflix has some cutting edge streaming tech as a product not just IP licenses. ASML is the only product innovator there except their innovative EUV lightsources are licensed from Sandia labs in the US and made by Cymer in the US which ASML bought and licensed to not seel to China. So an US invention at the end of the day.

dukeyukey 2y ago
We aren't exclusively talking about big tech here, just tech. Companies like Monzo dominate the local markets because they executed on ideas no-one else tried before. We forgot that huge, international tech companies are pretty much an exclusive American phenomenon, they don't really exist anywhere else.

qeternity 2y ago

N26, Klarna and Revolut are not tech companies. Neobanks are still banks. And Klarna is just modern store credit cards. These have been around for decades. Adyen is very underrated, and Spotify is definitely tech. Stripe should be on the list. DeepMind at one point.

gizmo 2y ago
Stripe was founded in California. It's an American business that focused exclusively on the American domestic market in their first years of operation. Many tech companies in the US are founded by immigrants from Europe and elsewhere. That the Collisons chose to start their business in the States is no coincidence.
- Rinzler89 2y ago
  Many EU start-ups choose to launch their product in the US first due to the 300+ million people market speaking only English, rather than bother with the tiny fragmented markets at home. It's just much cheaper and easier for start-ups if you're developing a SW product to sell it in the US market first and only when you've made money there, slowly bring it in the EU. Starting off SW products in the EU is suicide (unless you're targeting some niche in the local market that's safe from competitors from abroad because it ties into some local idiosyncrasies on language, culture and law).
dukeyukey 2y ago
Revolut is as much a tech company as Netflix or Stripe are - using modern software to fix an old problem.