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Get-rich-quick startups are overrated, and there isn't that much of them anyways, not ones with real staying power. The most valuable tech companies have long
by torginus 2y ago
Get-rich-quick startups are overrated, and there isn't that much of them anyways, not ones with real staying power.
The most valuable tech companies have long histories, incredibly broad, and deep technological portfolios that go much farther than 'we use the latest frameworks' and/or 'we own the most eyeballs at the moment' and dubious business models that are a combination of spending free VC money to grow and having exploitative business models.
Such companies are certainly represented, in the top 100 list, but I for one am not sad that Europe missed out on them. It's more of a problem that we don't have or NVIDIA, Apple, Intel, Samsung imo.
As for regulation, there are a bunch of US companies that got to where they are by abusing their monopolistic reach by locking out and disadvantaging potential competitors (think of the smartphone, OS and social media spaces), where the swift kick in the butt from European regulators could've come sooner.