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Because America has the best private capital and startup ecosystem in the world it has a good chance of picking the big winners. There is no corresponding Europ
by tmnvdb 2y ago
Because America has the best private capital and startup ecosystem in the world it has a good chance of picking the big winners. There is no corresponding European ecosystem, only a bunch of small national ones. In fact, European investors are not betting on EU startups because they are unlikely to be able to scale to beat US and Chinese competitors due to lack of market and capital market scale.
- Cumpiler69 2y agoEurope has lower cost of living and lower wages so EU Investors don't need US levels of money to compete.
- tmnvdb 2y agoDevelopers are cheaper but not a lot, and regulatory costs are higher - the difference in the end in not huge. Plus: if you want to win a global market you need global talent at global wages. You need a lot of private capital and Europe does not have any.
- machiaweliczny 2y agoEU has enough capital it just works on US market cause there no unified capital market in EU. If Trump hits EU with tariffs I hope this changes.
- tmnvdb 2y agoYou're right, the EU does have a lot of capital, but its not made available to European business.
- Cumpiler69 2y agoIt IS available to businesses, but only to those with the correct political connections.