4 ms·
"startups are where some of the biggest game changing ideas come from" I think the original author's point is precisely that it's not necessary to have big, ga
by InsideOutSanta 2y ago
"startups are where some of the biggest game changing ideas come from"
I think the original author's point is precisely that it's not necessary to have big, game-changing ideas to have a working, stable economy. It may, in fact, be better to have many small companies doing small, sustainable things, than to have a few startups doing things that have a huge upside if they work out, but also a huge risk of failure.
In Western democracies, small and mid-sized companies usually make up around 99% of companies, and around 70% of jobs, but in software, there's a huge focus on FAANG-type companies and unicorn startups. It might be better for Germany to focus on building a healthy economy of small companies, rather than trying to compete with Silicon Valley.