3 ms·
There were quite a few unicorns that (until now) quickly moved to establish a US foothold and hired some of their new C-levels there, because that's where the l
by rcarmo 2y ago
There were quite a few unicorns that (until now) quickly moved to establish a US foothold and hired some of their new C-levels there, because that's where the lobbying and money typically are.
Europe tends to have more established, "old" companies that do their own bit of innovation, and a few outliers like ASML that are crucial to many industries (besides silicon, there's pharma, media, retail, and of course a lot of manufacturing, each with their own innovation ecosystems, because many established companies have long figured out that it would be easier to sponsor local startups and then incorporate them than rebuild their orgs at random).
- pjc50 2y agoI've just realized that this describes almost half of my career: ten years at a UK startup that almost immediately set itself up with a Delaware corp and a San Francisco office, so it could eventually sell out to Cadence; then several more years at a UK university chip design spinoff that also got bought out by a US multinational. Hard to compete with the power of the dollar. I guess the Trump plan to push the value of the dollar down may finally make US acquisitions of European companies impossible and US salaries uncompetitive.