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> There are few unicorns in Europe I don't think that unicorns, which tend to have a quasi-monopolistic position in their market segment, are healthy for socie
by insane_dreamer 2y ago
> There are few unicorns in Europe
I don't think that unicorns, which tend to have a quasi-monopolistic position in their market segment, are healthy for society, or even for the economy (in the long run), vs many smaller companies.
So I see this as a good thing. The problem is that the draw of unicorns in the US does create a brain drain for those attracted by the prospect of becoming rich.
It's quite difficult to become rich in Europe, compared to the US. It's mostly "old money" that's passed down. But you can be successful and comfortable. Is it important to be "rich"?