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Domestic market size is also a huge factor. The market in Ireland and indeed many other countries is simply too small for a startup like Stripe to be viable. It
by kirian 14y ago
Domestic market size is also a huge factor. The market in Ireland and indeed many other countries is simply too small for a startup like Stripe to be viable. It would have to target international markets/the US from the get go with all the complications (regulatory and otherwise) that go with that.
- DVassallo 14y agoThe domestic market of any company in the European Union is, in theory, the entire EU population: ~503 million people[1]. [1] http://en.wikipedia.org/wiki/European_Union http://en.wikipedia.org/wiki/European_Union
- kirian 14y agoIn theory yes but not really in practice. The market is not nearly as integrated as the US market, still regulatory differences, language differences, cultural differences.