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I guess the european definition of a startup is different that the american one. European startup : able to buy back shares, carefully select employees, refuse
by guylhem 13y ago
I guess the european definition of a startup is different that the american one.
European startup : able to buy back shares, carefully select employees, refuse 8 digits funding because it doesn't want to go public, rent a country house so that the funders can keep working in this ambiance.
American east-cost startup : cries for funding, hires like crazy wishes to sell and go public ASAP so that the funders can no longer work.
I don't know, maybe it's partial, but these remark aside, I'd guess the european startup might be able to do this because it's profitable, which is the #1 thing. Everything else is eye candy.
- davidw 13y agoI guess making broad generalizations from one article is kind of useless.
- firlefans 13y agoThere are actually several other casual gaming startups in Hamburg e.g. Bigpoint GmbH which followed a more American model of growing as fast as possible and selling out early, so I don't think it's a German/European thing necessarily. Given one of Jimdo's competitors Wix is IPOing this year after an enormous marketing spend, it doesn't seem industry niche-specific either. (Disclosure: I work at Jimdo, feel free to ask me anything)