2 ms·
They are unfortunately exceptions and will never reach proportions of US corps due to not having access to "free money" like in the US via VCs (and also crazy t
by bitL 12y ago
They are unfortunately exceptions and will never reach proportions of US corps due to not having access to "free money" like in the US via VCs (and also crazy tax rules in EU). When you talk to actual German entrepreneurs, many of them say that "first I raised all the money myself and then the bank was willing to lend me a similar amount with the money I raised as a collateral". So either you get money by political connections (which means you will be operating a China-style buddy company and not a competitive one), or you'd have to bootstrap it yourself with slow growth and high probability somebody in a more agile country with a better access to capital will copy your idea and squeeze you out etc.