norwegianwhale
Joined 6 years ago
Joined 6 years ago
(a.1) it bootstraps / gets venture capital
(a.2) Leaves after 2 years for the US / gets acquired and the fiscal headquarter moves to Delaware (Stripe)
(b) Gets absorbed by an old blue chip, like Siemens, Telefonica, and dies a slow death.
(c) Becomes highly stymied by bureaucracy, and the initial momentum wanes without winning much market share (Zalando, Deliveroo, Idealista).
It's called the market of lemons problem. Only the least productive projects want to have their hands tied and financed by the government.
They could start here. Why Facebook, Google, Amazon don't open massive headquarters in Paris, Madrid, Rome or Berlin, and they rather stick to UK and Switzerland?
Also software managers won't move to Europe for the same reasons. European politicians have the upper hand and the last word in negotiations.
Amazon, Google, Microsoft, Netflix, IBM, list goes on, weren't envisaged by a 60 year old bureaucrat sitting in Brussels or Washington.
They were created by ambitious young men looking to shape the world in their own way.
[Edit] I mean I don't know why I waste the time arguing with useless commies online.
They have a long history of failures and disappointments and still stick to this emotional garbage ideas, at this point it's not something I can fix since I am not a psychologist.
It's kind of amusing that HN has such slanted audience, given that startup funding is the biggest exponent of hypercapitalism.
By which upper middle class kids get a free year of holidays abroad at the taxpayer's expense. No results expected.
Finishing studies, getting a job and family formation can be postponed to early thirties.
Our young generations are having so much success in the job market, housing, and family wise.