Re:Germans don’t do tech startups – more access to capital m...
by mk89 on Sunday September 30, 2018 @12:14PM
(#18106766)
Google made in Europe is possible, facts so far say otherwise, though. If you can mention one or two companies like that, it'd be great.
Also, some of the biggest companies in the world are European, that's true. However, they are all but software companies (except for SAP, a b2b company). In Europe we are among the best in pharmaceuticals, cars, chemicals, etc. Sadly enough, software is nothing Europe is ahead with. The reason? In my opinion the fact that software is not tangible and innovation with software is a high risk business - often not scientific or rational. You need to try it out. Go and propose something like Snapchat to a European investor. The application for me is nonsense, I myself can't still see how it works, but it's valued billions. Did it have a business plan? Maybe. However I really doubt that it was 200 pages long.
That's not something that the no-debt-at-all European mindset can deal with. I think it's partially cultural and partially historical. A sort of perfectionism that doesn't leave space to failure mixed with a world where corporations and lobbies are super protected and no matter what, they are always the winners and the way to do business.
WhatsApp took 2-3 years before it became a standard messaging app. You can't always foresee it. It just happens. Others failed. Now everyone uses WhatsApp.
Also, some of the biggest companies in the world are European, that's true. However, they are all but software companies (except for SAP, a b2b company). In Europe we are among the best in pharmaceuticals, cars, chemicals, etc. Sadly enough, software is nothing Europe is ahead with. The reason? In my opinion the fact that software is not tangible and innovation with software is a high risk business - often not scientific or rational. You need to try it out. Go and propose something like Snapchat to a European investor. The application for me is nonsense, I myself can't still see how it works, but it's valued billions. Did it have a business plan? Maybe. However I really doubt that it was 200 pages long.
That's not something that the no-debt-at-all European mindset can deal with. I think it's partially cultural and partially historical. A sort of perfectionism that doesn't leave space to failure mixed with a world where corporations and lobbies are super protected and no matter what, they are always the winners and the way to do business.
WhatsApp took 2-3 years before it became a standard messaging app. You can't always foresee it. It just happens. Others failed. Now everyone uses WhatsApp.
Ps. I am European.