Re:22-year-old builds chips in his parents’ garage
by wowokay on Sunday January 23, 2022 @11:03AM
(#30047170)
I must be misunderstanding your comment. You are saying that younger companies in the US are becoming more wealthy and innovating more or at the same level as a few entrench EU companies that have successfully stifled the EU market ensuring they never lose there market share or have a need to innovate to complete in a free market, is that correct?
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Re:22-year-old builds chips in his parents’ garage
by Dracophoenix on Sunday January 23, 2022 @11:25AM
(#30047416)
He's saying that the various EU governments has stifled startups by offering "subsidies" (that operate more like loans) only to demand repayment for them at rate much faster than these startups are capable of building value/marketability/profit, resulting in many of them being DOA or remain limited in size until they are swallowed up by a bigger company.