Re:EU negotiators agree new rules to rein in tech giants
by drumhead on Friday March 25, 2022 @06:19AM
(#30800368)
Are you saying they'll miss out on a multi billion dollar profit opportunity because "it's not a short drive". Many VC firms have European offices, there's Zoom or a plane flight. Cross border investment is not a new or alien thing so dealing with taxes or regulation isn't something they can't cope with. So money not being available isn't a convincing reason.
Re:EU negotiators agree new rules to rein in tech giants
by mschuster91 on Friday March 25, 2022 @09:03AM
(#30801637)
> Are you saying they'll miss out on a multi billion dollar profit opportunity because "it's not a short drive".
Not "miss out" per se, rather a "prioritize companies in close proximity". There's a reason why a lot of the former startup turned unicorns are all concentrated around the Silicon Valley.
In any case at least YC does invest into European companies [1] - the key thing is you have to get far enough to have a meaningful product that VC funds can invest in, and unlike the US we don't have a lot of billionaire former founders who go around throwing a couple thousand dollars left and right for promising ideas they hear in an elevator.
[1] https://www.ycombinator.com/library?categories=Europe