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A comment on Philips and the Death of Europe's Last Electronics Giant [video]. Parent comment

Re:Philips and the Death of Europe's Last Electronics Giant ... by p1esk on Monday March 13, 2023 @11:16AM (#35136852)
Why VCs don’t want to invest in European startups? Or are there no European startups to invest in?
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Re:Philips and the Death of Europe's Last Electronics Giant ... by manuelabeledo on Monday March 13, 2023 @11:44AM (#35137324)
There are.

Most of them move to the US, though.

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Re:Philips and the Death of Europe's Last Electronics Giant ... by pjc50 on Monday March 13, 2023 @12:24PM (#35137940)
The industry is a lot "closer" than people expect; it runs a lot more on handshakes and people going to the same parties than on cold numbers, so not only do startups have to be in the US they have to be specifically in SV.

Two decades ago at a UK chip design software startup, the founders started a US branch and migrated there for just this reason.

(The SVB bank run shows how strong the "being in the right whatsapp group message chat" is)

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