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Germany Sets New Six-Month Startup Record

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11–19 of 19 posts

Re: Germany Sets New Six-Month Startup Record

#11

Earlier quoted context omitted.

HTGF?

Yes. I actually also interviewed once for a job there. Not the sharpest minds. More bureaucratic than entrepreneurial. At the time, none of the C-suite had ever run their own company. Zero international experience. Complete mediocrity.

They can't be as bad as KfW, right?

Re: Germany Sets New Six-Month Startup Record

#13
post #10

Being Germany, that means it only takes six months to properly register a startup? :)

I really hope "EU Inc." will reduce the pain in that area.

It may, but only for the incorporation step. All other pain points in Germany are yours to enjoy.

Re: Germany Sets New Six-Month Startup Record

#14

Earlier quoted context omitted.

I really hope "EU Inc." will reduce the pain in that area.

It may, but only for the incorporation step. All other pain points in Germany are yours to enjoy.

Yes, accounting/tax related stuff is still annoying. But there are a few more advantages:

* Employee share options are taxed when they sell the shares, not when issuing the option (regardless of strike price) nor when exercising it.

* Changes to the shareholder structure (e.g. raising capital) don't require visiting a notary

And I'm not sure if incorporating in a different EU country (while still looking just like a German EU Inc) would avoid some of the German pain points.

Re: Germany Sets New Six-Month Startup Record

#15
What do you think all those IT engineers who were made redundant in the last months are doing? Some of them might prefer founding a start-up to joblessness. It's not the first time that a job market crisis increases the rate of start-up registrations.

Re: Germany Sets New Six-Month Startup Record

#16

Earlier quoted context omitted.

Yes. I actually also interviewed once for a job there. Not the sharpest minds. More bureaucratic than entrepreneurial. At the time, none of the C-suite had ever run their own company. Zero international experience. Complete mediocrity.

They can't be as bad as KfW, right?

Probably the same level, but I have no experience with KfW. But I could ask a buddy.

Re: Germany Sets New Six-Month Startup Record

#18
post #3

Maybe more related to the possibility of boot strapping with random AI startups. German investors are pretty conservative.

No shit man. Their government high tech (!) VC fund rejected a high tech proposal from me (Medical devices), instead financed things like: https://www.mymuesli.com/

Austria is the same. Vienna is seriously a horrible in that regard.

Re: Germany Sets New Six-Month Startup Record

#19

Earlier quoted context omitted.

HTGF?

Yes. I actually also interviewed once for a job there. Not the sharpest minds. More bureaucratic than entrepreneurial. At the time, none of the C-suite had ever run their own company. Zero international experience. Complete mediocrity.

This deserves an article of its own, to be honest, I don't think people are aware of the incompetencies at this level. I am betting it's the same across EU.
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