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The State of European Tech 2016

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Re: The State of European Tech 2016

#11

Post by izacus »

wrong_variable wrote: post #7

(cough cringe PR cough) You could create similar optimistic charts for US, China, India, etc. The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million ) Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia. The EU also has the most unstable political and financial system globally with entire countries on the ver…

> The reason why every European developer migrates to London is to escape the craziness of the continent.

Uhh.. what? O.o In 2016?

Re: The State of European Tech 2016

#12

Post by hocuspocus »

wrong_variable wrote: post #7

(cough cringe PR cough) You could create similar optimistic charts for US, China, India, etc. The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million ) Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia. The EU also has the most unstable political and financial system globally with entire countries on the ver…

> The reason why every European developer migrates to London is to escape the craziness of the continent.

> Every European developer's final 'dream' is to work in the US tech industry - London is the second best thing to reach.

Sorry but no. I think you're delusional about tech salaries in London. And if you want to sell your soul to the finance industry, there are other places where developers make good money, without the need to live in an overcrowded city.

Re: The State of European Tech 2016

#13

Post by jmeister »

wrong_variable wrote: post #7

(cough cringe PR cough) You could create similar optimistic charts for US, China, India, etc. The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million ) Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia. The EU also has the most unstable political and financial system globally with entire countries on the ver…

Honestly I don't see this as a bad thing. It would be a tragedy if every country turned into a cut-throat capitalist place like the US.

In fact I'd go further and say it would be better if the US is like NYC of the world - a place where hyper ambitious people live for varying periods of time. Leave the rest of the world to preserve culture, produce human capital etc. and in return reap benefit from tech progress in the US.

Re: The State of European Tech 2016

#14

Post by kuschku »

jfaucett wrote: post #8
wrong_variable wrote: post #7

(cough cringe PR cough) You could create similar optimistic charts for US, China, India, etc. The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million ) Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia. The EU also has the most unstable political and financial system globally with entire countries on the ver…

Completely agree. I live in Europe, am a part of the tech scene, and am sitting in the contitental craziness you speak of in Germany. This report is largely nonsense. It talks about "top research institutions" are in Europe, neglecting the #1,#2,#4,#5, and #6 in the world are in the USA. [1] Honestly, I have no idea why an investor would want to try to tackle this nightmare of 30+ target markets, especially when you…

> It talks about "top research institutions" are in Europe, neglecting the #1,#2,#4,#5, and #6 in the world are in the USA. [1]

If you don't count any German research institutions, and only count those releasing their results in US magazines.

Sure.

If I don't count for-profit universities, and only those releasing their results in Esperanto, I can also top my own ranking.

Those rankings completely ignore that in Europe, research doesn't happen at universities - but at research groups where multiple universities come together.

Think of the Max Planck Society (Wendelstein 7-X Fusion Experiment), or the Fraunhofer Society (they brought you mp3), or the Helmholtz Society (globally leading in Marine Research).

But all that is disqualified from the rankings.

Re: The State of European Tech 2016

#15

Post by kuschku »

throwthisawayt wrote: post #6
PunchTornado wrote: post #3

why the need for bs like this in a study: I see no limits to the ambition of young Europeans. We've broken the glass ceiling etc. Looks dumb to me. Just show me the data compared to American tech.

Wait...there was a glass ceiling preventing Europeans from creating companies ?

Well, there were actual problems preventing people from creating companies.

Such as the 10'000€ minimum assets that were required for an Ltd. in Germany until a few years ago. (The problem was basically: How do you handle a company going bankrupt? The legislators said that any company should always have enough assets to cover its liabilities. Obviously not compatible with the snowball-scheme based startup scene).

Re: The State of European Tech 2016

#16

Post by TeMPOraL »

deepnotderp wrote: post #5
swampthinker wrote: post #2

Would be great if this was legible on mobile... Does anyone have a good summary?

First sentence is a great summary...

> We’re excited to share the second edition of The State of European Tech report with you.

Ah, so they are excited.

Re: The State of European Tech 2016

#17

Post by ForHackernews »

wrong_variable wrote: post #7

(cough cringe PR cough) You could create similar optimistic charts for US, China, India, etc. The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million ) Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia. The EU also has the most unstable political and financial system globally with entire countries on the ver…

As an American who recently moved to London, I agree with this. The salaries here are shockingly lower, especially considering how expensive London cost of living is. I wound up just working remotely for a SF firm, which I realize is a luxury thanks to my US passport.

Re: The State of European Tech 2016

#18

Post by coldtea »

tormeh wrote: post #10
jfaucett wrote: post #8

Earlier quoted context omitted.

Completely agree. I live in Europe, am a part of the tech scene, and am sitting in the contitental craziness you speak of in Germany. This report is largely nonsense. It talks about "top research institutions" are in Europe, neglecting the #1,#2,#4,#5, and #6 in the world are in the USA. [1] Honestly, I have no idea why an investor would want to try to tackle this nightmare of 30+ target markets, especially when you…

>Honestly, I have no idea why an investor would want to try to tackle this nightmare of 30+ target markets, especially when you have huge homogeneous markets in the USA and Asia. One would hope they would have the sense to go global. You have to to survive in most software. Where the HQ of the company is doesn't matter. I always cringe when I hear software execs talk of being a leader in their home country. Well, som…

>I always cringe when I hear software execs talk of being a leader in their home country.

Yeah, because making millions (or billions) in one's home country is cringe-worthy.

Re: The State of European Tech 2016

#19

Post by LeanderK »

tormeh wrote: post #9
wrong_variable wrote: post #7

(cough cringe PR cough) You could create similar optimistic charts for US, China, India, etc. The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million ) Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia. The EU also has the most unstable political and financial system globally with entire countries on the ver…

I agree with the broad strokes of your comment, but I have some nitpicks. I think it's culture that's holding the European tech sector back. Investors in Europe are generally very risk-averse and anything that's less than 100 years old isn't really taken seriously. It's fascinating to see how the more neophile countries pull ahead of the rest; how much financial conservatism holds the economy back. When Germans inves…

i can only comment on the german economy, but i think it's not always comparable. It's true that germany is not producing the same number and caliber of startups as silicon valley, but it's very good at supporting medium sized, specialised business in the long term (from enabling them to conduct cutting edge research though heavily distributed government research institutions to a high number of organisations that help them tackle foreign markets and opportunities). If you're not into these things it's challenging, but as a student i see the different paths and institutions helping the more german subjects like chemistry or building engineer.

Re: The State of European Tech 2016

#20

Post by tormeh »

coldtea wrote: post #18
tormeh wrote: post #10

Earlier quoted context omitted.

>Honestly, I have no idea why an investor would want to try to tackle this nightmare of 30+ target markets, especially when you have huge homogeneous markets in the USA and Asia. One would hope they would have the sense to go global. You have to to survive in most software. Where the HQ of the company is doesn't matter. I always cringe when I hear software execs talk of being a leader in their home country. Well, som…

> I always cringe when I hear software execs talk of being a leader in their home country. Yeah, because making millions (or billions) in one's home country is cringe-worthy.

It's OK, if you look at it as a cow to be milked until a multinational drives you out of business. From a business perspective there's nothing necessarily wrong with milking a cow until it runs dry, but you should have made a conscious decision to do it. The execs I'm talking about haven't.
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