Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Alibaba acquires Berlin-based data Artisans for $103M

dealstreetasia.com

Post reply on HN
Print view View original

111–120 of 123 posts

Re: Alibaba acquires Berlin-based data Artisans for $103M

#111

Post by ChuckNorris89 »

ido wrote: post #97
ChuckNorris89 wrote: post #48

Earlier quoted context omitted.

That seems pretty low to me. Can you buy a house in Berlin with that income? It's almost what a dev makes in Romania and there you can buy a decent house with that income.

It is normal in Germany & even more so in the big cities like Berlin for people to rent their whole lives - there are a lot of tenants protections & rent control here that make that less risky.

So many people renting their whole lives sounds to me like in Germany most properties are owned by a privileged few and the remaining being forced to be their tennants. Does nobody see anything wrong with that? Rent control laws don't make this OK in my book.

Re: Alibaba acquires Berlin-based data Artisans for $103M

#112

Post by raverbashing »

tormeh wrote: post #100
raverbashing wrote: post #30

Earlier quoted context omitted.

> European banks are too small, and mostly national. You mean like Deutsche Bank? BNP Paribas? Santander?

Yes, like those. They are big on a European scale, but not internationally. I think Deutsche used to be pretty big, but it's been going downhill for a couple of years now.

https://www.investopedia.com/articles/investing/122315/world...

This is more up to date but it seems you're right about Deutsche Bank https://www.forbes.com/sites/antoinegara/2018/06/06/forbes-g...

Re: Alibaba acquires Berlin-based data Artisans for $103M

#114

Post by pantalaimon »

ChuckNorris89 wrote: post #111
ido wrote: post #97

Earlier quoted context omitted.

It is normal in Germany & even more so in the big cities like Berlin for people to rent their whole lives - there are a lot of tenants protections & rent control here that make that less risky.

So many people renting their whole lives sounds to me like in Germany most properties are owned by a privileged few and the remaining being forced to be their tennants. Does nobody see anything wrong with that? Rent control laws don't make this OK in my book.

Well there are indeed many people who call for expropriation now.

https://www.tagesspiegel.de/berlin/civey-umfrage-fuer-den-ta...

Re: Alibaba acquires Berlin-based data Artisans for $103M

#115

Post by bogomipz »

majidazimi wrote: post #107
bogomipz wrote: post #93

Earlier quoted context omitted.

>"the beurocratic burden in your day to day live" Could you elaborate on this? I'm genuinely curious what are some of those day to day bureaucratic burdens?

Here is an example: I'm not citizen but working as a dev. I have an old passport which doesn't have bio-metric security features. However, I have a valid residence permit card (it already has bio-metric features). Revolut app which is UK based bank accepts my residence permit in identification process without checking my passport. Just scan it via the app itself and there you go. There is literally no bank in Germany…

Ouch that is certainly frustrating and more than a little bit silly. Thanks for sharing.

Re: Alibaba acquires Berlin-based data Artisans for $103M

#116

Post by expertentipp »

ChuckNorris89 wrote: post #111
ido wrote: post #97

Earlier quoted context omitted.

It is normal in Germany & even more so in the big cities like Berlin for people to rent their whole lives - there are a lot of tenants protections & rent control here that make that less risky.

So many people renting their whole lives sounds to me like in Germany most properties are owned by a privileged few and the remaining being forced to be their tennants. Does nobody see anything wrong with that? Rent control laws don't make this OK in my book.

Yes, consolidations on the market are a thing with an additional side effect - as owning a property is professonalized it’s even more difficult and expensive for an individual to own.

Re: Alibaba acquires Berlin-based data Artisans for $103M

#117

Post by expertentipp »

ChuckNorris89 wrote: post #110
pantalaimon wrote: post #87

Earlier quoted context omitted.

Well I do…

By any chance, do you also happen to be Romanian? :)

Having talked with some Romanians, software professionals’ salaries in Romania are not far behind average German ones. They wouldn't be the first I would accuse of wage dumping (that would be Ukrainians, Russians, Bangladeshis, and Indians). It’s that everything else in Romania is shit.

Re: Alibaba acquires Berlin-based data Artisans for $103M

#118

Post by ido »

ChuckNorris89 wrote: post #111
ido wrote: post #97

Earlier quoted context omitted.

It is normal in Germany & even more so in the big cities like Berlin for people to rent their whole lives - there are a lot of tenants protections & rent control here that make that less risky.

So many people renting their whole lives sounds to me like in Germany most properties are owned by a privileged few and the remaining being forced to be their tennants. Does nobody see anything wrong with that? Rent control laws don't make this OK in my book.

If you're asking for my opinion residential real estate should be publicly owned, like hospitals, transport infrastructure, (public) schools/universities, etc.

Or at the very least the land under it should never be sold, only leased from the state.

Re: Alibaba acquires Berlin-based data Artisans for $103M

#119

Post by ChuckNorris89 »

expertentipp wrote: post #117
ChuckNorris89 wrote: post #110

Earlier quoted context omitted.

By any chance, do you also happen to be Romanian? :)

Having talked with some Romanians, software professionals’ salaries in Romania are not far behind average German ones. They wouldn't be the first I would accuse of wage dumping (that would be Ukrainians, Russians, Bangladeshis, and Indians). It’s that everything else in Romania is shit.

Except the nationalities you listed are not EU while Romanians are. Thre's plenty of things wrong with Romania starting with the corruption, but I wouldn't say everything is shit. Othwewise the local tech hubs wouldn't be full of westerners working here. I also miss the above average wages and the above average women. :) Seeing the wages in Germany vs the property prices makes me feel poor.

Re: Alibaba acquires Berlin-based data Artisans for $103M

#120

Post by eunos »

locklock wrote: post #17
jamesblonde wrote: post #11

Earlier quoted context omitted.

I agree. However, I know the Data Artisans founders personally. There like like 6 or 7 of them, and Prof Volker Merkl (main person behind the original project, Stratosphere). Then, they did two funding rounds. Nobody is coming out with near 10m euro. Half that, before tax, probably after a few years of golden handcuffs. So, my guess is 3m euro after 10+ years. Not bad, but you couldn't buy a good house in the valley…

You can certainly buy a nice house in Berlin for it though!

Really sad that you cofounded one of the most utilized stream processing engine and you can just buy a house :/
Post reply on HN