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How can they compete with well capitalized start ups?
And I agree, there's probably a market for reliable, local services for some services. In the same way there is desktop SW from companies you never heard about (and far smaller than Amazon) doing things you never imagined were a problem
I kept waiting for the post to mention the German company who make Things.app (culturedcode.com). It seems like a good example of the ethos.
This is absolute nonsense. Using buzzwords can not replace reasoning. There are structural problems why germany failed to build a digital economy.
How can they compete with well capitalized start ups?
I think the idea would be to compete in different segments. Startups often focus on problems where hypergrowth is at least possible with massive investments. But the examples listed in the article advocate for ideas that might generate millions but not billions in revenue. Some of the ideas the author is proposing are already happening in Germany. There are grants to develop games for instance which pay you a monthly…
I've done the math for a document segmentation pipeline that every RAG system needs and you'd be able to get one off the ground for around $2,000,000 USD and be rolling in cash instantly. Good speaker diarization is another family of models that will print money once solved, but again, there isn't the possibility for hyper scale.
Meanwhile at least a dozen companies I've spoken to have wasted on the order of $10,000,000 trying to solve these problems in house and failed.
This is absolute nonsense. Using buzzwords can not replace reasoning. There are structural problems why germany failed to build a digital economy.
I realized a few weeks ago how broken IT in Germany is when I talked to a guy who turned out the CIO of a known German retail company. We did not talk about technology, exciting projects, ideas or similar, but about the complexity of the privacy act and "Scheinselbständigkeit" (false self-employment, which is a huge issue for start-ups and self-employed people in Germany). Out brains are so busy thinking about stuff…
Can you provide more details about this? How is this a problem and why does it affect startups?
I didn’t find this article credible. It is arguing for small and medium businesses instead of startups, and offers steps to see the vision it paints. But startups are where some of the biggest game changing ideas come from. Large enterprises can sometimes do that too. I feel like the mid sized companies are often stagnant. The product areas it suggests for businesses are very hard to survive in. These other lines sor…
They want durabilty and reliabilty.
For start Germany needs better internet connectivity. Getting 1gbps symmetric fiber or 5G coverage is a scifi! Even Romania has better infrastructure!
Earlier quoted context omitted.
Try opening a business in Germany to find out why.
I did, it was super easy.
In Australia, Canada and the US I can open a company in about 30 minutes from picking the name to opening a bank account I can get money into.
In Germany the last time I tried it was about 7 weeks.
For start Germany needs better internet connectivity. Getting 1gbps symmetric fiber or 5G coverage is a scifi! Even Romania has better infrastructure!
…which currently impossible capabilities, businesses, applications does the allegedly missing fast internet allow?