Can Europe build its first trillion-dollar startup?
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Re: Can Europe build its first trillion-dollar startup?
#2Re: Can Europe build its first trillion-dollar startup?
#3Wirecard?
Re: Can Europe build its first trillion-dollar startup?
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Re: Can Europe build its first trillion-dollar startup?
#5Re: Can Europe build its first trillion-dollar startup?
#6Does "Europe" give any indication that they want trillion dollar companies?
(Also, come on, it would be a trillion euro company.)
On the contrary, I think any company that grows that big would be split into smaller companies. This makes sense to me. 100x10b euro companies, or 20x50b (∆) euro companies provides a much higher social benefit than a single behemoth, even if it doesn't make the magical GDP number go exponential. Small companies can be controlled by legislation. Huge companies do the controlling, and that way lies dystopia. Trillion dollar companies are the American dream, not the European one.
(∆) Realistically it wouldn't divide that way of course. The value of the split companies won't equal to potential single huge company, they'll be either higher or lower.
Re: Can Europe build its first trillion-dollar startup?
#7A Trillion-dollar company is not a startup. The company is over 30 years old.
Re: Can Europe build its first trillion-dollar startup?
#8Does "Europe" give any indication that they want trillion dollar companies? (Also, come on, it would be a trillion euro company.) On the contrary, I think any company that grows that big would be split into smaller companies. This makes sense to me. 100x10b euro companies, or 20x50b (∆) euro companies provides a much higher social benefit than a single behemoth, even if it doesn't make the magical GDP number go expon…
Voila! I completely agree.
Also as in my non-expert opinion, this way multiple countries within the EU/Europe (the Brits and Swiss can have a share as well) could benefit.
But then again I'm non expert. I do how ever know that the last time we had such's a wealthy companies in the 1600's it didn't do humanity lots of good ;)
Re: Can Europe build its first trillion-dollar startup?
#9Does "Europe" give any indication that they want trillion dollar companies? (Also, come on, it would be a trillion euro company.) On the contrary, I think any company that grows that big would be split into smaller companies. This makes sense to me. 100x10b euro companies, or 20x50b (∆) euro companies provides a much higher social benefit than a single behemoth, even if it doesn't make the magical GDP number go expon…
But then you don't have a company that can afford to build a 100b training cluster for example.
If that becomes the new sota you are again left behind.
Re: Can Europe build its first trillion-dollar startup?
#10I think that the European investment capital is scarce and optimized for low-risk ideas. The last time I had a look, pre-seed funding from EU funds, but also some private funds IIRC, was laughable 50-60k EUR for a single year.
How do you attract and ignite the talent to start a research with that amount of money is out of my understanding.