Why is it important to create "tech giants" instead of more sustainable businesses? Giant corporations are soul sucking and rent seeking.
CEO: Europe needs tech entrepreneurs 'whose project is not to sell' to US[video]
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Re: CEO: Europe needs tech entrepreneurs 'whose project is not to sell' to US[video]
#32Anyone who has hired a team in Europe will understand the challenges this article faces
Re: CEO: Europe needs tech entrepreneurs 'whose project is not to sell' to US[video]
#33What are the conditions regarding creating and running a modern tech company in France, Germany, Spain, Italy in comparison with California - or Delaware? I mean, if European society - and particularly European governments, as "conscious" agents of that - wants to have better startup results, do they make it's easier to achieve from their side, do they see any problems with European modern approach which they can imp…
In Europe is much more bureaucracy, and much more welfare economy, and in US is more free market.
This is exact reason for European entrepreneurs, to start business in Europe, because easier to gather smart people, but, at some scale, become much more convenient to run business in US, so an some growth step, business owners have to consider US more freedom against strict EU regulations.
Re: CEO: Europe needs tech entrepreneurs 'whose project is not to sell' to US[video]
#34There is a misconception that innovation comes mainly from the private sector. Its the opposite: innovation comes from the public sector. "We pretend that the government was at best just in the background creating the basic conditions (skills, infrastructure, basic science). But the truth is that the involvement required massive risk taking along the entire innovation chain: basic research, applied research and early…
>"There is a misconception that innovation comes mainly from the private sector. Its the opposite: innovation comes from the public sector." Is there any evidence for this other than opinion pieces? Asking sincerely. I see arguments for both sides being the source of most innovation, but haven't seen real, valid, data-driven evidence. Granted, I haven't looked much. I have my own opinion, but want more evidence, for…
>"There is a misconception that innovation comes mainly from the private sector. Its the opposite: innovation comes from the public sector."
This is just logical consequence, from erroneous foundations, to be strict, from https://en.wikipedia.org/wiki/Statism
Idea, that when somebody become authoritative with power, Statists think, such people should automatically gather wisdom and Universe knowledge, to make much better decisions, than free market.
Unfortunately, in reality, authoritative with power, usually use their power for some silly things, not for people good, and usually, power are not effective. But sometimes, in very special conditions, have so obvious things to do (and these things just impossible to do on free market, like Manhattan project, or trans-American railroad), that even with very bad efficiency, just huge resources investments are enough to make huge leap.
For example, now we don't know "Manhattan project" way to achieve GAI, so even if somebody will decide to throw government resources we will not achieve GAI, will just convert resources to waste. And such things happen lot of time before, but Statists prefer to ignore such examples, they show only good examples to convince people.
Re: CEO: Europe needs tech entrepreneurs 'whose project is not to sell' to US[video]
#35Earlier quoted context omitted.
>"There is a misconception that innovation comes mainly from the private sector. Its the opposite: innovation comes from the public sector." Is there any evidence for this other than opinion pieces? Asking sincerely. I see arguments for both sides being the source of most innovation, but haven't seen real, valid, data-driven evidence. Granted, I haven't looked much. I have my own opinion, but want more evidence, for…
>"There is a misconception that innovation comes mainly from the private sector. Its the opposite: innovation comes from the public sector." This is just logical consequence, from erroneous foundations, to be strict, from https://en.wikipedia.org/wiki/Statism Idea, that when somebody become authoritative with power, Statists think, such people should automatically gather wisdom and Universe knowledge, to make much be…
To be strict, free market decision efficiency now considered at about 70% (30% of resources wasted, or one third of invested).
But authoritarian power decision efficiency, from experience of late Soviet Union, was about 5-30% (so 70-95% wasted, or from 2/3 to near all invested).
Re: CEO: Europe needs tech entrepreneurs 'whose project is not to sell' to US[video]
#36What are the conditions regarding creating and running a modern tech company in France, Germany, Spain, Italy in comparison with California - or Delaware? I mean, if European society - and particularly European governments, as "conscious" agents of that - wants to have better startup results, do they make it's easier to achieve from their side, do they see any problems with European modern approach which they can imp…
Austria here. Relatively high corporate taxes (25% on corporate profits, then 27% on distributed profits to shareholders if I remember correctly), and it's hard to give employees shares. The latter they are trying to fix now by adding a new company type called a FlexCorp which essentially works like a GmbH, but you can give out up to 25% of non-voting shares to employees in a simplified process. I don't know how attractive that is, it sounds dumb to me because I don't understand why they can't be normal shares and your company will be named Example FlexCorp instead if Example GmbH. (Doesn't sound shady at all.)
On the funding side, we have the Austria Wirtschaftsfond, which provides angel-level funding on some level, but the amounts are relatively low and there are restrictions what the money can be spent on. (E.g. only employees, which shareholder-CEOs are not in all circumstances, etc.) Basically, it's tricky and a jungle to navigate. I have never done a US startup, but from what I saw it seemed less intricate.
On the flipside, my wife and I have a GmbH and since we got over the initial unknowns, it seem relatively straight forward to actually run the company on a day-to-day basis, provided one actually makes money.