• by esperent on 12/2/2024, 4:39:09 AM

    Does "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.

  • by egorfine on 12/2/2024, 12:04:12 PM

    If you have even tiny a bit of experience incorporating in business-friendly jurisdictions (US, UAE, UK, etc) and you're asking yourself the very same question that is the title of that article, there is a simple way to find out.

    Try to run a venture startup in Germany.

  • by aussiegreenie on 12/2/2024, 4:46:16 AM

    A Trillion-dollar company is not a startup. The company is over 30 years old.

  • by aaraujo002 on 12/1/2024, 10:42:21 PM

  • by menaerus on 12/2/2024, 9:06:33 AM

    I 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.

  • by tim333 on 12/2/2024, 7:35:41 PM

    I'm not sure we in Europe do the advanced bits of capitalism like extracting lots of profits globally and floating for huge amounts very well. In the UK I can think of a couple of companies that could have gone big - DeepMind and ARM but they both got bought out by Google and Softbank respectively. Maybe it's a cultural thing?

  • by ashoeafoot on 12/2/2024, 12:32:14 AM

    Wirecard?