Entity formation time; time and capital required to hire the first N employees; number, cost and time of licensing required before first sale can be made. Each are higher in Europe. Combine that with the multiple languages and regulators which inhibits scale and you get the present situation.
Which, I will note, is fine. It’s optimised for stability, not wealth. On the other hand, it naturally means having to choose between American and Chinese tech giants.
> Entity formation time; time and capital required to hire the first N employees; number, cost and time of licensing required before first sale can be made. Each are higher in Europe.
Which Europe? All of those can be done online with minimal effort or upfront investment in many EU countries. Do you mean Belarus?
> Combine that with the multiple languages and regulators which inhibits scale and you get the present situation.
This is true, because the EU is composed of 20+ different countries, each with different languages, cultures, histories, priorities. It's impossible to remove that boundary.
> All of those can be done online with minimal effort or upfront investment in many EU countries. Do you mean Belarus?
Each of them can be done online in most countries. All, very few. I think only Estonia comes to mind. (At least one form in that process requires visiting a notary in most of Western Europe.)
The cost of terminating an employee is also a unique risk that European firms have to capitalise for which American start-ups do not. Again, I understand why one would choose this stability. But it comes with a cost.
> It's impossible to remove that boundary
It's absolutely possible by mandating a lingua franca. But it would cause irreparable damage to those cultures, which is why the EU--sensibly, in my opinoin--has chosen to preserve them. But this is a choice and it comes with costs.
The US had an entire decade of war on cryptography that was literally required to safely transact on the internet, and yet the 90s had plenty of online store startups.
Granted the chat control issue, is unfortunate on the privacy front, however I wouldn't call it a hindrance on innovation.
IMO, often innovation happens because it is motivated to work around rules and regulations. So in many cases regulation and rules are what drives innovation. People want to hack the system and thus have to innovate. A completely hacked and open system doesn't really inspire new ideas, because the old ones just work fine already.
Can start with the number of unicorns in USA vs Europe, especially when you take population in to account https://www.failory.com/unicorns
That isn't a concrete example of a regulations that hinder innovation.
What do you think the cause is? Unwashed eggs?
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How many of those unicorns are financial black holes never expecting to turn a profit?
And the inclusion of so many cryptocurrency "unicorns" in that list is also quite telling.
So Estonia is better than the US?
> Any concrete examples you are referring to?
Entity formation time; time and capital required to hire the first N employees; number, cost and time of licensing required before first sale can be made. Each are higher in Europe. Combine that with the multiple languages and regulators which inhibits scale and you get the present situation.
Which, I will note, is fine. It’s optimised for stability, not wealth. On the other hand, it naturally means having to choose between American and Chinese tech giants.
> Entity formation time; time and capital required to hire the first N employees; number, cost and time of licensing required before first sale can be made. Each are higher in Europe.
Which Europe? All of those can be done online with minimal effort or upfront investment in many EU countries. Do you mean Belarus?
> Combine that with the multiple languages and regulators which inhibits scale and you get the present situation.
This is true, because the EU is composed of 20+ different countries, each with different languages, cultures, histories, priorities. It's impossible to remove that boundary.
> All of those can be done online with minimal effort or upfront investment in many EU countries. Do you mean Belarus?
Each of them can be done online in most countries. All, very few. I think only Estonia comes to mind. (At least one form in that process requires visiting a notary in most of Western Europe.)
The cost of terminating an employee is also a unique risk that European firms have to capitalise for which American start-ups do not. Again, I understand why one would choose this stability. But it comes with a cost.
> It's impossible to remove that boundary
It's absolutely possible by mandating a lingua franca. But it would cause irreparable damage to those cultures, which is why the EU--sensibly, in my opinoin--has chosen to preserve them. But this is a choice and it comes with costs.
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The bi annual push for chat control (key „escrow”)
The US had an entire decade of war on cryptography that was literally required to safely transact on the internet, and yet the 90s had plenty of online store startups.
Granted the chat control issue, is unfortunate on the privacy front, however I wouldn't call it a hindrance on innovation.
IMO, often innovation happens because it is motivated to work around rules and regulations. So in many cases regulation and rules are what drives innovation. People want to hack the system and thus have to innovate. A completely hacked and open system doesn't really inspire new ideas, because the old ones just work fine already.
You're talking about innovations in "working around the system." These are often orthogonal to innovations in actual tech.