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Why are there so few big, valuable tech companies from Europe?
Posted on 1/25/19 at 1:15 pm
Posted on 1/25/19 at 1:15 pm
EU population: 515 million
US population: 325 million
Of the 25 most valuable tech companies in world, ZERO are from Europe. Wouldn’t it be expected there would be at least a few from that continent? Given population and economic strength
The US has SEVEN times the number of billion dollar tech start ups.
Heard this on a financial podcast this morning. Found it surprising
US population: 325 million
Of the 25 most valuable tech companies in world, ZERO are from Europe. Wouldn’t it be expected there would be at least a few from that continent? Given population and economic strength
The US has SEVEN times the number of billion dollar tech start ups.
Heard this on a financial podcast this morning. Found it surprising
12
Posted on 1/25/19 at 1:22 pm to HailHailtoMichigan!
Personal rights, personal freedoms, lower taxation. It is the reason there has NEVER been a country with our record of innovation and progress in history. Never.
Posted on 1/25/19 at 1:22 pm to HailHailtoMichigan!
Hmmm, I guess when I think European tech companies, the only ones that really come to mind are Nokia and Skype.
Posted on 1/25/19 at 1:30 pm to HailHailtoMichigan!
The only Euros that seemed to push inovation when it came to technology, in the last century, were the germans during ww2 and we all know how that ended. Maybe that war would explain why they have fallen in that area. Asia and US have lead the way since ww2.
This post was edited on 1/25/19 at 1:32 pm
Posted on 1/25/19 at 1:32 pm to LSUBoo
I think we are 112 (Nokia). I haven't looked in a while.
Posted on 1/25/19 at 1:34 pm to HailHailtoMichigan!
Posted on 1/25/19 at 1:35 pm to HailHailtoMichigan!
Venture Capital investing in the EU pales in comparison to the U.S. That is a contributing factor.
Posted on 1/25/19 at 1:35 pm to HailHailtoMichigan!
I don't know but I can tell you that software developers in Europe make significantly less than here. Avg here is $92k vs $43k in France for instance.
Posted on 1/25/19 at 1:42 pm to HailHailtoMichigan!
quote:
Of the 25 most valuable tech companies in world, ZERO are from Europe.
1) Olivetti - Italian
2) T-Mobile - Germans (Deutsche Telekom)
3) Mojang - Sweden
4) Rovio - Finland
5) Ask Jeeves - has to be British
Posted on 1/25/19 at 1:44 pm to HailHailtoMichigan!
SAP 
With a Market Cap of $129.64 billion.
With a Market Cap of $129.64 billion.
This post was edited on 1/25/19 at 1:46 pm
Posted on 1/25/19 at 1:45 pm to MojoGuyPan
quote:
5) Ask Jeeves - has to be British
It's "Ask.com" now, and it's U.S.-based/
Posted on 1/25/19 at 1:52 pm to HailHailtoMichigan!
Also a different mindset. EU companies often value innovation over growth. Rather than maximizing margins, they spend everything above a reasonable margin on R&D - the resulting margins tend to hurt their valuation (hence fewer “big” companies).
Posted on 1/25/19 at 2:10 pm to HailHailtoMichigan!
Ive been living in Europe for a bit now, I’ll give a few reasons most of which stem from the Wars.
1) WWI & WWII killed off an incredible amount of their young people. It scarred an entire continent of people’s. Many of those who died were the biggest risk takers etc. It also made those who survived value protection (in many sorts of ways) over risk.
2) They created welfare systems that discourage risk
3) so much red tape
4) Much of the EU is still recovering from communism, and slowly building up economies. It takes a long time (so your population figures don’t tell the whole story)
5) a large amount of the population in the EU western countries are recent additions from Africa and the Middle East, and they aren’t in the tech sector by and large (skews the population statistics again)
6) much of the startup culture is created by youth, and youth in Europe has extremely high unemployment (also a huge amount of youth in Europe is African/Arab with poor education)(these numbers are hard to find because many of the countries ban asking about race in their censuses)
1) WWI & WWII killed off an incredible amount of their young people. It scarred an entire continent of people’s. Many of those who died were the biggest risk takers etc. It also made those who survived value protection (in many sorts of ways) over risk.
2) They created welfare systems that discourage risk
3) so much red tape
4) Much of the EU is still recovering from communism, and slowly building up economies. It takes a long time (so your population figures don’t tell the whole story)
5) a large amount of the population in the EU western countries are recent additions from Africa and the Middle East, and they aren’t in the tech sector by and large (skews the population statistics again)
6) much of the startup culture is created by youth, and youth in Europe has extremely high unemployment (also a huge amount of youth in Europe is African/Arab with poor education)(these numbers are hard to find because many of the countries ban asking about race in their censuses)
Posted on 1/25/19 at 2:11 pm to LCA131
quote:
Personal rights, personal freedoms, lower taxation. It is the reason there has NEVER been a country with our record of innovation and progress in history
And progressive liberals and socialist democrats are trying to end all of that and crush our country.
Posted on 1/25/19 at 2:12 pm to HailHailtoMichigan!
socialism and globalism, its really that simple
Posted on 1/25/19 at 2:15 pm to HailHailtoMichigan!
After WWII, European businesses became very risk averse as their economies were in shambles. Many of the early computer breakthroughs actually came out of europe but there was no venture capital to market these ideas and so the US companies, which had become the dominant world economy after the war, grabbed these new technologies and started spending money researching,improving and implementing them. Bell Research Lab in New Jersey was one of the drivers of developing new tech back in the 1950s through the 80s and people who worked there, which is a Who's Who of prestigious researchers and scientists including 9 nobel winners, created the tech we use today.
quote:
Researchers working at Bell Labs are credited with the development of radio astronomy, the transistor, the laser, the charge-coupled device (CCD), information theory, the Unix operating system, and the programming languages C, C++, and S. Nine Nobel Prizes have been awarded for work completed at Bell Laboratories.
Posted on 1/25/19 at 2:22 pm to FLObserver
quote:
The only Euros that seemed to push inovation when it came to technology, in the last century, were the germans during ww2 and we all know how that ended. Maybe that war would explain why they have fallen in that area. Asia and US have lead the way since ww2
You can tell when the truly ignorant give themselves away.
The amount of technological innovations and scientific research that came out of Britain alone is staggering.
This post was edited on 1/25/19 at 2:25 pm
Posted on 1/25/19 at 2:28 pm to Zappas Stache
quote:
After WWII, European businesses became very risk averse as their economies were in shambles. Many of the early computer breakthroughs actually came out of europe but there was no venture capital to market these ideas and so the US companies, which had become the dominant world economy after the war, grabbed these new technologies and started spending money researching,improving and implementing them. Bell Research Lab in New Jersey was one of the drivers of developing new tech back in the 1950s through the 80s and people who worked there, which is a Who's Who of prestigious researchers and scientists including 9 nobel winners, created the tech we use today.
We own Bell Labs now.
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