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by jacquesm
2997 days ago
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Three of my friends moved in the other direction (all of them Americans by birth), one with his family in tow. Having options is good, and it is fairly easy for American entrepreneurs to move to Europe (Germany works if you have enough backing and a good plan) or back again if they decide that's what is best for them. Healthcare is definitely a factor and so is the climate but when you're young and working hard neither of those will likely move the needle much (but healthcare is a bit of a lottery in the longer term). The paranoia angle wouldn't factor in for most people, though I can see how if you are prone to that that it will affect you. If you're an entrepreneur and you wish to address the largest single market on the planet (one language, one currency) with your start-up the USA is probably the place to be if you can get in in an easy way. If not then the EU is likely your best bet but it will be substantially harder to address the EU market than the American one. You might even get a neat balance if you lived in Europe but treated your start-up like an American entity from day one. |
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Having said that, in many cases language is not that big of an issue - for example, if you're doing software as a service, or mobile apps, doing them in english, gives you access to the global market from the day one.
An interesting case is Fintech/Crypto - over there it makes a big difference where you begin, US and EU legal/financial systems being so different. In US, you have the advantage of the language uniformity, but in EU, arguably, the law is much more uniform between the countries - if you get a financial license to run in one of the countries, it allows you to operate in all of them. Also, the laws are uniform, although their execution isn't.
Where US really shines is anything physical (e.g. consumer electronics), and anything local (AirBnB, Meetup.com, and so on) - with these, people expect the service to be in their local language, but I feel it's less and less every year.