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by bserge
2015 days ago
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OK, bear with me here. So, a US company can create a huge market for itself in the EU, but a EU company can't? Seems that language and regulations are not the barriers here. Even US companies aren't that "unified", they're hailing from a specific state (often California) and have nothing to do with the other 49. You could easily swap "California" with "Germany". Looks to me like access to capital and risk aversion are the biggest problems. Always have been. The UK is by far the best place for a startup in Europe, and I'd wager that will stay the same even after Brexit, as long as every other country has this obsession with saving cash and not investing in risky business, or any business at all. Localization is easy, getting millions for a startup is hard. And God forbid you fail, you will very likely never get any funding from anyone in the EU and will have to move to the US. Such a waste of entrepreneurs. |
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Yes, because that US company was already big in the first place thanks to its foothold in the US (a single-language market). The same thing was starting to happen with AliExpress just before the pandemic but I'm not so sure how things stand right now (politics-wise, mostly).
It's pretty hard close to impossible to become a "google" or "facebook" in the local German or French markets big enough to conquer the rest of the continent. Spotify and the rest of the similar European products have had the success that they encountered precisely because they focused on an international (i.e. English-speaking) market first.