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by dagw
1380 days ago
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First look at the top N tech (and tech adjacent) companies in the US and work out their revenue pr employee. Now do the same for Europe and Korea. Second, look at how much VC money is invested into tech companies each year in the US, and compare that with Europe and Korea. A lot of US companies simply have a lot more money sloshing about, and as such can afford to pay a lot more money to attract talent, driving up the price for the whole market. So the real question is, why are European and Korean companies so bad at attracting investments and making money. |
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- Taxes
- Bureacracy
- Smaller local markets (with less purchase power and more risk averse)
- Harder access to bigger markets (US, China)
- Extremely conservative local market VCs
- US VCs are unlikely to invest in EU/Korea unless the company is incorporating in Delaware or something equivalent.
- Talent is more risk averse, tends to prefer to stick around larger MAMAA companies or emigrate rather than risk running out of runway in a startup.