Are you aware of any innovation or successful startups that came out of the EU in the last 5 years? How can you regulate a field you have no players in?
Define successful startups. As far as I know, there have been quite a few, but they are usually just bought out by the giant MANGA corporations.
I think what is true is that it is harder to get VC backed capital here, and hence a lot of “winner takes all” markets are won in the US. But that doesn’t mean that there is no striving startup scene in Europe, they just have different goals or measures of success than “grow a lot”.
Regulating that might even help European companies :-)
Well, you've just defined "successful" to mean rapidly growing, and by implication unconstrained by regulations.
European telecom companies are large tech companies, heavily regulated and successful. Yes, they are incumbents now. But they weren't always; at least not all of them.
Somehow your definition of success doesn't have the actual definition of success: sustainable profitable business.
It's easy to see why: all the startups loudly hailed as successful are running into billions of dollars of debt every year, but keep being propped up by unlimited investor money. In any other industry this would be a failure.
If they are not sustainable they will go bankrupt. Are you saying all those investors are dumb and just burning money for the fun of it?! That's... interesting. More gain for us consumers then - subsidized goods and services!
Itsme is one of the best apps I use on a daily basis, I understand it is starting to expand internationally, I suspect it will be extremely successful. Another good innovation is PEPPOL.
Just from what I am using personally Figma and ChatGPT come to mind. The whole AI wave has nothing this side of the pond. Now the success of these AI tools is not yet guaranteed, so maybe I am wrong.
Sorry, disqualified according to your own arbitrary rules.
And regarding AI startups there's about a bazillion of them in EU, just as in the US. Sure, ChatGPT was invented by a US company but you can't really claim that there's "nothing" in the EU. Just because you haven't heard of it doesn't mean it doesn't exist.
Yeah, well, I don't have any statistics here, it's just what I notice in my everyday life: many more startups and services coming from USA and almost none from EU. UIPath is the only one I know of, I think.
But I am happy to be proved wrong, thats why I asked in the first place.
I think what is true is that it is harder to get VC backed capital here, and hence a lot of “winner takes all” markets are won in the US. But that doesn’t mean that there is no striving startup scene in Europe, they just have different goals or measures of success than “grow a lot”.
Regulating that might even help European companies :-)