"All lists of private companies contain degrees of subjectivity and error, but the Wikipedia ranking of unicorn start-ups by value offers a peek into the future. Of the top 50 entries, 26 are Chinese and 16 are American. There are none from Europe."https://www.ft.com/content/3530f178-6e50-11e8-8863-a9bb262c5f53 …
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@patrickc what would it take for the younger Patrick to stay in Ireland and start Stripe there? I think the answer to your question is somewhere in there. The "rise of Chinese stocks" is likely offer large pricing/talent arbitrage on innovative European companies.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Absence of rapid-groth technology companies is definitely something Macron harps on a lot. Could be that their technical talent is tied up by aerospace companies or brain-drained to the US/UK. Likely the latter when it comes to entrepreneurially-minded people.
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I think it’s a combination of education, ecosystem, population and, crucially, low-reg/state-empowered home turf market; Europe, and for that matter anywhere else, is neither of these two things.
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European companies much more likely to go public at much lower valuations. China is exact opposite. Euro companies listing in Stockholm at 50-250m regularly. In the US or China they would simply stay private
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Europe miss a big internal market US and China have.
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