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Comment by tester756 | Hacker News Reader

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tester756·

Go ahead and bet your money on that

If your prediction happens, then EU based startups/companies that'll fill the void will booom.

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I like Europe, but a climate for entrepreneurship is not something you have.

That's irrelevant imo.

If FAANG announced leaving EU, then somebody's stock would go up hard, at least on the beginning.

And productivity would falter even more without Google and Apple…

Why? There are various search engines that perform sufficiently well, all ran by start-up (Neeva, Kagi etc.).

Android is a suitable alternative for iOS.

The absence of European tech giants might reflect the consolidated nature of software rather than the competence of the EU.

The world's third largest tech sector is in a European country (the UK), and the two country's bigger than it are literally continent-scale superstates with around 10x the GDP.

The EU is set up to regulate already giant companies, which means it's not possible to create new ones because they can't afford the regulatory risk. (Mostly because the regulations are intended to troll American companies, not to do anything useful.)

And there isn't sufficient venture capital to build up new ones either. Maybe they can all adopt Yandex and VK.

>Mostly because the regulations are intended to troll American companies

Which one?

Why do you think that there are 0 (zero) EU tech companies that have "boomed"?

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