← Back to context

Comment by amelius

10 days ago

You need a pile of money first. And that works differently in the EU.

You have sovereignty of the EU and nations willing. Don’t say it will take money. Money is fake. You can do this.

Everyone’s ready. The only reason US is wealthy is those subscription fees and vendor lock in we have.

  • They will be sued by Google for illegal state aid.

    • Cool, in what court? EU court? It would be the EU doing this. Want to do business in the EU, GDPR extends to giving us the keys as well if you’re going to valet park here. Or they can go kick rocks while smart engineers in member countries build a new android. After all, a lot has changed since someone decided to bolt Java onto a Linux kernel.

      2 replies →

how does a pile of money work in the EU?

  • In the US due to various historical economic factors there's a lot more money going around. Basically the EU has to ship $100 of steel to America to get $100, while America can just print it. America has been printing money and giving it to the rich for a long time, resulting in the American rich having relatively huge piles of money and not enough to spend it on, resulting in highly speculative things getting funding, i.e. venture capital.

    There isn't really venture capital like that in Europe. Your business has to bootstrap. There are big businesses that could fund big ideas but they are big because they do one thing well - a company like Airbus isn't going to branch out and build an AWS.

  • Investors want a realistic plan to make money, they will hardly fund anything without a clear strategy on how to make money.