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Comment by johnnyanmac

10 days ago

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.