Comment by sajithdilshan
11 hours ago
I remember few years ago couple of German fintech startups reached more than 1B$ valuation. Had it been the case in US, those startups would have gone IPOs and started expanding worldwide.
However, raising capital in Europe/Germany is so hard. Still majority of the Germans don’t invest their money and just let it depreciate in their savings accounts. Because of that most startups are funded by US venture capitalists. Hope this one would be able to sustain the valuation
> Still majority of the Germans don’t invest their money and just let it depreciate in their savings accounts
Do you have a source on this? I live in Germany and most people I know either invest into stocks (safe, boring ones), invest into a house/apartment/land or similar, or are too broke to even save anything at all (most people).
That's very european. Even the ones who invest in stock mostly choose US tech stocks to get some double digit growth.
Here’s the source( https://www.statista.com/statistics/1365598/stock-ownership-...). In comparison the percentage in US is more than 65%.
You must be interacting with young people because they have started investing after Covid with neobrokers. But the real wealth is with boomer generation and they just let it rot in savings accounts. Maybe things would change once the wealth transfer from boomers to millennials happens
Why exactly is a >1B valuation necessary to expand worldwide?