"Because of onerous regulations, the EU has much less startups". That old trope.
replyIs that also the reason Miami or St. Louis have less startups?
I have started companies in the UK. The process is about the same as in the USA. The problem in Europe is that there is a lot less VC capital. Just like in Miami. It had nothing to do with regulation.
I generally agree with you message but the UK isn’t the EU anymore, and starting a company in Germany, France is definitely more expensive and involved than in the UK or the US. Regulation also has a responsibility, but not in the way people on HN generally think. The EU single market is messy, lots of things haven’t actually been consolidated, you have to take in account all the differences between each member state regulations if you want to get access to the whole EU. And if not you’re limited to mostly one region.
If the EU can complete the single market we should be in a way better position to compete.
replyI really hope we can see The 28th Regime[0] becomes reality soon, that would be such an improvement
[0]: https://www.europarl.europa.eu/thinktank/en/document/EPRS_BR...
One reason there's less VC capital because they don't control the world reserve currency like the US does, so they can't just print money and export inflation. Thankfully the current US leadership is intent on resolving this discrepancy.
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