What It's Like Being A Tech Company In Europe

Mar 18 2008

A few days ago, Michael Arrington made his point clear in an article about what he thought of the fines the EU decided to leverage against Microsoft. He did it again when he bashed the EU technological choices. His point is that :

...the EU is not willing to let free markets determine winners and losers. The winners must be home grown, at any cost. And U.S. companies that have too much success in Europe seem to face a bleak choice - massive fines or government-backed competitors. It?s absurd. And it?s no wonder that many of the best European entrepreneurs keep coming to the U.S. to start companies.

Ludovic answered him on his blog, showing how & why Michael's post didn't stand up to scrutiny :

What I want to focus on is the last sentence that he is writing: "And it?s no wonder that many of the best European entrepreneurs keep coming to the U.S. to start companies".

First he didn't say 'Tech' entrepreneurs, but I suppose this is what he meant. Because if he didn't meant 'Tech', I don't think there is any statistics that would corroborate that statement. I still believe the 'luxury' goods companies are doing very well in Paris and Milan, that finance is doing very well in London, I'm sure we can find other examples.

What do you think about it ?