Schrömgens: Global startup valuation gaps between tech hubs will shrink
Rolf Schrömgens · 20VC: Trivago Founder on Why Incumbents Have Lost Their Main Business Model, Why You Have To Destroy Everything Ego Related & Why Transparency Is The Key To Capital Flow · Jun 2, 2017 · at 6:09
Rolf Schrömgens, co-founder of Trivago, discusses how increasing global transparency will reduce valuation discounts for non-Silicon Valley startups.
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“Because the world is becoming more efficient, and we have more information, so I think that is something that Is a development, and in the future, I think we will see less of that.”
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More from Rolf Schrömgens
Schrömgens: Trivago eliminated corporate job titles to remove artificial power dynamics
“We don't have titles in the company because we think like title is just a very artificial manifestation of power, yeah, and you don't need that actually”
Schrömgens: Trivago replaces single-manager hierarchy with three specialized leadership roles
“We identified three different types of leaders. So we don't have one leader anymore and one clear career in one direction. We have actually three leaders.”
Schrömgens: Trivago mandates leader mobility across departments to stop empire building
“For responsibility leads now, we included a model that if you want to take more responsibility, you have to be also ruling in this situation to any time change your responsibility. So we have a model where, where you basically, we always say like you should be…”
Schrömgens: Tech market will not repeat the 1999 dot-com crash
“And I think today we are definitely in a different stage of that market. So I think there is probably less volatility today. So I would not assume that the same thing happens today again that happened 15 years ago or so, yeah?”
Schrömgens: Syndicates drive transparency but suffer from free-rider problems
“I think it's definitely one model which drives transparency, right? I would think it's not probably the most effective one. I mean, you know, I mean, you have always free rider problems in such a situation”
Schrömgens: Accelerating disruption will eliminate multi-decade corporate lifespans
“I think what we've seen in the past, I think that was only a first idea what's coming up in the next 20 years. So basically disruption will go faster and faster. So, so we will not see in the future cycles of companies like being 20, 50 or a hundred years old.”