Europe

“Part of the interesting thing about venture in Europe Is again, that it's very diffuse, you know, in the States it's basically New York, Boston, San Francisco in reverse order. And there's a strong sort of bias against somebody who doesn't come to one of those…”

“There's that idea of growth versus profitability in Europe. We're so much more focused on profitability than we are on growth. We don't care how many employees you have or how quick you grew”

“I sometimes describe things like web summit and four years from now, it's being like gay pride. Which is to say if you live in Stanford, you don't need an event to tell you. If you grew up in Berkeley or Stanford, you don't need an event to tell you about star…”

“A mistake that most Americans have when they want to do a so-called European expansion is they think they're going into something, one market that's pretty homogenous that they're going to figure out pretty quickly. I think most people forget that it still is …”

“And then you have Europe where the markets have historically tended to be too small to create global giants. And they've also been easier for global giants to get in. And so in each country you have sort of one or two or three domestic champions that have won …”

“If you're going to do Instacart, say, You can launch in San Francisco, and then you can pick 10 more, and then 20 more, and then 10 more, and then 30 more, and you can kind of go, go out step by step by step across the country. Whereas in Europe, you couldn't …”

“The UK, the utter refusal of having ID cards and yet it's the country with the most CCTV cameras by far, I think you, if you put together all of the CCTV cameras of everyone else in Europe, the UK still has more.”

“And it was just so interesting to see the complete lack of understanding of the policies and the regulations, whether it was in Europe, Saudi Arabia, you name it. And they were just like, we're just going to do it the American way and it will stick. And you're…”

“China has a much more defined Market into itself. It's very hard to leave China. And so what that means is, yes, you have a very big market, but that's essentially your market, right? So I think every player knows from the outside, you know, rather than thinki…”

“The issue here, which is the US in a lot of industries is sort of systemically less competitive than Europe and many other developed countries particularly in broadband where Europe and most of the rest of the world had local deep on bundling, which meant ther…”

“Never before has more been done across all the different markets, including Europe, Australia, China, USA, to try and limit the power of the tech industry”

“Shein has been very good at localizing its content and giving people exactly the type of styles, whether you're based in America, whether you're in Europe, etc. So if it doesn't, I think they've done very well in not making people feel like they're buying some…”

“20 years ago, there used to be 2000 or so fabless design companies in the US and Europe. Today, there are probably 200 plus a handful of startups.”

“Europe punches way below its weight in user base and revenue and ad revenue and e-commerce, way below the kind of base, proportionate, and it always, out of the 20 years, it's always been, you know, the same.”

“Saying that, like, basically Americans are experiencing what the rest of Europe has experienced over the last 10 years of, yeah, your citizens are loving a piece, a social media app that wasn't designed by Americans for Americans with Americans in mind. yeah,…”

“And, you know, when Americans need help when they say, We just want to be in Europe. And you're like, oh, fun. What do you mean by Europe? Because that's 27 different languages, 24 different markets, now obviously 23 with the UK.”