Europe

“One is where the regs are just bad, and the second is where the regulations are not standardized, where places where, you know, employment law is really annoyingly different across European countries, and so if you're a ten-person startup and you employ people…”

“The ambition level is the biggest problem, I think. Like, there's fewer people that are, like, super ambitious, like, okay, this is a unique opportunity in the history of mankind, and we're here to build the best way to build software applications with AI. Ins…”

“There is much more people who've built SaaS and like startups before that you can, that have like very, very good expertise that you can hire in the U.S. And much less so in Europe.”

“If There's zero trade friction between, let's say, a country and China. More production in the fullness of time will shift to China because of those advantages. The lower cost of labor, the lower cost of capital.”

“Like, for example, a Cybertruck would not, could not work in Europe.”

“Like, the U.S. Is pretty quick at, like, seeing change happening, and then pricing in that change. In Europe, I find you know, once a company, like a company like Rolls had underperformed for so long, I guess that European mutual funds, they just kind of got i…”

“Now, I think that as our export capacity to Europe increases and our fields continue to deplete and so on, we're going to see that price rise quite a bit, but probably not next year.”

“And then over time they're going to clamp down and the, what it looks like to be compliant in Europe will probably be different, very different in five years versus today.”

“Entrepreneurs in Europe can boost tepid economies with new tools, but only if well-intentioned yet counterproductive burdens such as the EU AI Act are curtailed.”

“While the economies of the US and Europe were similarly productive in 1990, there has since been a stark divergence, with US productivity per hour works reaching 104 dollars, as compared with a plateau of something closer to 85 dollars per hour in Europe.”

“While the US invests around 0.7% of GDP in high growth firms, that figure is less than 0.3% in Europe.”

“We've been doing drone deliveries actually for a couple years now. Mostly outside of the United States. Outside of the U.S. Places like Australia you know we're gonna bring them to Europe, bring them to the United States as well.”

“Yeah, in the U.K., in Germany, in France, in a lot of European countries actually, this is more the norm than the exception, whereas in the U.S. You have, you know, maybe hundreds of different big brands that, that, that, that are strong in certain regions, bu…”