There is plenty of capital (eye watering amounts in most family offices in fact) and world leading expertise in many fields across Europe. The only factor here is more risk appetite and a culture for that risk in an effort to push industry forward. Europe is incredibly risk averse and is more interested in capital preservation than growth

> Europe is incredibly risk averse and is more interested in capital preservation than growth

There exist quite a lot of people in European countries who are risk-affine, but these are not necessarily good at handling the insane amount of red tape.

Believe me: in Germany, there exist quite a lot of people who would (assuming they could, and this criminal act will never be solved) immediately love to kill the politicians who made these red tape laws, and the bureacrats that enforce them.

I can believe this. I've spoken to many European entrepreneurial types that are really struggling with the red tape handcuffs in their countries, and those are people who actually have EU citizenship and for whom the red tape is as lightweight as possible. Being a non-EU in EU is a whole other ball game.

It's sad, because Europe really has a lot going for it. It also doesn't HAVE to go the US/China route of course, but if it does it will need to make some very serious changes that go beyond just preaching about doing it from the political pulpit

They can, but OP's point is that a ban on US tech on its own will do nothing to produce a local Silicon Valley. It needs to go hand in hand with a massive push toward local entrepreneurial support, especially in places like Europe where the government exercises more control through legislation

I don’t think you really need to incentivize businesses. If people want to start a business, they’re going to start one, regardless of whatever carrot you throw in front of them. “I’d love to start a business and make a profit, but the government just isn’t giving me enough incentive!” - said nobody ever.

And "every government software contract owned by a US company is about to be up for grabs" isn't an incentive on its own?

I've been in exactly this position and it's honestly insane, assuming Europe is actually interested in promoting startup growth. It's simply not set up from a legislative position to be able to compete with the US or China

Article claims all cash but sounds like probably with vesting for retention

For applications doing extremely high rates of inserts and reads, lock free is definitely superior. In extreme latency sensitive applications like trading platforms (events processing sub 100ms) it's a requirement; locked structures cause bottlenecks at high throughput

Store owners just make out paper receipts in this case, like businesses used to do back in the day

In some isolated and probably anomalous societies sure, but greed-fueled expansion and growth is a hallmark of humanity across every single continent and at every stratum of civilizational development stretching back 10,000s of years

Agreed, this seemed inevitable. And as a bull, I don't even think we're close to the bottom for the year

So… you're not a bull then

On the Internet, nobody knows he’s actually a human

But that can't possibly be the case -- since such a simple strategy is already priced into the red.

Anything accessible to any person without days/weeks of research or insider knowledge is already priced-in. All the people rationally "buying the dip" are doing so as the price dips.

Any time you buy, you are betting on a future price against everyone else making bets. Most of those other people, who can move markets, are spending their entire lives in R&D to eek out a slightly better bet.

You're a mark if you think you can price better than them -- and they are the ones presently setting the price.

"After the 25% YoY of the last 2 years, the bubble has to burst this year", I thought to myself in Jan. It looks like keeping some cash in the wings waiting was the right move. I think we'll see a nastier crash still though