alt Hacker NewsHere you can see why it is so hard to compete as European startup with US startups - abysmal access to money. Investment of 1B USD in Europe is glorified as largest seed ever, but in USA it is another Tuesday.
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compounding_it • today at 11:14 AM
Europeans have free healthcare and retirement. They consider putting their money with long term benefits not just become CEO on Tuesday and declare bankruptcy on Wednesday.
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oceansky • today at 11:14 AM
A startup getting 1B net worth is so rare that such companies are called unicorns.
As the other commenter pointed out, this is 1B seed.
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dude250711 • today at 1:58 PM
Yes, the faster they get used to the thought that loosing a billion is not a big deal, the better.
A billion seed is not an every day event anywhere.