Startup Hub Is Moving to Europe From USA
The term startup and how they became real in practice and famous actually began in the USA, a place where entrepreneurship is valued way more than anywhere on the planet. The newbies in the USA, were always on the verge of creating a new business, shaping up new programs, items and they didn’t want to do this and fight with the huge guys from the very beginning when you are just taking debts from family & friends. They wanted to create a whole another scheme which is separate from the corporate world. That, later on, called “startup.”
“A startup is a company that’s in the initial business stage.”
Startups are companies or ventures that are focused around a single product or service that the founders want to bring to market. These companies typically don’t have a fully developed business model and, more importantly, lack adequate capital to move on to the next phase of business. Most of these companies are initially funded by their founders.
These are some of the definitions that we can use to describe what a startup is. In my opinion, startups created from the need of entrepreneurship by people who don’t want to just open up a business around the corner and sell chocolate bars or plates. The world is developing and we are developing with it and this is the result of many things. So, with all this development and need, it is no surprise that the entrepreneurs decided to do something, especially in the USA because people tend to open businesses more in the USA because of the opportunity. A country of 328 millions residing in it. A great business opportunity, right? That is what Americans took advantage of and became the hub for the startup world. In the early stages.
Americans developed the term startup and made it better than when they founded it. Successes came one after another and the world started to know about this and after a couple of years of research, some people outside of USA wanted to try it out, too and they also called it a startup.
You might tell yourself that startup isn’t something new. Every business which is in the initial stage of it is practically a startup. You are right but this term has coined recently and after it was, it became famous and now there are startups everywhere. In the past, people would’ve called “new”, “first stages” or things like that and there wasn’t a term for it. A term was put into it and it changed a lot in the world. But how and why the hub of startups are moving to the EU from the USA? Did USA lost its appeal to entrepreneurs or the benefits aren’t as good as they were before because of the political issues? To be honest, this might have changed throughout time but that is not the case. Right now, Europeans are trying to create their own businesses because of the recent events, and moreover, it kind of became a trend to create your own startup, both to be a part of this ecosystem and to earn a couple more bucks in addition to your paycheck. So, it became a life trend where most of the people are putting their dreams into action. It is much easier and requires less money than before.
“I skate to where the puck is going to be, not where it has been.” –Wayne Gretzy, Hockey Star
With this idea, it is easier to see why entrepreneurs are shifting to the EU nowadays. The USA has been used a lot, its milk is done, it is hardly left. But the EU has a lot more milk with their cows. Europe is a very open market with high opportunities, there isn’t just one country, there are several and this makes the market richer because every country has its own culture, own need and own ideologies that you can work on and have different types of services according to their needs, thus, generates much more money than focusing on just one culture. And since there are no borders within the EU, you can just search for the cheapest option there are and build your way from there. This is highly done by international companies such as Vodafone, Mercedes, too. With all this in mind, it is much better to create your own startup in a place besides USA, you have to milk every cow there is, and there is plenty of them.
But does this mean that startups in the USA are gonna be gone? No. No way. Not all. Never. The numbers are gonna keep going up all the time but the difference is that if the USA has 10 startups creation per day, the EU will have 25–30 (Numbers are a figure of speech). EU’s rates are gonna be higher than USA but the startup culture will be there in two of the continents for a very long time, it is not something easy to just give up.
So, what’s important here is to know that startups are becoming a very vital asset of the economy and the ecosystem of finance in most of the countries and continents. But there is gonna some difference throughout the time that the hubs of these startups are always going to change. It started in the USA and now it is moving to the EU because of more opportunities, more knowledge, an easy market and many more. Considering all this, things are going to change a lot because someday, the EU is not gonna be a hub, too, it’s gonna be somewhere else and it’s gonna change from there, too. It’s not gonna stop because people are getting more familiar with the idea of startup and creating their own both to participate in the world and to their own economy for their wallet and most of the people enjoy it besides all the economic factors. There is joy in doing something that you have dreamt for a very long time. But we have to embrace the change in the ecosystem and realize the fact that no matter where we set up, it’s not gonna stay there forever, we just have to take whatever we can and establish our brands in wherever we started with. Let the other generations figure out where the next hub gonna be after Europe. Our time is for the EU to be a hub and we can contribute it highly.
