Most of Europe has not yet absorbed what AI is about to do to us. The few who have are not saying it loudly enough. We wrote Europe 2031: a five-year scenario of the continent's slide into irrelevance, how AI is driving it, and what can still be done to change course.
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When intelligence is abundant, the only moat left is desire. AI: long US. AGI: long Europe -> brands + exceptional human experiences. Would love to be @Hermes_Paris rn. Really fun panel at @Zalando Partner Day with @maltekosub.
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Y‘all choose to see doom. I see opportunity 😈🫡
Some data we recently assembled on entrepreneurship/compute in Europe: eudata.vercel.app. We hope that one of the useful roles that Stripe can play is in collecting and publishing empirical data pertaining to entrepreneurship and industry in Europe. There's growing appetite to get Europe on a better footing, and cross-sectional comparisons can often shine light on where opportunities lie. If you're interested in this kind of thing, we publish more at stripeeconomics.substack.com.
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Woke up to this msg in @langdock slack: WHAT THE HECK IS THE FUTURE GOING TO LOOK LIKE? EVERY COUPLE WEEKS WE ARE GETTING MODELS THAT HAVE THE SAME QUALITY AS LATEST FRONTIER FOR X% OF THE PRICE AND IT FREAKING DOES NOT STOP, IT DOESN'T STOP, IT'S GOING ON FOR YEARS NOW, I AM IN HEAVEN!!
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Judith Dada retweeted
AI is getting cheaper more quickly than any other transformative tech in history. At a given level of performance, cost has fallen ~47%/quarter since 2023. That’s 4× faster than DNA sequencing, 6× faster than compute, 18× faster than lithium batteries, and (up to 1973) 54× faster than electricity.
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OpenAI mogging Anthropic same day not on my bingo card for today
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One for the books: delivered my very first commencement speech @CodeUniversity on Friday. Told the graduates to become unfuckwithable by radically embracing their humanity. And that, despite things looking bleak sometimes, they have every reason to fall in love with the future.
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Der *einzige* Weg nach vorne sind Innovation, Fortschritt und Wachstum. Dieses Land wird durch bloße Umverteilung genauso zugrunde gehen wie durch die Abschottung nach außen oder den permanenten Blick in die Vergangenheit. Denjenigen, die jeden Tag für Fortschritt einstehen und konsequent das Morgen aufbauen, kommt jetzt eine besondere Verantwortung zu, politisch aktiver zu werden.
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Als jemand, der zwischen Berlin und Mecklenburg-Vorpommern lebt, hab ich dieses Meme noch nie so gefühlt wie heute Abend.
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Word.
Replying to @christianmiele
Berlin kriegt weder Mauerbau noch sonst wer kaputt.
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Judith Dada retweeted
*** Merz PK: neuer Sound vom Kanzler *** Er wirbt für seine Reformen mit Positiv-Botschaft und Zielbild – das, was oft von ihm eingefordert wurde (auch von den eigenen Leuten). Merz kämpferisch: „Ich möchte, dass in unserem Land wieder das Aufstiegs- und Wohlstandsversprechen gilt. Wir brauchen dazu Veränderungen. Veränderungen kosten Kraft.“„ Wir können die Entscheidungen jetzt nicht aufschieben. Die Reformen müssen kommen. Ich übernehme diese Verantwortung.“ „D ist reformfähig. Diese Reformen sind das Mittel gegen das autoritäre Gift.“ Rückgrat, Standhaftigkeit und Geduld seien jetzt nötig.
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Trotz weiterem Zuwachs für links und rechts außen: Die Rede von @bundeskanzler gerade war spot. on. Wird nicht leicht, aber muss jetzt werden.
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Celebrating democracy today, especially in times like these. Sending love from the island of Rügen!
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Judith Dada retweeted
.@langdock Co-CEO @DadaJudith on notarisation madness in Germany: "In my life as a VC, I've spent a lot of time at notarization." "The contract is read out loud in this strange speed mumbling that the notaries do." "It's a really weird experience." "You can get a power of attorney, and then you don't actually need to be sitting there. But you still need to go to the notary to get the POA." "I'm fiercely outspoken about notarisation duties making no sense whatsoever." "I think we need EU-INC desperately for Europe. Like if EU-INC had existed, I think we would have flipped [Langdock] into an EU-INC."
Met a German founder this week and asked him if all the stories one reads about the challenges of startups in Germany are exaggerated. "No, they're understated." Proceeded to describe spending a full day having a 90-page investment contract read to him (mandatory under German law; § 13 BeurkG) by a notary that then charged €30,000. That was for his first company. His second company, needless to say, was not incorporated in Germany.
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Free healthcare. Free childcare. Berlin Spätis. Free education @TU_Muenchen @cdtm_munich Oktoberfest. Bio everything. Bikeable cities. Hidden champions in cities you have never heard of. The alps. Christmas markets. @edeka_gmbh. That grumpy neighbour who has every single tool and always helps out. Culture of remembrance. Public transport @BVG_Kampagne. @dm_drogerie. @isaraerospace @bfl_ai @HelsingAI @FlixBus and @MarvelFusion Children walking to school by themselves. Käsespätzle. @MUC_Airport. Nice parks. Our police force. BioNTech. Leitungswasser. Sprudelwasser. FKK. Good Döner. Did I mention @dm_drogerie. „It was the best of times, it was the worst of times.“ - Charles Dickens
What the hell makes you bullish on Germany? I can't find a single reason except hidden underpaid talents in Mittelstand businesses.
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To everyone pointing out that healthcare in Germany isn't free: you're right. It's only free for the people who truly can't afford it. Terrible system, really.
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Blue on blue 🇪🇺
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Hi @patrickc - Judith from @langdock here. We just crossed €50m ARR and flipped from a US Inc -> European SE. We want Germany to make starting and running companies easier (first on the list: compulsory notarization). At the same time, building a big company from here is absolutely possible and we intend to prove it. The SE is actually a good structure, but it's not an option for founders who are just starting out. That's why we are big supporters of @euinc. We're bullish on Germany - and bullish we can do even better. Both can be true at the same time. Happy to chat more.
I'm curious to read other stories from people who've scaled new businesses in Europe. (And if your experience has been positive, that's also useful to hear.) Feel free to email me: patrick@stripe.com.
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Judith Dada retweeted
I genuinely hope that this is the start of a movement! Welcome (back!) @langdock
Narrative violation: We flipped from a US Inc. → European SE. @langdock is now a European company. We believe it is not only possible, but an economic and social imperative to build one of the biggest technology companies in the world from Europe. So we are raising our ambition accordingly:
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