πŸš€ Europe, it’s time to scale.

We are introducing EU Inc.:
πŸ”Έ Start a company in less than 48 hours
πŸ”Έ Fully online and borderless
πŸ”Έ No minimum capital requirement

To compete globally, Europe needs speed, scale, and strength.

This is how we get there.

Find out more: https://link.europa.eu/98NtPw

@EUCommission This seems like the type of thing that makes it easier to start pointless ventures where we can only hope the thoughtlessness doesn't cause too much harm. We don't need founders, we need thoughtful leaders making long-term decisions.
@munin @EUCommission I understand that LARPing the 'murican vernacular is cringe, most people working in EU institutions come from cringe Atlanticist countries that would even now be happy to be the 51st American state. But do you think Europeans will magically stop sinking billions into American-controlled tech overnight? What's your alternative plan to unhook our Union from dependency on their tech?
@Veza85UE @EUCommission It will not stop overnight, which is why I think our decisions must be focused on the long term. When we buy (either with our money or through our time using it) technology, our leaders should consider the long term effects and costs of both the technology itself and where it comes from. Absolutely, people with good ideas in Europe should be able to make those ideas happen. But making a worthwhile idea happen is not about speed.
@munin @EUCommission What is it about then? Because the EUropean tech bros pushing for this measure absolutely do not want to deal with 27 registrars and the thicket of BS national regulations that give them a fragmented market in which they cannot develop products at scale and can thus not compete with American tech.
@Veza85UE @EUCommission I don't really know enough about the specifics of the different countries to comment on that part of it. And hey, maybe having an EU-wide structure for making companies is a great thing. It just seems to me that being able to start a company with next to no friction is not conducive to people being thoughtful when building a company or a product. I don't want a "fail fast" mentality building our infrastructure or even our social media.
@munin @EUCommission That's what you already have. Except a handful of us here, every single government in the EU communicates with journalists (it's their self-sustaining loop) via American fascist tech bro-owned platforms. I don't think EUropean tech bros are much better (though some have better education behind them), but unless you plan on nuking the internet in all 27 EU member statelets or put them in reeducation camps, what's the alternative?
@munin @EUCommission Also, I'm not sure I understand the pro-πŸ‡ͺπŸ‡Ί market fragmentation take here. What's the argument? Does passing through multiple hoops of paperwork that make your product late and more expensive build character?
@Veza85UE @EUCommission It seems like you are adding things to my take. "Start a company with no capital in less than 48 hours all online" and "EU needs founders" is what I disagree with. Beyond that, I don't know enough to comment.

@munin @EUCommission I can understand the lofty academic debate type argument behind "the EU does NOT need founders", one can agree or disagree, but at least it's a take that makes sense to me. What I'm struggling with is this one: "Start a company with no capital in less than 48 hours all online"

EU Inc. is geared towards online companies. I mean sure, the internet is fake and capital is fake and money as a concept is fake, but again, what is the benefit of NOT being able to do it in 48h?

@Veza85UE @EUCommission Maybe no benefit? I'm not sure. I'm not even sure how it currently works or what kind of approval process is in place, but I think friction is always a good place to stop and think about the big picture. If a thing isn't worth doing because you have to wait a bit, maybe we don't need it? Unfortunately, I can't offer much more than a vague disagreement with the sentiment of wanting founders to move fast.

@munin @EUCommission That's OK, if it's a vibe check then sure. :) Like I said, I don't even like these dweebs, it's annoying to have to take their side, but my ultimate vibe is: fragmentation inside the πŸ‡ͺπŸ‡Ί is Bad. So my instinct is to ask for counterarguments when it seems that someone claims it isn't and we need more of it. I understand now that it's not the case for you.

Will just add that E-stonia not only exists, but it's pretty thriving.

https://www.eesti.ee/eraisik/en/artikkel/doing-business/establishing-a-company/start-a-business-in-estonia

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