Europe's leading tech founders and investors are calling for a Europe-wide initiative to make startups more competitive.
The European tech landscape has grown dramatically in recent years, with funding totals and the number of unicorn startups hitting new records. But more can be done to turn these firms into global giants competitive with startups in the US and China.
The picture is different in Europe, where the rules around how much stock employees can be awarded, and how that's taxed vary country by country."The reality is that there is still a lot of discrepancy between markets in Europe," Martin Mignot, partner at Index Ventures, told Insider."Talent is biggest leverage to help startups to compete against big companies but there are massive stock option variations between countries.
He is one of the many tech CEOs in Europe to sign up to the Not Optional pledge in a bid to make the wealth generated by high growth businesses fairer. "It's natural selection that some talented people will want security in a job and work in a company for 40 years and others will want to work in a fast paced, high-growth environment," he added."But when you are in between it's hard to take a risk working at a startup when you will be paid a lower salary if you can't incentivize talent with shares."
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