[HN Gopher] Europe's old money mingles with tech startups ___________________________________________________________________ Europe's old money mingles with tech startups Author : hhs Score : 9 points Date : 2020-03-07 16:00 UTC (7 hours ago) (HTM) web link (www.wsj.com) (TXT) w3m dump (www.wsj.com) | TazeTSchnitzel wrote: | > Europe has a higher proportion of fortunes controlled by heirs, | not innovators, than do the U.S. or Asia | | I wonder what they consider to be heirs? The difference can be | just one generation. | hef19898 wrote: | It even gets murkier when you consider people like Susanne | Klatten, one of the heirs of BMW. Definitely a heiress, but | then she did pretty well with what she inherited. So, | entrepreneur or heir? Or both? | bryanrasmussen wrote: | I wonder what they mean by innovators. | seemslegit wrote: | Unfortunately they tend to bring old-money sensibilities along | with them, meaningful employee equity is rare even at executive | levels in European startups. | neonate wrote: | https://archive.md/JITqe | notlukesky wrote: | It seems that the old money has finally got the angel investing | bug. It will become a flood if the returns are there or shrivel | up if not. | ChuckNorris89 wrote: | Depends. I know wealthy Europeans with inherited wealth and | most of them are putting it into real estate. | corporateslave5 wrote: | California beach real estate is about as safe as it gets. | hef19898 wrote: | I had a couple of discussions concerning that topic lately. | And the main driver behind a lit of investments seems to be | the low, or in some cases even negative, interest rates. So | everyone with enough money in the bank is looking for | investment opportunities raking in more than 1% of returns. | Which kind of lowers the bar for investment on general, also | startups loom a lot less risky than they used to. | notlukesky wrote: | I completely agree with that. The article refers to a trickle | so far of interest. It was non-existent over a decade ago. If | they get good returns that is and brag about it, then it | might be a "flood". ___________________________________________________________________ (page generated 2020-03-07 23:00 UTC)