[HN Gopher] Europe's old money mingles with tech startups
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       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".
        
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       (page generated 2020-03-07 23:00 UTC)