Medical doctor and software engineer. Building: https://xitter.cf/t.co/s1lA1cyZjd, https://xitter.cf/t.co/aDsUQYKnqN
Bangkok
Joined March 2010
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Let me get this straight. A manufacturer wants to bring AI software to market in Europe, and the first step is.. purchasing a PDF to get access to the regulations?
And depending on which middleman seller you choose (none of them add value), you pay a price anywhere between 24€ (Latvia) and 380€ (BSI)?
I mean, cool that Estonia and Latvia are offering this for low prices, but the whole "selling PDFs for money" business "model" should have gone away a long time ago.
Maybe we need some more EU regulation for that..
Visa and Mastercard fees were already regulated down to 0.2-0.3% by the EU, which is arguably the reason we ended up with this duopoly in the first place.
The market is simply not very attractive for new companies. Compare this with payment options in the US and Asia.
Now spending EU taxpayer money to fix an EU-created problem sounds absurd
A problem arises when entrepreneurs in a country spend all of their brain cycles on tax optimizations
This quoted post is unavailable.
Did a write-up of my own German exit tax solution. TLDR: Needed 13 tax advisors, 1.5 years, and 18.7k€.
Tax advisors shady as hell. Highlights:
You have to pay 2k€ to a notary to move your companies into a new structure. The notary is missing the right document template. You have to pay another tax advisor 1.9k€ for said document template.
After paying 1.9k€ for the template, the notary reads it out loud to you and you pay them another 2k€ for that
All of this just to retain the privilege of being able to pay taxes with the companies in Germany.
Because otherwise I wouldn't have been able to leave the country.
If ChatGPT and Reddit decide to leave the EU, there will be great EU-based alternatives to switch to.. right? Right?
We have designated ChatGPT as a Very Large Online Search Engine and Reddit and Roblox as Very Large Online Platforms under the Digital Services Act.
They now have four months to comply with additional DSA obligations.
More: link.europa.eu/8bmk3M
#DSA
ALT “Graphic with a purple background and yellow EU stars. Text reads: ‘ChatGPT, Reddit and Roblox designated under the Digital Services Act.’ The European Commission logo appears in the bottom right.”
Saying that friction doesn’t deter German founders from incorporating is completely bonkers.
Like.. if you had to donate your kidney to found a company, would *that* still be fine?
How much friction is too much friction?
The current 16 steps maybe?
eidel.io/posts/how-to-found-…
The great @patrickc isn’t wrong. But at the same time I feel like no generational company or exceptional founder ever failed because of notary meetings…
Yes, we need to work on bureaucracy. For sure. No, this is not the reason why Germany isn’t producing more world class startups.
From my pov it’s much more nuanced: first and foremost we need to upgrade our mentality: more ambitious input will mathematically produce more ambitious output. Basta.
And only then it’s about more private capital flowing into the ecosystem, talent acquisition, and generally speaking less bureaucratic burdens.
There are two types of German founders who say "overregulation doesn't matter":
1. Those completely disconnected from day-to-day operations;
2. Those with huge VC funding so profit/margins don't matter.
(Sometimes those overlap)
In contrast, founders of small and profitable companies feel the pain - they see the crazy day-to-day overhead and its costs.
"It’s underestimated how much of a difference aggression and ambition makes. I think 95% of a company's success is that.”
@torstenreil on not letting anything stop you:
“Everything else is excuses.”
“Regulation doesn't matter. Yeah sure it takes longer to start a company in Germany. Yes you have to go to a notary. Who cares?”
“It's not a problem.”
“The regulations that we are subject to as a defense company with regards to the certification qualification of our systems, export law, and a whole bunch of other things… dealing with confidentiality, classified information, is a hundred times more than what a startup has to deal with in terms of bureaucracy and you can still deal with it.”
“It still doesn't slow us down.”
“Who gives a shit? Stop making excuses.”
“I just don't like when people make excuses.”
“You just have to have a few very aggressive companies that point out that everyone else is basically mailing it in, and I think a lot of people are."
The "free" EU Wifi has cost taxpayers €110M so far.
110 Million (!) Euros for a bunch of wifi hotspots?
While every human in the EU already has mobile data?
How is this not a massive misuse of taxpayer money?
Thanks to the #Wifi4EU initiative, you can connect from over 90,000 access points all over Europe for free and enjoy high-quality WiFi in public spaces without any data tracking or ads.
Find the spot closest to you: link.europa.eu/kJtWry
#DigitalEU @digitaleu
Try it for yourself:
eidel.io/tools/german-exit-t…
Leaving Germany? Good luck surmounting the Berlin Wall of Exit Tax.