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0 pointsmschuster9129d ago0 comments

> I was under impression that absolute majority of startups in US are fully funded by a (private) venture capital.

Tesla got a shitload of government funding, including a 465 million dollar loan [1]. SpaceX was effectively funded by NASA in its early days. In total, the Muskverse alone got 38 billion dollars [2]. Bezos' Blue Origin got at least 1.5 billion dollars [3].

Sure, by number most startups are fully privately funded. But that doesn't mean the US government isn't willing to help things along, at least for those well connected. And on top of that come government research grants to universities who then spin off companies and keep the profits from the spinoffs.

[1] https://finance.yahoo.com/news/elon-musk-paid-off-teslas-193...

[2] https://www.congress.gov/119/meeting/house/117956/documents/...

[3] https://thehill.com/lobbying/5113500-bottom-line-bezos-blue-...

0 pointsmschuster9129d ago0 comments

> I was under impression that absolute majority of startups in US are fully funded by a (private) venture capital.

[1] https://finance.yahoo.com/news/elon-musk-paid-off-teslas-193...

[2] https://www.congress.gov/119/meeting/house/117956/documents/...

[3] https://thehill.com/lobbying/5113500-bottom-line-bezos-blue-...

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5 comments · 2 top-level

joe_mamba29d ago· 3 in thread

>Tesla got a shitload of government funding, including a 465 million dollar loan

How much money, grants, tax-breaks, favorable loans and regulation, etc did the German, French, Italian car companies get from their local governments?

> But that doesn't mean the US government isn't willing to help things along, at least for those well connected.

As if Schroeder, Merkel, Scholz, etc didn't roll over backwards for their private industry political backers. The CEOs of VW, BMW and Daimler had those guys on speed dial.

Please, let's not pretend only the US government is helping its giants and the Europeans never.

mschuster91OP29d ago

> How much money, grants, tax-breaks, favorable loans and regulation, etc did the German, French, Italian car companies get from their local governments?

Nowhere near close to that.

joe_mamba28d ago

CoL and labor costs are also lower in EU than in US so the less money goes further

looperhacks29d ago

They didn't claim that Germany doesn't give money to companies. The claim was that Germany doesn't want to give money to start-ups.

lII1lIlI11ll29d ago

How does it compare to European states subsidizing ArianeGroup, in your opinion?

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