As the US and China lead in the global tech race, European founders voice concerns about the region's excessive bureaucratic regulations stifling innovation. Job van der Voort, CEO of Remote, emphasizes that many entrepreneurs believe the stringent tech regulations in Europe are a significant risk for the region's growth. This sentiment was echoed at a recent conference where leaders called for more flexible regulations. The trend of European startups moving operations to the US is on the rise, driven by a challenging business environment in Europe resulting from overregulation.
As the US and China dominate global tech, European bureaucracy is hindering innovation, compelling startups to relocate, as highlighted by industry leaders.
Job van der Voort stated, "It's stifling innovation and it's a massive risk for Europe," reinforcing a growing sentiment among European entrepreneurs.
At a recent conference, leaders urged for more flexible regulation in Europe, warning that overregulation could push more companies to move operations elsewhere.
Van der Voort believes, "It's becoming unattractive to start and maintain a business here," emphasizing the need for a shift in regulatory approach.
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