VentureBeat Comments on the German Startup Scene

VentureBeat has an outstanding summary of the current state of the German startup scene:

“Rarely are German entrepreneurs working on a grand, cutting-edge idea. More often than not, they fall into the copycat rut. Mention this to them, and they nod in agreement. They know it. They’re even copying from the French, with German designer brand company Brands4Friends copying Vente-Privee, for example."

Matt Marshall doesn’t touch on one significant source of the problem. Germany simply lacks competent industry journalists and analysts who can size up the business potential of groundbreaking ideas and help broker deals.  It’s a point which is often (and understandably) not covered in the press.

Originally posted in German by Jochen Krisch, translated by Jason Soo.

Comments

[Allan]

I don't think you should be looking to industry journalists nor analysts to size up a company's chances of success. If they could do that, they should be putting money in their judgments and become venture capitalists.

Journalists should report facts. Analysts should try to improve their analysis and stop trying to predict the future.