korrents

A korrentour reading

The difficulty of incorporating a company in Germany is understated rather than exaggerated, and it pushes founders to incorporate elsewhere.

Drawn from what Patrick Collison said

startups
What is a korrent?

A korrent — “current”, with a K — is our reading of what someone said: one sentence, drawn from their own words below. People put the same thought in different words; a korrent tries to name the thought they share, so that what several people mean can be set side by side, and followed as it changes.

It is an approximation, and it is ours. The quotes are theirs, word for word, and where the two differ, the quote is the fact. Read more →

What Patrick Collison actually said

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  1. PC

    Patrick Collison 29 Aug 2026

    Met a German founder this week and asked him if all the stories one reads about the challenges of startups in Germany are exaggerated. "No, they're understated." Proceeded to describe spending a full day having a 90-page investment contract read to him (mandatory under German law; § 13 BeurkG) by a notary that then charged €30,000. That was for his first company. His second company, needless to say, was not incorporated in Germany.

    @patrickc on Xx.com

First recorded here 29 Aug 2026 · How quotes work

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