korrents

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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

Can a rich country still build things?under our view: Some countries have simply lost the capability, and it shows in the water and the wires

What Patrick Collison actually said

  1. Patrick Collison Co-founder and CEO of Stripe and co-founder of the Arc Institute
    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.

Added to korrents 2 Sept 2026 · How quotes work · Something wrong? Tell us

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