Get the latest tech news
Founders and VCs back a pan-European C corp, but an ‘EU Inc’ has a rocky road ahead
It's become a common refrain in political discourse: Europe needs to take radical action to remain competitive. On the long list of potential reforms, one
An existing formulation dubbed ‘ Societas Europaea ’ (Europe does love its Latin) was aimed at larger companies but has failed to gain traction or any widespread usage. One of the petition’s four leaders, entrepreneur-turned-investor Andreas Klinger, is reminded of how all his first companies ended up being UK Ltds because at the time, the ability to distribute options was so tortuous in places like France or Germany. Index Ventures partner Martin Mignot told TechCrunch while he and his team are enthusiasts for EU Inc, leading this previous campaign has shown it’s a long road: “With all things lobbying, you have to be willing to go the distance and keep on applying pressure.”
Or read this on TechCrunch
