Economic Impact of Cloud Computing
|May 18, 2012||Posted by admin||
New Source of Bottom-up Financing
I believe that something is missing in the equation
cloud + entrepreneurs = business + job creation.
Although cloud models significantly reduce barriers of entry, you still have to pay for what you use.
Europe, and Germany in particular, is a great place to start a business (for many reasons). Unfortunately, venture capital is not an integral part of the European culture (compared to the United States). This is whatâ€™s missing: sources of (micro-)financing. Maybe platforms like growvc can fill the gap. However, there are good reasons why EU-based micro-finance and VC initiatives could be more successful; they would have a better understanding of consumers, laws and regulations, better access to institutions, et cetera. This would make the equation complete: