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Wolt was a show of Northern European style software/business development, and it’s why Doordash acquired them. Now that US big tech has their dirty fingers all

Wolt was a show of Northern European style software/business development, and it’s why Doordash acquired them. Now that US big tech has their dirty fingers all over Wolt, I’ll guess all that will be gone in 3 years as the bullshit starts creeping in.

MomoXenosaga 5y ago
That is the downside of free trade: foreigners can fly in and buy up all your companies. Which is exactly why China protects their tech industry like a wolf her cubs. Capitalism favours the strong.
- tuukkah 5y ago
  You can be happy when your companies are bought and you can invest in a new round of (local) startups.
  - repomies69 5y ago
    You can be even more happy if you use the money to buy a new yacht.
    - tuukkah 5y ago
      Even as a country, yes, if the yacht is bought from the local economy and fuels new maritime innovations.
  - kakoni 5y ago
    I believe in Finland you mostly invest in walls and then whats left is for few angel rounds.
    - tuukkah 5y ago
      This should correlate with how much the founders net, and buying a house after your exit happens elsewhere too. Also, some of the profits go to the institutional investors and they definitely re-invest.
      - kakoni 5y ago
        No by investing in walls I meant that in Finland typically it has been quite common that after successful exit the profits (mainly) go into property development. You start buying different kinds of real estate.
  - MomoXenosaga 5y ago
    Yes I'm sure there will be a startup rival for Google any day now...
    - tuukkah 5y ago
      I'm not sure what kind of argument you want to make: Wolt could've been the first GAFAM to come from outside of US? Finland (GDP $271 billion) should grow and host a business such as Google (revenue $183 billion)?
- hasmolo 5y ago
  and that isolationism is the most sure way to grow financially and not socially
  - adrianN 5y ago
    "Social growth" is a sufficiently fuzzy term that I'm sure that people can easily come up with definitions where isolationism is beneficial to social growth.
  - tuukkah 5y ago
    People from China are not isolated though: they can study and spend time abroad, form social connections before returning to China if they so prefer.
    - texasbigdata 5y ago
      Right, that’s why there’s a very large cultural crackdown on what can be shown, with pop stars being removed and wiped from the internet . With kids having their past times curfewed. Happy to cite, and this might be a giant rabbit hole, but I would posit there’s massive disagreement (both for and against) your statement.
      - tuukkah 5y ago
        Sure, some directions of "growing socially" are strictly prohibited in China and perhaps also for those who ever want to go (back) to China. But does some directions mean all directions in practise? I don't know.
        texasbigdata 5y ago
        First of all, their policy is much more extensive, but lets ignore because it’s not in the spirit of HN to verge so much off topic. Believing free speech is context dependent (outside of yelling fire in a movie theater) seems like a future worth avoiding no matter what the benefits are when viewed in a historical context. You can stretch the analogy and say the same thing about Iran. Sorry just not interested, we’re going to have to disagree here.
dang 5y ago
Please keep nationalistic swipes off HN, regardless of which nation you have a problem with. It reliably makes threads low-quality, leads to worse (usually much worse) from others, and is not at all what this site is supposed to be for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html p.s. in case anyone is worried: yes, we post these moderation comments regardless of country.

MomoXenosaga 5y ago

That is the downside of free trade: foreigners can fly in and buy up all your companies. Which is exactly why China protects their tech industry like a wolf her cubs. Capitalism favours the strong.

tuukkah 5y ago
You can be happy when your companies are bought and you can invest in a new round of (local) startups.
- repomies69 5y ago
  You can be even more happy if you use the money to buy a new yacht.
  - tuukkah 5y ago
    Even as a country, yes, if the yacht is bought from the local economy and fuels new maritime innovations.
- kakoni 5y ago
  I believe in Finland you mostly invest in walls and then whats left is for few angel rounds.
  - tuukkah 5y ago
    This should correlate with how much the founders net, and buying a house after your exit happens elsewhere too. Also, some of the profits go to the institutional investors and they definitely re-invest.
    - kakoni 5y ago
      No by investing in walls I meant that in Finland typically it has been quite common that after successful exit the profits (mainly) go into property development. You start buying different kinds of real estate.
- MomoXenosaga 5y ago
  Yes I'm sure there will be a startup rival for Google any day now...
  - tuukkah 5y ago
    I'm not sure what kind of argument you want to make: Wolt could've been the first GAFAM to come from outside of US? Finland (GDP $271 billion) should grow and host a business such as Google (revenue $183 billion)?
hasmolo 5y ago
and that isolationism is the most sure way to grow financially and not socially
- adrianN 5y ago
  "Social growth" is a sufficiently fuzzy term that I'm sure that people can easily come up with definitions where isolationism is beneficial to social growth.
- tuukkah 5y ago
  People from China are not isolated though: they can study and spend time abroad, form social connections before returning to China if they so prefer.
  - texasbigdata 5y ago
    Right, that’s why there’s a very large cultural crackdown on what can be shown, with pop stars being removed and wiped from the internet . With kids having their past times curfewed. Happy to cite, and this might be a giant rabbit hole, but I would posit there’s massive disagreement (both for and against) your statement.
    - tuukkah 5y ago
      Sure, some directions of "growing socially" are strictly prohibited in China and perhaps also for those who ever want to go (back) to China. But does some directions mean all directions in practise? I don't know.
      - texasbigdata 5y ago
        First of all, their policy is much more extensive, but lets ignore because it’s not in the spirit of HN to verge so much off topic. Believing free speech is context dependent (outside of yelling fire in a movie theater) seems like a future worth avoiding no matter what the benefits are when viewed in a historical context. You can stretch the analogy and say the same thing about Iran. Sorry just not interested, we’re going to have to disagree here.

dang 5y ago

Please keep nationalistic swipes off HN, regardless of which nation you have a problem with. It reliably makes threads low-quality, leads to worse (usually much worse) from others, and is not at all what this site is supposed to be for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html p.s. in case anyone is worried: yes, we post these moderation comments regardless of country.