Where will we be in 10 years when it comes to startups and scaleups in Europe?
Well, let’s start by looking backwards. Where were we in 2006?
In 2006 web 2.0 was just starting. I can still remember my then boss circulating an email in late 2005 about the importance of the yet unknown site called Youtube. Startups were certainly NOT on the agenda of policy-makers. Still under the effect of the dotcom bust, I remember some senior civil servants referring to web companies as “parasites” of the telcos and the content companies, which were considered the “real companies”.
How things have changed. Today every country has a startup strategy. Politicians love to be in the middle of startuppers. So by 2026, we should expect startup issue to become dominating throughout all government policies, right?
No, I think ten years from now startups will disappear from the policy agenda. But not because of another forthcoming dotcom bust, or another disappointment with the economic impact of these companies.
Precisely for the opposite reason. Startup will not be important because the startup culture will have become pervasive. There will no longer be a distinction between incumbents and startuppers, because incumbents will incorporate the values of startups: business model experimentation, failing forward, disruption.
This is a bold statement, designed at stirring discussion. But it is also based on today’s weak signals.
At the macro level, large companies are trying to integrate the startup culture: by launching incubators, corporate venture capital, acquisitions, hackathons, self-disruption initiatives, and hosting co-working spaces. The example of how the sharing economy has disrupted strong established business model is too prominent to ignore.
At the individual level, there is no longer such thing as an “employee culture”. Firing is cheaper and easier than ever, and has happened even in the public sector during the austerity measures. Salaries are increasingly performance-related. There is widespread recognition that no job is safe. There is a fine line between a fixed post, a temporary post, a self-employed post and creating a company. It’s a continuum rather than an opposition between safety and risk.
In short, every company is changing into a startup, and every worker into an entrepreneurs.
Will we get there? Is it actually desirable to get there? What needs to be done to get there in a way that maximizes public value?
These are just some of the ideas to be discussed at the forthcoming SME Assembly, to be held in Bratislava next November 23rd-25th . But the discussion has already started in the Linkedin group. Look forward to hearing your ideas.