European Startup Culture Debate

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European startup scene

CNBC

•

Technology

China’s grueling ‘996’ work culture is being debated by European startups — 7 founders and VCs on why they are resisting

Summary

Nutrition label

79% Informative

European startup founders and VCs say there's no need to embrace a culture of overwork to compete on a global stage.

The obsession with China 's 996 or Silicon Valley's 24/7 work culture emerges from a glorification of hustle culture in the startup landscape.

Tech workers in Europe told CNBC in 2021 that they're turning down job offers and rejecting interviews.

Since 2015 Europe 's tech startups have missed out on nearly $375 billion in growth-stage funding, with founders losing out on a potential $300 billion in European investments.

Founders insist that instead of increasing working hours, startups need more funding and resources to position themselves as key players in the global startup scene.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

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not offensive

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not hateful