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Snooth User: Philip James

LOL at Europe for funding "Google Killer"

Posted by Philip James, Jun 16, 2008.

http://uk.techcrunch.com/2008/03/14/eu-taxpayers-to-fund-306m-google-rival-no-wonder-the-yanks-think-were-dumb/

Seriously? Is that how you do this?

To beat down Google's dominance in the search space the EU decided to fund some random startup with $165m to build a google killing search site.

Here's why this is lame:

1) This monumental sum of money wont even cover half the company's first 5 years of expenses
2) The startup doesnt even own the dot com domain name of their company name
3) Its not like no one else is trying to grab a piece of the lucrative search market - simply throwing some cash at it is hardly going to get the key component (the users) to switch

As the first commenter to the post pithily put it: "Seriously, someone stop these quangos. Put the money into University PHD In Maths, Physics and Chemistry and let get back to basics."

Replies

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Reply by Mark Angelillo, Jun 16, 2008.

$165 million dollars is hardly "let's just see where it goes" territory, but I'll bet they give in before too long.

"It is better to have tried to kill Google and lost than never to have tried to kill Google at all"? Hahaha.

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Reply by Rodolphe Boulanger, Jun 16, 2008.

If they are really so concerned, they'd have been better off using that money to try to ban Google like the Chinese! $100 million can buy a lot of net-nanny software.

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Reply by Chris Carpita, Jun 17, 2008.

$165 million split between 165 teams of comp-sci/biology/physics graduate students trying to start their own internet-companies could have gotten a lot more accomplished, and they could have developed something unique. This is just strategic politics; the EU doesn't want its people to rely on a US firm, so they're doing what needs to be done politically, lest it be said they did nothing.


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