"Know several people who have moved away": The startup scene fears that Berlin is currently losing its status as a founder metropolis due to politics
A party that wants to fight capitalism could soon be governing in the German capital. Some founders are alarmed. Others think: Politically, it's always been difficult here.
Berlin's status as a hub for startups is under threat due to concerns over the city's potential shift to the left. The Left party, which advocates for combating capitalism, emerged as the strongest force in the city's parliament with 25.7% of the vote. Some entrepreneurs, including Christian Miele, a partner at venture capital firm Headline, are worried that the party's policies, such as expropriating large property companies, could deter international investors and make it harder for startups to secure funding.
Miele says some founders have already left Berlin for cities like Hamburg or Munich, and he fears more could follow.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
