Emmanuel Fredenrich

$100m+ of consumer product sales generated since 2016. Founder & consultant with dozens of 7 and 8-figure consumer brands.

[Emmanuel Fredenrich @EFredenrich]

26 lessons I wish I'd known when I started as a business owner trying to achieve success. Today is my birthday so I wrote this article "26 Lessons in 26 Years" to help anyone who wants to build a great company and live a good life: https://t.co/dsQCfvln49

[Tom Osman 🐦‍⬛ @tomosman]

eu/acc 🇪🇺

Turn nuclear back on (looking at you Germany), ramp compute, prioritise easy visas and tax breaks for exceptional people starting new companies, remove incentives for regulation circle jerks and pay people to have children.

Confident Europe and the Uk can become powerful again but not with one hand tied behind our back.

[@levelsio @levelsio]

This is so true

Went to a beautiful luxury 🇯🇵 sushi restaurant in Europe a few days ago

An 🇺🇸 American man and woman were sitting at the table next to us, eating sushi, drinking sake, while handing over papers with business plans and charts on them to each other and scheming their next $$$ plans

Whether that's good or bad, that's GDP (and innovation) in the making

[@levelsio @levelsio]

The most concerning part about this is that most Europeans don't realize how stagnant Europe has now become

Europeans are literally blue-pilled and are mostly concerned with climate change, immigration and the Ukraine war

Nobody in Europe is thinking why increasingly everything they use is made in China running on American software

The knee jerk reaction is to proudly pass regulation against American tech

The chad reaction would be to reduce regulation so that European entrepreneurs would actually stay in Europe to build European startups increasing Europe's GDP and making Europeans richer!

I am European and I have regular conversations about this with people here, it's just not on top of mind AT ALL! While it should be because Europe's GDP is stagnant and the real innovation now happens in US and China and elsewhere, not in Europe

People in Europe do love to complain about rising cost of living and the increasing unaffordability of living, but they don't realize why. They point at foreigners/immigrants as the problem, which can't be the whole story

Other Europeans I talk to get visibly upset if I ask them about stagnant GDP numbers: "why should everything be about money?" they say in a thick German accent

The whole story is that Europe has made it very difficult for people to start a business, raise capital, innovate and get the reward for taking that risk, so why would anybody?

And for the Europeans that do, it's way easier to open a US Delaware company, raise capital in US, sell your stock or IPO in the US, because why even do that in EU, where it's too hard? The proof is in the pudding, if it was so easy in EU then why is startup funding in US $270B AUM with 330 million people vs $44B AUM with 746 million people? That's almost 14x bigger startup funding market per capita

Why doesn't EU have ANY trillion dollar companies? While US has six? Why isn't there any European company in the top 10 of largest companies? While 80% is American?

Why is Stripe, a company founded by two Irish brothers, an American company and not a European one? It could have been

Very few Europeans will agree with this post because they can't see it, if they would've seen it, we wouldn't be here in the first place!

What's the role left for Europe in the future?

Signed,
- A techno-optimist European who'd love to see Europe become wealthy again

[Emmanuel Fredenrich @EFredenrich]

@gilbert @djrosent Apple or Microsoft 👀

[Paul Graham @paulg]

92% of grades in Women's, Gender, and Sexuality Studies classes at Yale are A or A-, vs 55% in Mathematics. The math majors must just not be as smart. (Table via @sfmcguire79.)

[Emmanuel Fredenrich @EFredenrich]

Rest in peace Charlie Munger. He will be remembered. May we all keep learning from him

[Emmanuel Fredenrich @EFredenrich]

"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin.

[Emmanuel Fredenrich @EFredenrich]

First post on my new blog about a controversial topic. Is the end of most highly-paid knowledge work jobs coming? -> https://t.co/LPsIeoZB8z

[Emmanuel Fredenrich @EFredenrich]

If you're not getting rid of a few deeply cherished beliefs every year, you're probably getting dumber over time.

[Emmanuel Fredenrich @EFredenrich]

Most people fail to grasp how important culture is to the success of an economy. Anyone who's had a chance to compare the work ethic and productivity of Europeans to Americans would not be surprised that the US consistently outperforms Europe.

[Emmanuel Fredenrich @EFredenrich]

The ability to understand what consumers really want and how to give it to them is the oil of the 21st century.

[Emmanuel Fredenrich @EFredenrich]

The easiest way to become a better business owner is to study long-term value investing. Read everything you can about Warren Buffett and Charlie Munger’s approach - I guarantee it will transform your business results.

[Emmanuel Fredenrich @EFredenrich]

When a business segment underperforms, you have only a few options. Either pivot/re-position the business, come up with a strategy to differentiate your offering that is hard to copy, or milk it for cash and exit.

[Emmanuel Fredenrich @EFredenrich]

#1 mistake businesses make: planning their strategy without anticipating their competitors' actions. The only strategies that have value are those that are hard to replicate. A great plan which is easy to replicate will not generate superior profits.

[Emmanuel Fredenrich @EFredenrich]

One implication of this is that most CEOs and executives overestimate how much influence they have over their company. Most of the profits a business generates come from the competitive structure of the industry and the positioning of the company.

[Emmanuel Fredenrich @EFredenrich]

@Tom_JDV Merci de la mention :) Cheers!

[Emmanuel Fredenrich @EFredenrich]

Most of the business and financial results you're getting today come from actions you took years ago. What will your business results look 5 years from now based on your current actions?