alt Hacker NewsAlso the EU lacks a unified capital market where infinite VC money can be pooled together into any new hype. I would argue this the biggest reason.
Also the EU lacks a unified capital market where infinite VC money can be pooled together into any new hype. I would argue this the biggest reason.
EU countries also have very high tax rates, which feels like the community is the primary beneficiary of your business, not you the entrepreneur. This alone severely reduces the financial incentive of starting a business. There's also some weird cultural stigma in the EU's more socialist countries (like France), where the system is way more comfortable for you as an employee rather than a risk taker. Let's call a spade a spade.