alt Hacker News> big issue is that Europeans who want to invest in early stage VC do so in the States
I haven't seen that personally, most of the VCs I've worked with here in Europe who live here in Europe, invest in European companies. Most of them invest in companies in the same country they live in, because it's a bit of a hassle to invest in companies from other countries currently (hoping that EU-INC makes that easier), but none of them regularly invest in US companies.
This seems like a tautology - the VCs you've worked with in Europe invest in Europe.
However, most HNW Europeans who invest in early stage do not invest in the EU and therefore you will not have worked with them.