alt Hacker News> because the capital deployment from EU HNW is overwhelming deployed outside the bloc, largely in the US.
Again, that directly goes against my own experience with the very same people you say are investing largely in the US. Not sure if I'm not being clear, or if I'm using the wrong words, but clearly something is missing/misunderstood here.
As politely as possible, your experience is simply wrong, I'm afraid to say. US angel/seed round investing by EU-resident HNWs alone exceeds all angel/seed investing in the EU, by quite some margin.
I'm actually quite curious who it is you think are people in the EU deploying capital in early stage investments, as you appear to be very confident?
I suspect maybe you're thinking of people investing in EU startups to avail of the myriad tax incentives like Germany's INVEST, Ireland's EIIS, etc. If so, then that represents a tiny fraction of capital invested by EU HNWs in early stage companies.