> 1. In order to build competitive models, you need to offer competitive salaries and equity.
FWIW, for the equity part there's a proposal expected to pass for next year: https://www.eu-inc.org/ (but it doesn't address taxes, cross-border employment, or anything significant so it's mostly moot). The main goal is to attract native VCs.
AFAIK it's designed by lawyers and old money, with little to no input from tech entrepreneurs.
The culture's still all wrong. If you have a startup that failed in SV, that's par for the course. Better luck next time! If you fail in the EU, that's the kiss of death. Your startup failed???
It had input from entrepreneurs but was disregarded.