alt Hacker News> In order to build competitive models, you need to offer competitive salaries and equity. Europe has very old and inadequate corporate law virtually everywhere but in UK.
It is a fact that a much smaller amount of money is available in the EU for startup investments.
But in which sense it the corporate law inadequate? As far as I am aware the laws allow quite a lot of freedom in setting up the corporate governance for many forms of companies.
There's no stock option mechanisms available in most of EU.
You get someone you cannot tempt him with "do a great job and get X amount of equity".
In Italy it is not enforceable, even if you sign a contract.
With this, startups can only compete with bigger companies on salary, hard, and don't get equally motivated hires to get a piece of a company. You get people there for the paycheck.
It's also unfriendly to venture capitalists, for different reasons.
So corporate law is a major problem in most of EU, as it's unfriendly both to investors and employees.
Also, firing people is hard in EU. You hire the wrong person, you're stuck with it.