alt Hacker News> Unlike the US, Europe has no California-level VCs.
Some would consider that a good thing. There is a lot to be said for VC in recent years not being beneficial for the economy, certainly on an individual level, other than "number go up".
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> There is a lot to be said for VC in recent years not being beneficial for the economy
What a wild statement, VC's are behind most of the growth in the US economy, and they directly drive up wages in tech. I'd be fascinated to hear a valid complaint of VC's that isn't just money envy
Some people consider it a good thing that communists boiled people's hands as torture. Some people consider it a good think that Iran massacred 10,000s of its own citizens. Some would consider it a good thing that Israel killed all Palestinians in Gaza.
Sure.
At the same time, it made in many cases EU dependent on the US. A lot of governments are basically dependent on MS Office or Google Cloud.
With AI, it is even more strategic.