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5kyn3t | 2 years ago

I often ask myself that too. The talent and infrastructure definitely exist in Europe. (until the people leave for the US) Is it the big VC money, or some magical governmental support (military-industrial complex)? is it the english language that gives the US-companies an advantage? is it the different mindset? I really do not know.

It's very weird and also sad and a bit frustrating to see that the market is in favor of one country that seems to get everything. I'm still crying for Nokia.

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RivieraKid|2 years ago

Yep, I've been wondering this too. It could be:

- America has a large unified market, it's easier to expand than in the EU.

- Immigration, smart and ambitious people move to America so their companies have access to better pool of talent. Better labor mobility compared to the EU also helps.

- Cultural differences related to entrepreneurship and work.

- Europeans who have historically moved to America have specific genetics and learned behavior, which is passed over generations. Maybe they're less risk-averse, more optimistic or have more energy and desire to do something. Basically, if you select a subpopulation which is willing to move to a different country hoping for a better life, this subpopulation will have distinct traits.

- Legislation, taxes?

Europe should first identify this as a problem and then try hard to understand and solve it.