[drkrab]

Unfortunately that’s the case because large US-based companies can leverage their existing global sales / marketing / governance setup to rationalize very high exit valuations. In the EU we don’t have the large software shops that can do that. So for an EU based startup - it’s exit to a US-based company or go all the way to an IPO / profitability.

[carlosjobim]

Your comment illustrated the problem: Europeans are very content with making excuses for their failures so they can continue not making an effort.

Those Europeans who are not at home with that culture move to America. It's been like this for hundreds of years.