[adev_]

That's a very partial view of the story. Over-regulation does not help but it is very far from the only element:

- Funding for startup in Europe is spare. There is nothing similar to the USA's VC culture here.

- Market is naturally more fragmented due to language barrier.

- Talent pool is spreader over multiple countries. We do not have any equivalent to the valley here.

- There was (up to now) 0 protectionism that would give a competitive advantage on EU soil to a EU company in front of an American giant.

[fooker]

You are describing the effects, rather than causes in my opinion.