One of the big issues in Europe is almost non-existent local M&A (and to lesser extent single pan-European shared IPO) market. As long as that is purely focused

One of the big issues in Europe is almost non-existent local M&A (and to lesser extent single pan-European shared IPO) market. As long as that is purely focused on US e.g. the exits at all stages (from tiny few million acquihires to hundreds of millions acquisitions) are mostly based in America, a healthy tech market will not emerge in Europe.