The problem is a little bit subtler than that. Generally speaking, European are more risk adverse than Americans (I'll exclude the UK as Brits are a bit cultur

The problem is a little bit subtler than that. Generally speaking, European are more risk adverse than Americans (I'll exclude the UK as Brits are a bit culturally closer to the US). You will find investors, but it will be very difficult to find someone willing to take risks and bet big. For me they behave more like bankers than VCs. Don't get me wrong, this kind of investors is fundamental for an economy to function as not all businesses are high risk/high reward and to be honest SV VCs could learn one thing or two about common sense from these folks. However, it means that if you come with a "crazy idea" or if you are basically saying that you will lose money for several years, it will be very very hard to find an investor in Europe. The European market being generally also more conservative and much more fragmented, scaling up is also much more expensive. Last but not least, Americans are very good at finding good European startups and importing them in the USA.