> (in many areas of Europe it did, I don't know about the Americas) there was a huge influx of people with no technical expertise, all of whom simple wanted to

> (in many areas of Europe it did, I don't know about the Americas) there was a huge influx of people with no technical expertise, all of whom simple wanted to be a startup owner for the sake of it, with no plans or targets, just to be managers. I find this perspective quite fascinating, as it is something of the converse my impression of some of the complaints I've read about the startup scene here in the US (mostly SFBA/Silicon Valley). Here, the complaint seems to be that (some) founders may have technical expertise but lack the business/managerial savvy (or, again, with no plans or targets) to turn it into a real product that makes money. I'm unsure if either criticism, lack of business or technical acumen, is actually fair or accurate, but it may be a subtle indication of an over-focus on one over the other (by the investors) in each of our regions to the detriment of overall innovation.