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Europe probably has about as many startups as the US if not more. There certainly seem to be a lot more independent contractor software engineers. The bottlene
by Aunche 6y ago
Europe probably has about as many startups as the US if not more. There certainly seem to be a lot more independent contractor software engineers.
The bottleneck to highly publicized startups is investors. Investors are less likely to let people use their money if they think the government will get in the way of their growth.
- amznthrwaway 6y agothe US Venture Capital industry was kicked off by the US government, who created a program where they were backing venture funds with $3 to every $1 of private capital. That's what kickstarted Silicon Valley, eventually leading to enough private capital and expertise in that sort of investing that VC became what it is today. European countries did not take that action 60 years ago, and thus are on a different path today. If regulations were the primary issue, Silicon Valley would be in a low regulation state. It is in a high reg state because it is primarily about the long-lasting knock-on effects of the investment program.