There have been companies like Nokia, SAP, Spotify, ARM, ASML all showing it's not impossible to be #1. This is not even considering the auto sector where Europ

There have been companies like Nokia, SAP, Spotify, ARM, ASML all showing it's not impossible to be #1. This is not even considering the auto sector where Europe dominates by a huge margin. I don't think there is something inherently lacking about Europe to enable business growth. The US obviously enjoys a first mover advantage in the software industry and as a result continues to receive much more VC funding than anyone else.