4 ms·

Are 95% (to be conservative) of the tech unicorns US-based ? At this point, you can start drawing a trend. European successes are more the exception than the r

Are 95% (to be conservative) of the tech unicorns US-based ? At this point, you can start drawing a trend. European successes are more the exception than the rule, which is kinda irrelevant anyway as 95% of European successes will end up being merged into a US behemoth...

pydry 5y ago
Europe doesn't create Ubers because it doesn't have the capital. its not to do with innovation. VC as a model requires huge markets and huge amounts of financing. It doesn't require home grown innovation.
- gumby 5y ago
  Europe has enormous, deep pools of capital. The culture though is to fear loss rather than fear loss of upside. Capital is deployed differently in the US and China.
  - mnouquet 5y ago
    What does China has to do with the actual conversation ?
    - gumby 5y ago
      Merely that the US is not the only one with the eagerness to deploy capital at greater risk. Nothing more than that!
- 908B64B197 5y ago
  > Europe doesn't create Ubers because it doesn't have the capital. its not to do with innovation. Europe has capital. You'll find a lot in Silicon Valley.