> How is it superior? First, you have to compare EU today with US of the 00s when there were actual new ideas in the market and profitable companies. The curre

> How is it superior? First, you have to compare EU today with US of the 00s when there were actual new ideas in the market and profitable companies. The current US startup market may have been taken over by grubby marketers who market themselves as entrepreneurs, they may be buying their way to user growth, and may fail, but it doesnt matter. Because the big guys have cornered and monopolized every fundamental infrastructure , are already bringing in tons and tons of cash, and basically guarantee the cash flow towards that ecosystem ... forever. Whatever money is burnt in AWS ends up back in the same SV ecosystem. That's sustainable. Now, take for example the EU's H2020 system that funds partnerships between academia and industry. There are a lot of fancy proposals in there, with fancy names and fancy-sounding tech. And most of them deliver exactly what they describe in the proposal. If you look closely, most of the projects are minimum and viable, but they are not products. And when the project ends, there isn't a push to continue the project if the partners don't want to, even the bureaucrat in charge of it may be a different person at that time. While on the other hand , a VC acts as a permanent point of reference who has long-term-interest and investment in seeing the idea bear fruit.