> why are European and Korean companies so bad at attracting investments and making money. - Taxes - Bureacracy - Smaller local markets (with less purchase p

> why are European and Korean companies so bad at attracting investments and making money. - Taxes - Bureacracy - Smaller local markets (with less purchase power and more risk averse) - Harder access to bigger markets (US, China) - Extremely conservative local market VCs - US VCs are unlikely to invest in EU/Korea unless the company is incorporating in Delaware or something equivalent. - Talent is more risk averse, tends to prefer to stick around larger MAMAA companies or emigrate rather than risk running out of runway in a startup.