Yes, you're completely right. Not that I'm in favour of the wealth inequality in the US, but in some ways it's one of the US's biggest assets. There are a lot o

Yes, you're completely right. Not that I'm in favour of the wealth inequality in the US, but in some ways it's one of the US's biggest assets. There are a lot of people in the US who are so excessively wealthy they're willing to throw money at moon-shot companies (and sometimes simply ideas) that will almost certainly never yield them a return. You don't get companies like Space X and Blue Origin without extremely ambitious and extremely wealthy individuals and the US has a large amount of both. In the UK people are generally far more conservative both with their ambitions and with their investments. We do have innovative tech companies here, but they're far less ambitions than those you'd typically find in the US. Things like food delivery, customisable greeting cards, accounting services, etc. I think to a lesser extent there are geographical, demographical and regulatory advantages to starting tech companies in the the US too. In the UK employers have provide paid holiday, maternity leave, and pay national insurance contributions for everyone they employee. This isn't a huge issue if your a profitable company, but things like this add up if you're trying to bootstrap a company with a limited amount of VC money. Similarly, we can't scale as easily because of our geographical and demographical limitations. Europe isn't as easy to scale into for various geographic and cultural reasons and the UK as a domestic market is far smaller than the US. While nothing I've said makes it impossible for the UK to create a tech giant, it does stack the odds against us. And just based on relative population size we're already 5 times less likely to create a tech giant when compared to the US.