(fully aware of the irony / potential futility of posting a comment like this on a ycombinator website but... here goes) This article conflates innovation with

(fully aware of the irony / potential futility of posting a comment like this on a ycombinator website but... here goes) This article conflates innovation with entrepreneurship. The two are not even correlated in reality, certainly there's no causal relationship unless we're discussing market innovation (usually in the form of net-negative-outcome disruption). The points made in the article seem largely sound if you substitute the word "innovation" throughout, but the misapplication of that term does detract significantly. A sibling commenter uses the term "Silicon Valley style innovation", which I guess is reasonably apt. Personally I'm pretty thankful we Europeans seem to have a (slightly) smaller % of high-profile "innovators" like Bankman-Fried, Neumann, Holmes, Kalanick, et al.