>In Europe you can just use your normal banking app to transfer money to your friends electronically. The US actually seems to lag behind on that front. This h

>In Europe you can just use your normal banking app to transfer money to your friends electronically. The US actually seems to lag behind on that front. This has nothing to do with the sophistication rgbrenner mentioned. What you describe is small stakes compared to the size, breadth, and depth of US venture capital (and not just for tech). Or the planet-spanning reach and universal service options at JPM or Citi. Or the mind-numbingly complex instruments that their and other bulge-bracket firms' fixed-income desks come up with. Or the gigantic pots and years of experience that Blackstone and Apollo bring to the table. Or the massive intellectual and computing firepower behind the likes of Renaissance, DE Shaw, Jane Street, and Citadel. Or the "Yale Model" of endowment investing.