> I'd only note that the EU is not a monolith, local regulations and tax laws can differ wildly It's not really justified to express anti-EU sentiment on the g

> I'd only note that the EU is not a monolith, local regulations and tax laws can differ wildly It's not really justified to express anti-EU sentiment on the grounds of local laws which have little to do with the EU though... Anyway, most US states have no unicorns and low levels of VC investment, despite zero exposure to EU rules and similar regulatory climates to California which receives more VC funding than the rest of them put together. For all Germany's famously pernickety regulation, Bavaria saw more VC investment than numerous larger US states last year and "you'd have to be a masochist to start a business here" Norway is in the top 10 countries worldwide for VC funding per capita which suggests that at least the masochists get funding! Frankly, it's unrealistic to expect any European country to be remotely like California in the near future for a whole host of structural reasons that have nothing to do with the EU or local regulations, and if the actual tradeoff is more like the labour laws of Michigan for the VC investment levels approaching that of Michigan it's not clear there's any win for Europe in deregulating.