I’m surprised they can compete even locally in France. They have to deal with a lot of problems that don’t exist in USA. Lack of top talent due to low wages,

I’m surprised they can compete even locally in France. They have to deal with a lot of problems that don’t exist in USA. Lack of top talent due to low wages, excessive bureaucracy and regulations imposed by their government, one of the most protective and rigid labor markets, small local market (EU isn’t exactly a single market), lack of VC, …