I think it's natural for press to avoid hyping EU startups: they perform bad. Is the press responsible for the bad performance? I don't think so. (source: I wo

I think it's natural for press to avoid hyping EU startups: they perform bad. Is the press responsible for the bad performance? I don't think so. (source: I worked in startups in EU, UK and US, I started two companies in EU and UK, one failed). I think the underlying problem is the anti-work attitude of people. Most people don't want to work hard, they don't have any ambition. And this attitude is normal in Soviet Union 2.0, a society where you get beaten down by taxes if you try to climb up the ladder and regulations make sure your company gets stopped before it's too large. The US is objectively better in this regard, but it's getting worse every year. Luckily there is a lot more capital from the past keeping the startup scene afloat. Will it survive another 20-40 years or will the next Silicon Valley be in China? Anyway the general lack of ambition in EU means that the composition in an EU startup is completely different between US and UE. While you can find real gems in US startups, in EU you find your typical average corporate employee - but less skilled or more junior. People in EU startups are just people who couldn't grab a job anywhere else. They're not hoping to make it big because there is no capital to have life changing exits and the government will get most of the profits anyway. Leaders and managers in US are also considerably better than in the EU. Many countries in EU never had a decent entrepreneurial class. Building those skills will take decades.