What we need in Europe is a larger risk appetite. This is something we lack and SV has built-in. However, the systemic tolerance for risk comes not from SV, but

What we need in Europe is a larger risk appetite. This is something we lack and SV has built-in. However, the systemic tolerance for risk comes not from SV, but from foundation and role of capital markets in US and old UK/Europe economies. In US capital markets were used to sponsor large investment projects on a regular basis, whereas in Europe it was rare. I'm not talking about fancy CDOs, etc. but enterprises before that, which helped shape the societies' attitudes toward risk in general. This difference is explained in Perry Mehrling's videos available on Coursera if you want to learn about it in greater detail.