Agreed. SV is driven more by gambling and outrageous risk-taking. That paid off when the market for technology companies was young, but now it is maturing and t

Agreed. SV is driven more by gambling and outrageous risk-taking. That paid off when the market for technology companies was young, but now it is maturing and there are more entrants from around the world, i.e. more competition. So Europe's lower investment amounts really amount to putting more players into the game to compete against SV. It's a reasonable strategy to try.