There’s no doubt that, to whoever has seen the way startups are being nurtured in the US, the situation in Europe is raising their eyebrow. Is it the red tape? The conservatism and fear of risk? The cost of employment? The cost of land? The lack of dynamism? The cultural fragmentation? Europe is an enormous market but somehow drags its feet in the way it treats startups and entrepreneurship. For what its worth, the US culture fosters a hands-on attitude as well as failure tolerance. Failure in Europe was even socially unacceptable in many countries until recently. So what is it that US VCs are looking for in Europe?
Maybe Europe is changing favorably at the same time that the US market is changing unfavorably, so Europe is becoming more attractive. Will it stick?
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