[james412]

Another aspect of the absent tech boom in Europe is the structure of the public markets, they're basically bullshit compared to what happens in the US.

In the case of growth companies, it's definitely not a talent thing, the American financial system has a well developed pipeline for growing ideas and providing endless access to capital. Europe simply doesn't have that. We don't even have consolidated pricing for our stock markets, even after many decades under the EU, something the US has had since 1976. It's a joke, and no surprise all eyes are on and money flows into the US for speculative investment

[zerkten]

> In the case of growth companies, it's definitely not a talent thing, the American financial system has a well developed pipeline for growing ideas and providing endless access to capital.

This doesn't just apply to growth companies, or tech. It's a fundamental difference for all companies no matter how you segment Europe.

It is a difference that I don't think Europe will ever get past because changing it will be viewed as an attack on beliefs and ideals which can't trade-off to be similar to those in the US or China.

(FWIW: I'm an UK/Irish citizen living in the US.)

[ginko]

If anything it's the obscene amounts of funding in silicon valley that's bullshit.

[SpicyLemonZest]

The obscene amounts of funding in Silicon Valley seem like a reasonable consequence of the obscene amounts of profit funded companies sometimes achieve.

[zerkten]

The obscene amounts of funding exist for various reasons. I don't disagree with it being bullshit, but the analysis of why this occurs is relatively straightforward. Implementing a solution to balance the situation is the difficult part.