[pydry]

Europe doesn't create Ubers because it doesn't have the capital. its not to do with innovation.

VC as a model requires huge markets and huge amounts of financing. It doesn't require home grown innovation.

[gumby]

Europe has enormous, deep pools of capital. The culture though is to fear loss rather than fear loss of upside. Capital is deployed differently in the US and China.

[mnouquet]

What does China has to do with the actual conversation ?

[gumby]

Merely that the US is not the only one with the eagerness to deploy capital at greater risk. Nothing more than that!

[908B64B197]

> Europe doesn't create Ubers because it doesn't have the capital. its not to do with innovation.

Europe has capital. You'll find a lot in Silicon Valley.