I think there's a difference between where companies are listed/head-quartered and where the work is done (e.g. Google seems to have 4 separate offices, just in London).
Or consider India, where huge amounts of dev work is done - but nobody can name an "Indian web brand" (internationally).
Only actual European brand I can think of that's made global impact is Spotify.
Europe seems to do better on the less fancy consumer facing side of IT - reasearch and 'hard' companies like ARM.
thing is most US startups are based on VC vaporware. lots of noise, but no end result in the long run when it counts. whereas, EU startups grow at a slower pace, but end up making more money in the long run i.e more sustainable.
right now, you've a bunch of US VC funded companies with 200m revenues, yet valued 50x or even 100x revenue. and yet there's probably tons of EU funded companies that are around the same revenue numbers, but most people wouldn't know since they're likely to be private.
another notable EU software company I can think of is Serif that makes affordable alternatives to Adobe products. they charge 50$ for a product and get out of the way.
Another reason would be language and legal requirements.
I work for the software division of an international wholesale chain, based in Europe.
For the checkout process, not only we have to translate everything in tens of languages, but we have to implement many legal requirements in price calculations, taxes, discounts, money laundry, invoicing and so on.
Even a single country like India is a headache because they have different legal requirements in each Indian state.
When you add countries from Europe which aren't in EU, countries from Europe which are in EU but have different legal requirements, countries from Asia, it can become really complex.
And we are just a handful of people and not payed a lot.
Language, culture, regulation - it's not just a matter of reach.
Like, imagine a successful-at-home French startup wanting to expand internationally. First, unless you're happy staying in the confines of the old French Empire, you're gonna need to translate everything, definitely to English, maybe to German or Spanish. Second, your app is built with French attitudes in mind. Chances are you're gonna have to change that to adapt to American, British, German tastes, and that's a lot of redesign. Third, for every country you expand to, you have to comply with local rules and regs. The EU has helped here, but definitely not solved the issue.
Whereas in the US, not only have you got 330 million wealth consumers under broadly the same legal/cultural regime, but they practically all speak English too! That gives US startups a much more solid base to expand from. Hell, in Europe the UK is by far the biggest tech hub on the continent, and Ireland punches far above it's weight. Don't discount the advantages of language or culture even in a globalised world.
Everything about US-based companies' success globally has to do with the fact that we've had a head-start on exporting our culture through media.
Everyone in the world has some idea in their head (regardless of how true) of what Americans are like. Can you say the same for the French? Germans? Portuguese?
I know someone that work in a startup that does exactly that. Opening a new country takes 3/6 months, as you need to open an office in the country and recruit people here. And that's now that they have a good process for it. Translation and localisation add processes and takes time. You need a new sales team for each country. Sometimes support too. Launching something in the USA would be equivalent to have France, Germany, Italy, Spain and the UK at the same time. That's a lot.
More underappreciated aspect is variety. US tends to be very copy-paste - once you solve someone's problem well, it's quite likely your solution is universally applicable to large swaths of the market. EU varies not only country-to-country, but often even between departments of the same company in the same building. It's not just technology, even markets for beer or coffee are likely more varied in your average EU country than in the entire US
We provide documents and services for startups and this is spot on. Once you've got past the idea of "getting investors to invest in a funding round in exchange for equity" and the obvious differences of i18n and l10n, there are real differences - in France you need to have a lawyer to be able to operate at all, and in Germany investors participate through holding companies instead of directly. And it gets more complicated when you start talking about options or convertible notes.
The complexity of getting our platform to work with all of this is as big a consideration as market size is when we're looking to expand abroad.
It is kind of biased if you take global raw data as the US and China have a bigger share of global internet users. Baidu is 6th but I doubt that it is highly frequented by American or Europeans. However, the problem shows when you search by country. Top visited sites in Europe are still American.
We are dumb, here in Europe. We don't know anything about Internet or computers on this side of the pond. We did't make any advances in science and technology. US did everything by itself, without importing brains from other countries.
We are humbly grateful the Usians gave us Google Ads, Facebook, iPhones and PornHub, things which are absolutely essential to any being not living in a cave.
Or consider India, where huge amounts of dev work is done - but nobody can name an "Indian web brand" (internationally).
Only actual European brand I can think of that's made global impact is Spotify.
Europe seems to do better on the less fancy consumer facing side of IT - reasearch and 'hard' companies like ARM.