[Barrin92]

>The sad truth is that there are no listed trillion-dollar tech companies in Europe. Given Europe’s market size and depth of its talent pool, this is a surprise. Deliveroo, for example, had an extremely challenging IPO, trading at much lower multiples than some of its American peers despite better metrics.

Is that really a sad truth other than for VCs who want to exit based on future expectations? If you have better metrics and you make money you're employing people and you're paying wages and you're growing things seem fine.

No doubt the US has many great tech companies but if you see some of the inflation in terms of funding rounds and evaluations slapped on companies that aren't profitable is that really necessary to emulate?