[Propelloni]

This sounds like starting up in the USA becomes less viable. And this begs the question why VC is still focused on the USA. 2-3 million dollars in seed money allow me to scale much faster in Europe (and much much faster elsewhere), if only for the fact that the same money I have to pay for an entry level developer in the USA will get me a very senior developer in Europe. Or two, maybe three, juniors.... what do you think?

[mobiuscog]

Employee 'rights' are often much stronger outside the USA and so whilst you potentially pay more, you can 'downscale' much quicker as well. Look where most of the tech layoffs happen.

[Klonoar]

A cynical take is that VCs still focus on the USA because the environment is far more lax and/or easy to take advantage of.

That’s not an easy scenario for other countries that care to counter.