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by dachworker 368 days ago
Regulation is a complete red herring.

The reason the EU cannot compete in tech, is because its market is way too tight with the US market. Any founder has a choice (if you can raise this insane level of seed capital you have the choice). They could pick US, Canada, UK, France, Germany ...etc. Given that choice, they will pick the US every single time. It's strategically the best choice, simple because of its size and wealth.