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Beside other reasons, one cultural difference is that Germans tend to be more risk adverse. They like just working for big companies for many years and decades, having 30-40 vacation days (aka "PTO"), good to high living standard and getting relatively much retirement money afterwards.

Generally, because Employees are protected to some degree, when you start a startup you introduce a lot uncertainty into your life.

> There is no money for startups but there is money for playing startup and the various wirecards.

Not sure what you mean by "various wirecards", you mean it's always fintech?Oftentimes it's US VC, because there's just not that much VC flying around in Europe. So I guess only well connected and few high profile startups get to receive big money - see Helsing AI as latest example.