While it is true that securing funding for new ventures is much easier in the US compared to Europe, the question how much this contributes to the building of successful and sustainable companies is still unanswered.
The fact that European companies can't afford to burn through cash for decades might lead to better resource/talent allocation.
This is visible in the very healthy deep tech industry in Europe.
Right now European companies are very good at solving narrow but difficult problems, whereas American companies seem to be much better at creating consumer facing technology.
I usually listen to podcasts for about 6 hours per week while working out. Mostly these podcasts offer a shallow introduction into a topic, often even point towards the literature behind it. Half of the books I read this year were about things for which podcasts have sparked my interest.
The fact that European companies can't afford to burn through cash for decades might lead to better resource/talent allocation. This is visible in the very healthy deep tech industry in Europe.
Right now European companies are very good at solving narrow but difficult problems, whereas American companies seem to be much better at creating consumer facing technology.