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.
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.