It's the trillion dollar question that get discussed on HN a lot. My intuition:
- Private $ market: EU is decades behind the US in private capital management and the appetite for risk. In the US, it is not uncommon to raise $20M on an idea. In the EU (at least until recently), you'd raise literally 10X less.
- Piling effect: companies grow quickly by selling their product to the previous generation of growing companies: internet -> mobile -> cloud -> AI. Each wave feeds the next one, all currently centered in the US.
- Private $ market: EU is decades behind the US in private capital management and the appetite for risk. In the US, it is not uncommon to raise $20M on an idea. In the EU (at least until recently), you'd raise literally 10X less.
- Piling effect: companies grow quickly by selling their product to the previous generation of growing companies: internet -> mobile -> cloud -> AI. Each wave feeds the next one, all currently centered in the US.