An Ocean Away, A World Apart: Tech Ecosystems in the US and EU
summary
Europe spends about 88 vs 100 in U.S. government R&D funding (per capita higher), yet venture capital is only about 20% of U.S. levels, total unicorn value ~14% of the U.S., and the EU produces essentially zero companies started from scratch reaching €100bn in 50 years while young public company market cap sits near 1.4% of U.S. levels. Causes invoked: heavy regulation, labor-market rigidity, corporate form limits and higher taxation.
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chapters (10)
- 0:00Introduction
- 1:00Team Liberal Democratic West
- 2:00Economic Prosperity
- 3:00Tech Innovation
- 4:00Lack of Government Research Funding
- 5:00Lack of Venture Capital Investment
- 6:00Venture Capital in Silicon Valley
- 9:00From Scratch Public Companies in Europe
- 10:00The 10x Gap
- 11:00Summary
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