Based on the comments it looks like Europeans weren’t ready to hear some of these things. 😉 Let me pile on…
Innovation in Europe is stiffled due to a risk-averse culture, complex regulatory environments, fragmented markets across different countries, limited access to venture capital, and a tendency for established companies to be less receptive to new ideas from startups, making it harder for innovative companies to scale up (compared to the US).
at least the fragmented markets, limited venture capital and closed-mindedness of established compagnies are relatively well known and recognised, wouldn’t say Europeans aren’t ready to hear it
I was actually thinking the first two were the more detrimental, and are the reason behind lack of VC and closed minded companies. The fragmented markets is irritating, but overcomeable.
The opposite could maybe be said of the US: due to our crazy-pants lack of financial security, people are willing to do risky things, which, when successful, can drive innovation. I grew up in this culture, so it doesn’t make me uncomfortable, but understand it isn’t for everyone.
Start-ups in the US benefit from an immediate market of 400 million people. The EU should be able to enjoy a similar benefit but you are right about the red tape. Obviously Brexit in the UK was a total anathema to that as well.
Based on the comments it looks like Europeans weren’t ready to hear some of these things. 😉 Let me pile on…
Innovation in Europe is stiffled due to a risk-averse culture, complex regulatory environments, fragmented markets across different countries, limited access to venture capital, and a tendency for established companies to be less receptive to new ideas from startups, making it harder for innovative companies to scale up (compared to the US).
at least the fragmented markets, limited venture capital and closed-mindedness of established compagnies are relatively well known and recognised, wouldn’t say Europeans aren’t ready to hear it
I was actually thinking the first two were the more detrimental, and are the reason behind lack of VC and closed minded companies. The fragmented markets is irritating, but overcomeable.
yeah I think I’d agree with that, hut I’m risk-averse myself so can’t go pointing blame at others
The opposite could maybe be said of the US: due to our crazy-pants lack of financial security, people are willing to do risky things, which, when successful, can drive innovation. I grew up in this culture, so it doesn’t make me uncomfortable, but understand it isn’t for everyone.
Start-ups in the US benefit from an immediate market of 400 million people. The EU should be able to enjoy a similar benefit but you are right about the red tape. Obviously Brexit in the UK was a total anathema to that as well.
Ain’t no way you gonna put all of Europe into that statement. You do understand that each country have their own system, policies and regulatory laws?
The problem here is that what you’re saying is maybe true for a handful of countries while completely false and inaccurate for a handful of others.
We’re not one single entity. Your statement is just not accurate as a whole.