Earlier quoted context omitted.
In this vein [but slightly off topic], can anyone point me to high profile megacap EU startups? The only one that comes to mind is Spotify. I was speaking with some people the other day and probably due to a NA centric focus we were at a lack of well branded EU starts up that had made it similar to US ones.
> can anyone point me to high profile megacap EU startups Don't waste your time looking, there are none or almost none. EU is simply not geared (anymore) for this type of endeavor to succeed: - finance infrastructure for this is non-existent (VCs are a joke in Europe, both in terms of size and in terms of the type of stuff they invest in) - risk-taking is simply not a cultural value anymore - administrative burdens (…
There is no true independence in any society, apart from autocracy, and externalities always exist.
There doesn't seem to be much value attributed to 'having a lot of money' etc, for a lot of people, having a fulfilling job, family and life is enough, and having the security of knowing that you can get sick and go to the hospital without being bankrupted, or knowing that you will be able to provide for your family directly or indirectly in almost all scenarios makes this whole "I need to be a billionaire to live" notion very non-existent here.
You don't need a VC to be happy, you don't need to create a startup and you don't need to take a lot of risk to create value. This is of course directly related to the social cocoon; and knowing the value of that makes for very little need to take big risks for a chance of making things 'better' (whatever 'better' might be...).
That said, there are a lot of self-bootstrapping businesses that function just fine. They don't go public and mostly don't make more than a couple of millions each year, but it is enough, or better: it is plenty. There is no rat race, you have plenty of vacation, you can travel the world, and if something goes wrong there are buffers to catch you. (but those aren't comfortable enough to just slack off in to and 'do nothing', but that'd be unfulfilling for most people anyawy).