Earlier quoted context omitted.
Yes, the problem is capital. US has loads of it and Europe does not. So a lot of European startups have 3 options: remain niche, get bought out buy US investors, move the corporate seat/brain trust to the US. There are many small European startups who do not have infrastructure to take on large European multinationals as clients. A lot of EU labor laws have hard requirements at 50 and 100 employees so startups stay b…
Well the other large advantage is that the US is one single market with one common language (English) and while there are variations by state, pretty much one set of rules. So by starting a company in the United States you of course have access to incredibly deep capital markets, but you also have access to 350 million people mostly operating under one set of rules with one common language and largely one common cult…
Now up to 24 official languages and still potentially growing in the future (although this is a bit of an overcount because some of them are mutually intelligible to various degrees, it's still a lot).
It's interesting to think that at the time of original ECSC treaty there were only four languages (French, German, Dutch and Italian). That's just about manageable, now it is a bit of an issue