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Ask HN: Why hasn't Europe produced a significant social media tech company?
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Re: Ask HN: Why hasn't Europe produced a significant social media tech company?
#2Culture is adverse to risk compared to the US and it's harder to raise venture capital
Very few investors are interested in companies that may not be cash positive for a decade
Re: Ask HN: Why hasn't Europe produced a significant social media tech company?
#3Timing. Europeans are broadly speaking content with the ones others made. "It's harder to push something aside than to occupy a vacuum" (mike lesk, inventor of uucp)
Re: Ask HN: Why hasn't Europe produced a significant social media tech company?
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