> There is a thriving tech scene in Europe and we do quite well!
Is there really ? I see attempts at copying the US tech scene, but a lot of it seems structured to suck money out of government funds and programs. I see very little private investment. Just recently I talked to a local VC, in a casual chat about how they started their fund I found out they pulled money out of a EU fund, they had to put up like 25% of the money and the rest was just EU grants to stimulate entrepreneurship. Do I need to say that their portfolio looks like a garbage bin of knockoff attempts and small businesses masquerading as startups.
Is there really ? I see attempts at copying the US tech scene, but a lot of it seems structured to suck money out of government funds and programs. I see very little private investment. Just recently I talked to a local VC, in a casual chat about how they started their fund I found out they pulled money out of a EU fund, they had to put up like 25% of the money and the rest was just EU grants to stimulate entrepreneurship. Do I need to say that their portfolio looks like a garbage bin of knockoff attempts and small businesses masquerading as startups.