This is a pretty bad take, imo and confuses cause and effect. Why does US press hype their startups? Because they do have track record of creating revolutionary companies, something that can be traced back to 70s (Atari, Apple, Microsoft).
It’s much easier for an established player to replicate the success elsewhere, despite of over-regulation. Just see how successful are US firms in India, but it will be mistake to not fault Indian bureaucracy and regulation for the lack of its own set of high-tech companies. So I would take Airbnb's success in EU with a grain of salt.
In US, you can start a LLC, get a bank account, a tax ID, all within a few days. The process is completely online. Taxes? A single form for the whole year when you’re starting out. Hiring and laying off employees is relatively easy. How many European countries can claim the same?
It’s much easier for an established player to replicate the success elsewhere, despite of over-regulation. Just see how successful are US firms in India, but it will be mistake to not fault Indian bureaucracy and regulation for the lack of its own set of high-tech companies. So I would take Airbnb's success in EU with a grain of salt.
In US, you can start a LLC, get a bank account, a tax ID, all within a few days. The process is completely online. Taxes? A single form for the whole year when you’re starting out. Hiring and laying off employees is relatively easy. How many European countries can claim the same?