Startups move to the us because of the ease of access to VCs (or capital in general)
> I'm not sure where this notion comes from.
From the outside the EU sounds like on large unit. Where in facts it is a fragmented group. The EU has plenty of tech companies but it is pretty competitive when you have that many countries to cater to, each with their own culture, language, and laws. So you will target a specific market - like France, with marketing in french, adapted to the French context. Expanding to anew place is expensive and difficult. So you end up with lots of local, small/medium size businesses instead of one unified large business.
Just my personal opinion living here. And not saying it’s bad, it’s just a different dynamic
Your link does show exactly how massive the gap between the US and Europe is. There is a single EU country on the list, Sweden. And it has 2/3rd the capital per capita the US has
> I'm not sure where this notion comes from.
From the outside the EU sounds like on large unit. Where in facts it is a fragmented group. The EU has plenty of tech companies but it is pretty competitive when you have that many countries to cater to, each with their own culture, language, and laws. So you will target a specific market - like France, with marketing in french, adapted to the French context. Expanding to anew place is expensive and difficult. So you end up with lots of local, small/medium size businesses instead of one unified large business.
Just my personal opinion living here. And not saying it’s bad, it’s just a different dynamic