Comment Funding, funding, funding. (Score 5, Insightful) 153
Why are all the giant US tech companies concentrated in Silicon Valley and Seattle instead of being spread evenly throughout the country? Because Silicon Valley and Seattle is where all the tech investors are. The success of tech startups depends almost entirely on investor funding. And what do EU tech startups lack the most? You guessed it, investor funding. EU tech companies have to earn money for their growth the hard way because European investors are almost as risk-averse as the banks. Loosening labor regulations will do exactly nothing to improve access to funding.