How Europe lost its tech companies

European lack of competitiveness in the Tech market 1)REGULATIONS a)European legislation isn’t ideal for tech companies b)Taxes are high c) Labour laws are strict making it hard to hire and Fire in a constantly rapidly changing tech environment d) Privacy laws are very strict making it hard to efficiently advertise and disperse targeted appropriate information accordingly e)Due to Consumer Protection and red tape companies spend a ton of resources on Compliance instead of using it to beat their competitors. 2)INVESTMENT CLIMATE ISN’T FAVORABLE FOR TECH 3)GEOGRAPHY AND DEMOGRAPHY The complexity of adapting a product to 30 languages, taking into account their cultures and laws. 4) ATTITUDES Europeans are generally pessimistic about technology and business thinking technology is the cause of so many problems while in other parts of the world technology is considered to solve many problems. 5) START UP ECOSYSTEM United States has Silico