Show me any subsidy in the EU that supports a business losing 500 million dollars a year for 10 years.
> We 've become a terribly sclerotic continent
No. The US has become reckless with money, and the concept of a successful business has been entirely substituted by "but this unbelievably unprofitable company with no chance of ever earning money has an imaginary market cap of 50 billion dollars".
That assumes that those startups get investment from outside YC , which is not what i m talking about. Also, the EU just approved a giant stimulus package which will be used to support a lot of failing companies, just take a look at the air carrier subsidies around the continent.
It's true that US is subsidizing unsustainable businesses, probably in the hopes that something good will come out of them regardless. But that doesnt change the fact europe is repelling entrepreneurs.
Yes, they do. And that's the main difference between the EU and the US. Especially with YC startups expect to get significant investments after the incubator.
> Also, the EU just approved a giant stimulus package which will be used to support a lot of failing companies
You do realize there have been two years of pandemic?
> But that doesnt change the fact europe is repelling entrepreneurs.
What's your definition of entrepreneurs? A company that always loses money "in the hopes that something good will come out of them"?
The EU is a complex multi-lingual multi-cultural market unlike the uniform US market flooded with unlimited investor money. All of the "successful" incubators, investors, startups would fail miserably here, outside their near-ideal conditions.