Btw: if you are interested in this, note that it often isn’t clear cut where a company is from.
For example: https://european-alternatives.eu/product/zitadel bills itself as a swiss company, and it might technically be one, but it looks very much like a general SF startup to me (business address in sf, all investors are US based)
Zitadel started in Switzerland under the name CAOS AG and has still a lot of its operations in Europe. For our US go to market strategy we incorporated Zitadel Inc. which operates out of SF where I also tend to be.
Happy to share more if interested
And I think this speaks to my point that it isn’t a simple yes/no question :)
The matter is definitely more complex than yes and no... my general stand has been that jurisdiction matters a lot when you store and process data from customers, like many cloud services do. iIt matters less if you can take a software and self-host it.
You can easy deploy Zitadel to Hetzner though ;-)
[1]: https://github.com/lissy93/awesome-privacy
[2]: https://github.com/awesome-selfhosted/awesome-selfhosted