Comment by kranke155
7 hours ago
The issue with EU is its not one market, for funding or deploying a company of any kind. There is both no funding scale and no easy distribution scale. Same thing with any kind of lobbying you need to do to move laws to be more amenable to tech, you have to do it 20+ times. Nobody does this, which is why smart EU and UK talent migrates to the US, scales, then just uses the weight of their US business to change reality around them in the EU anwyay. For the most part.
Yes, the EU is a bit of a strange half-measure. I understand why the cultural barriers are resistant to change. But standardization of regulations across the single market has been incredibly slow. I'm not sure it will ever happen.
I wonder if the incumbents in each country actively lobby against it. I suppose it's easier for massive corporations to deal with cross border issues. The onerous regulatory boundaries are a nice price of entry for them that keeps out upstarts.