I wonder if the following could be relevant.

1. In my experience, Europeans are less dominated by the "newer is better" desire to constantly get the latest gadget/technology. I wonder if others agree.

2. European money appears to be more dominated by old money / aristocracy and that these people like to invest within that network. Engineers are less likely to be part of the aristocracy and are treated more like commodities than the enabling superstar athletes they are (at least the kind that make unicorns). I know quite a few engineers that make over $200k in SV but only one who makes over 100k GBP.