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Europe doesn't create Ubers because it doesn't have the capital. its not to do with innovation.

VC as a model requires huge markets and huge amounts of financing. It doesn't require home grown innovation.

Europe has enormous, deep pools of capital. The culture though is to fear loss rather than fear loss of upside. Capital is deployed differently in the US and China.

What does China has to do with the actual conversation ?

Merely that the US is not the only one with the eagerness to deploy capital at greater risk. Nothing more than that!

> Europe doesn't create Ubers because it doesn't have the capital. its not to do with innovation.

Europe has capital. You'll find a lot in Silicon Valley.

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