Let me guess, you're from the US and user surveillance is beneficial to your business so naturally everyone with non-capitalist (read not $$$-centric) ideology is plain wrong. EU startups don't have to "catch up" or even compete with US start ups.
"EU startups don't have to "catch up"..." then don't get surprised when EU talent is poached by US and Asian HRs for x2-x3 rates. And before you're gonna talk about all those "free" (taxpayer funded) services and how no European would ever move to Asia or NA, i'd like to remind you that we're in the remote work world now :)