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Yes, there are hardly any European companies with FAANG level profitability. Thats it.

VC Money is US mostly too

Europe-founded startups end up in delaware because of ycombinator and all the SF money that does have an apetite for high risk startups unlike europe.

Here we waste billions on shady govt mandated stuff and thats' it

No, that's mainly lack of single consumer market, and the markets being too small to meaningfully start B2C companies.

You mean like Spotify, that started in the large and populous country of Sweden?

GP was talking about companies with FAANG levels of profitability. Maybe we should bring up Spotify when they are profitable. [1]

[1] https://www.wallstreetzen.com/stocks/us/nyse/spot/earnings

You got me there.

Spotify started from the start as a global company and had US VC money. That's however the exception from the rule.

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