Well it is like Thiel said in a recent interview - European companies and investors are very risk-averse and will never be a vanguard like the ones in the US.

You'll never get here that kind of cash for any risky project, it usually is low risk + low margin.

Feels like people write that like it somehow is failure on investors side.

If you are investor on US market having 300M people speaking roughly the same language and then high possibility to easily spill over the world upsides on the bet are really high, burning cash to have a chance hitting jackpot are much much higher than in EU.

In EU you are starting in a single country so like 60M people and your payoff is capped from start at most likely scenario you go big in a single country and then you basically have clean start in next country.

That is the reality of game theory, not some failure of imagination or being scared to take risks - payoff is just not there, in US you have a shot at insane payoff in relatively short term.

Thiel recently called Greta Thunberg the anti - christ. Thiel is maybe crazy as Musk. at least he is not an authorative source.

Besides the soure what does he mean with all of Europe: Berlin? London? Paris? Estonia? Sweden? The start up eco system is fragmented / decentralised. I doubt Thiel is a good overview and he argues probably not in good faith anyway.

Maybe we don't need that kind of money for things like office software, email, reasonable sized databases, VPS etc.