> This is not just a matter of regulations. It's the whole mindset that is too conservative to go fast. The whole 'throw 1000 things at the wall and see what s

> This is not just a matter of regulations. It's the whole mindset that is too conservative to go fast. The whole 'throw 1000 things at the wall and see what sticks' is not something we europeans are used to. It's also a matter of two advantages the USA has: 1. being a homogeneous market culturally-linguistic, there are dozens of countries with very different cultures and languages in Europe, it's not as easy to scale continent-wide as it is to scale country-wide in the USA. 2. exhuberant privilege of the USD, it gives a major advantage on capital markets where capital is sloshing around in the economy, it's much easier to find billions of USD parked somewhere wanting to get better returns. The EU doesn't have this privilege, investments need to be more conservative.