Czech here. In my opinion, Europe lacks the venture capitalist culture that formed the Silicon Valley.
Actually, most of the U.S. lack it as well, but having one Silicon Valley is much better than having zero of them.
European startups struggle to raise any money at all. (And I mean on the order of 100,000 eur, much less millions.) Our banks are extremely risk-averse and if they spend money at all, it is on projects that the political sphere supports. These tend to be duds.
Actually, most of the U.S. lack it as well, but having one Silicon Valley is much better than having zero of them.
European startups struggle to raise any money at all. (And I mean on the order of 100,000 eur, much less millions.) Our banks are extremely risk-averse and if they spend money at all, it is on projects that the political sphere supports. These tend to be duds.