from Hacker News

Ask HN: Why hasn't Europe produced a significant social media tech company?

by Winterflow3r on 12/27/21, 10:59 PM with 2 comments

• by ggm on 12/28/21, 12:01 AM

  Timing. Europeans are broadly speaking content with the ones others made. "It's harder to push something aside than to occupy a vacuum" (mike lesk, inventor of uucp)

• by trinovantes on 12/27/21, 11:18 PM

  Culture is adverse to risk compared to the US and it's harder to raise venture capital

  Very few investors are interested in companies that may not be cash positive for a decade