The State of European Tech 2016
(cough cringe PR cough)<p>You could create similar optimistic charts for US, China, India, etc.<p>The EU ( 550 million ) tech industry is dwarfed by the US ( 350 million )<p>Looking from a higher abstract plane, EU produces the least new entrepreneurs and innovative companies compared to the beast that is US and Asia.<p>The EU also has the most unstable political and financial system globally with entire countries on the verge of defaulting on their sovereign debt.<p>The reason why every European developer migrates to London is to escape the craziness of the continent.<p>Every European developer&#x27;s final &#x27;dream&#x27; is to work in the US tech industry - London is the second best thing to reach.<p>(.. Money Talks .. )<p>You can see how much value that tech is given in europe by just looking at the salaries in europe vs N.A  - so much for valuing hard tech.<p>Seeing that both the US and Europe have similar numbers of developers (~ 3 mil) - how is european tech industry 1&#x2F;8 the size of the US ??<p>Oversupply of developers due to better engineering school ? ( my sides )<p>More like MBAs from Cambridge are not as smart as their counterparts graduating from Sloan in creating value out of tech.<p>-- Not an American --- Direct experience with London and Berlin tech scene ---