Thats not really the problem though startups aren&#x27;t paying engineers a lot in the beginning so thats comparing two different things.<p>While it&#x27;s true that the funding gaps remail larger in Europe than in the US it&#x27;s still the wrong question to ask.<p>The real question is why the funding gaps are there to begin with. I would claim 4 major reasons.<p>1. Disconnect between the needs of the European politicians and those of European startups.<p>2. Europe has no Silicon Valley or New York.<p>3. European startups ask for permission instead of forgiveness.<p>4. The EU seems to be fixing the problems that the startups could fix.<p>In other words a lot of the problems in Europe is the EU.<p>Go back 40-50 years and plenty of fortune 500 companies were European.<p>I am exploring it in more depth in this essay:<p><a href="http:&#x2F;&#x2F;000fff.org&#x2F;why-is-europe-failing-to-create-more-unicorns&#x2F;" rel="nofollow">http:&#x2F;&#x2F;000fff.org&#x2F;why-is-europe-failing-to-create-more-unico...</a>