Let’s go! – by Stefanos Vasdekis A blog about entrepreneurship, the web2.0 world, and life.


Silicon Valley’s advantage over Europe – Live from Leweb3

We're on the second day of Leweb3 here in Paris. Since the warm-up meetups on Sunday, one of the hottest discussions is the comparison of being a startup company in Silicon Valley and Europe.

I've heard some negative comments for Europe like "Americans view Europe as a small market without innovation and they can always acquire if needed".

On the other hand, I've heard very positive comments about Europe like "If we're accused of not working hard and we still perform better than others, it means that we work smarter" or like "We have many examples of tech companies that made it big, stop discussing if we can compete with Silicon Valley or not and let's do it. In Silicon Valley nobody discusses if they can compete against Europe...

One thing everyone agrees is that one of the big advantages of Silicon Valley is that a whole innovative community is concentrated in a one hour drive radius. Smart entrepreneurs, developers, angels, VCs, universities and tech journalists. As you go to Hollywood to make movies, as you go to New York or London for stocks, you go to Silicon Valley to make innovative software. I believe that this is by far the most important advantage of Silicon Valley compared to Europe.

I've met smart guys from both sides of the Atlantic. I don't see any signs that Americans are smarter than Europeans. They might be more entrepreneurial, but Europeans have other qualities. For example they speak at least 2-3 languages and better understand the international aspect of the web. Especially those of us who don't come from Germany, UK or France, but from a small market, we're forced to look abroad right from the beginning if we want to do something significant.

Well, if we all agree, why not to build the European Silicon Valley? And I don't mean to expect from EU bureaucrats to build one for us, because it will take a century... If this project was ever to become reality and I had a chance to propose a place, that would be in Mediterranean of course, and specifically Crete Island in Greece.

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