These numbers from BI caught my eye today
Over the past five years, U.S. venture capitalists spent $167 billion on new business ideas compared with some $20 billion by their European counterparts, according to the National Venture Capital Association.
Last year alone, U.S. investment in startup companies was $50 billion, with nearly half of that amount in Silicon Valley. The European equivalent paled at $4 billion.
Granted that a lot of the money invested will never produce value. But even if that figure is as low as 10&, then we are looking at a value generation differential of 16/2 in favor of the US over the last five years and 5.0/0.4 last year. And these figures do not take into account the value added via multiplier effects one gets from break out companies.
That is striking.