What are some other pros and cons related to European entrepreneurship today?
One positive development has been the adoption of the euro, which has helped to create price transparency and a more efficient, competitive environment. But Europe is still divided by national boundaries that cause the overall market to be quite fragmented. Just as there are linguistic barriers, national silos still persist. There are still no uniform rules for raising money in all the different European Union countries, which means submitting to separate registrations in every country where one wishes to engage in fundraising. It’s also still the case that if somebody fails in Europe, the stigma can make it difficult to try again. In the United States there is a much healthier view, that enterprise is a process of trial and error: If your venture fails, people accept that the experience will stand you in good stead when you begin again. In Europe, it can be interpreted as “trial by ordeal,” that you are not worthy of success. How do you see entrepreneurship in Europe relative to how i
