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patrectoday at 2:03 PM0 repliesview on HN

And of course the reason that there is a lot VC capital in Europe has absolutely nothing to do with the fact that you'd be crazy to do a startup in e.g. Denmark (because doing so will likely be personally ruinous even in the unlikely case that you get some traction, due to unrealized gains tax) or to directly invest in one in e.g. Germany (where you'd be expected to physically sit through, on location, a few hours of a notary reading stuff out to you)? Do you actually have any idea how much additional legal risks, costs and time wasting bureaucracy are associated with even just forming a company in a typical EU country?

Miami, and Florida in general, have basically zero universities anyone has ever heard off, and still boast a higher number of unicorns per capita than Germany, despite the latter having at least one world-class technical university.