Europe doesn't have a culture of throwing illimitate money at startups with little hope of getting anything back. Which is probably due to not having petrodollars.

> Europe doesn't have a culture of throwing illimitate money at startups with little hope of getting anything back.

Are you implying that venture investors in US have been losing money on IT startups? Care to provide references?

Save for a few notable ones, most startups never make any ROI.