- European tech is shifting from a 'talent farm' to an innovation hub.
- AI is reducing capital intensity, allowing startups to scale locally.
- The 'Founder Flywheel' sees successful 2010s founders reinvesting in the local ecosystem.
- Quality-of-life and US visa restrictions are driving talent migration toward Europe.
- Median European VC fund sizes have tripled since 2016.
- While the US still leads in raw liquidity, Europe is becoming a competitive alternative for research-heavy, capital-efficient companies.