A recent analysis highlights the stark contrast between the United States and the European Union regarding the creation of high-value companies over the past 50 years. According to data presented by Edward Conard, there are only 13 EU-based firms founded in this timeframe that exceed a market capitalization of $10 billion, collectively valued at approximately $400 billion. In contrast, U.S. companies in the same category boast a staggering combined market cap of around $30 trillion, making the U.S. cohort 70 times more valuable than its EU counterpart. Further emphasizing this disparity, the Draghi Report revealed that no European company has reached a market cap of $100 billion in the last half-century. Spotify recently achieved a milestone by surpassing a market cap of $100 billion for the first time, marking a significant moment in European tech history. This achievement has reignited discussions about the challenges faced by European startups, including high restructuring costs that can hinder innovation and growth.