Europe has significantly lagged behind the United States in terms of venture capital investment and technological innovation over the past 50 years. No European Union-based company has achieved a market capitalization exceeding €100 billion ($111 billion) during this period. In contrast, several U.S. companies, including Apple, Microsoft, Nvidia, Amazon, Alphabet, and Meta Platforms, have surpassed the $1 trillion mark. This disparity highlights the challenges Europe faces in catching up with the U.S. in fostering high-growth companies. Martin Wolf and Janan Ganesh have noted this growing gap.