I have to call sweeping false generalization. I can think ten local companies that meet that same criterion without even trying, and "local" for me is not Silicon Valley, either.
Maybe some Americans try for the homerun and no Europeans do (I can't judge), but even in America by company-count, which I accept as a reasonable proxy of number-of-people-starting-companies, the "home runs" attempters are the outliers. And of course the VCs are interested in the home runs, that's the VC business model!
Maybe some Americans try for the homerun and no Europeans do (I can't judge), but even in America by company-count, which I accept as a reasonable proxy of number-of-people-starting-companies, the "home runs" attempters are the outliers. And of course the VCs are interested in the home runs, that's the VC business model!