U.S. is still the land of opportunity for VC funding

It's correct. It's not an easy task. But so it shouldn't be either. But the belief that it is the goverment who creates or "gives" employment is hard to beat...

A post from VentureBeat by Ilja Laurs has the whole story. Here is the last part:

 

In addition to the issues stemming from a strictly controlled workplace, Europe’s efforts in VC suffer from an extreme naiveté. As the birthplace of the VC model, the U.S. has considerably more experience in VC enterprises, and, as such, operates with a more mature view. In the most intimate way, American VCs have seen the rise of Google, Twitter and Facebook. They know the ins and outs of their formation, they are familiar with the risks they took and they know the intricacies of their success.
Also, thanks to their experience, VCs in the U.S. understand that the parameters of the classic business model do not apply to the businesses they back. While European boards are focused on profits and revenue from the get-go, their U.S. counterparts realize that money often takes its time coming. In fact, I have noted time and time again that European valuations of IT companies are two to three times lower than those in the U.S.
In 2007, at the time of Rich Wong’s first call, the success of Twitter and Facebook were in a universe separate from mine. Today, however, I see GetJar as well within reach of Silicon Valley-type success. It took a move from Lithuania to Silicon Valley to make my collision of universes possible.
In the years to come, expect Europe and the rest of the world to become more VC compatible, like their U.S. counterparts They’ll have to if they want a share of the new IT world.