If you haven’t yet read Marc Andreessen’s WSJ article about why software is eating the world, you should. While at it, I also think he nailed the reasons why most of the world changing technology companies today are American companies:
“It’s not an accident that many of the biggest recent technology companies—including Google, Amazon, eBay and more—are American companies. Our combination of great research universities, a pro-risk business culture, deep pools of innovation-seeking equity capital and reliable business and contract law is unprecedented and unparalleled in the world.”
In Europe we have the talent and the universities but have a long way to go on all other fronts.