Why are Europe’s best startups fleeing to the U.S.? The answer isn’t just bureaucracy, it’s QSBS, a massive U.S. tax loophole that lets investors pay $0 in capital gains on startup profits if incorporated in Delaware. With $340B in U.S. VC funding vs. Europe’s €66B, founders face an impossible choice: stay in Europe and lose billions, or move to the U.S. and keep it all.
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