Let's be fair here, the GP is comparing this to the complexity of other bureaucracy in Germany. In that context this does sound easy, e.g. here's how you form a GmbH: https://major-grooves.medium.com/just-how-complicated-could-...

    > Snark aside, this chart makes total sense
    > to me now: https://i.redd.it/fxks3skmvt4e1.png

Not that we're doing all that great here in Europe, but this list is somewhat an artifact of strong US financial markets, and skews against European innovation.

E.g. Booking.com isn't there because it's now ... an American company on paper, but it was started in Europe, has most of its operations there, and (last I checked) Europe was its most important market.

But because the US stock market and US capital dominates globally, companies like that tend to be sold to a US company, and become American on paper. But that financial arrangement doesn't really reflect the overall state of European innovation.

Similarly, there's countless European startups that would have probably had a NASDAQ listing if they'd been US-based, but were instead sold to some of the larger European incumbents in their sector.

The overall amount of innovation delivered to consumers etc. might be the same, so that's more of an artifact of how capital flows in the US v.s. the EU generally.