One common practice in the European tech world is trying to imitate Silicon Valley. We build technology parks that we think match the design of Stanford. We do pitch competitions inspired by TechCrunch Disrupt. We offer employee stock options, but usually via traditional, local, highly imperfect schemes. And we make an effort at celebrating failure, because that is supposedly what makes Silicon Valley a thriving ecosystem. Failure is good, we say—a necessary part of the entrepreneurial journey.
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