07/07/2026
Europe trains some of the best software engineers and cloud architects in the world. Then watches them build their companies in San Francisco.
Former Italian PM Enrico Letta just published a sharp piece arguing Europe needs a "Fifth Freedom" β the free movement of knowledge, research, and innovation. He frames it around biotech, but the argument applies just as forcefully to IT, software engineering, and cloud technology.
We don't lack talent. We lack the conditions to turn that talent into scalable companies.
Two things I'd add to Letta's agenda:
Simpler startup formation across borders
More accessible bankruptcy options β because the fear of lasting financial ruin is one of the biggest reasons European founders don't take the leap in the first place
"We love Europe, but if we want to grow, we have to leave." That quote should sting for every policymaker on this continent.
The link to Letta's full piece is in the comments β worth the read. What structural changes do you think would make the biggest difference for European tech entrepreneurship? Drop your thoughts below.