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Although Europe is on the right track to create the right culture for venture capital, there are still some obstacles that need to be removed. Entrepreneurship is becoming more widespread, but tolerance for risk taking is far lower than in the US as forming start-ups comes to a much greater personal and social cost. "There is no shortage of money or good ideas", says Tim Duffy, "the problem is to convince people to take risks." And regional differences mean Europe lacks a big domestic market such as the US, with the consequence that companies find it more difficult to become worldwide leaders in the global market. "Europe does not have yet the frame of reference to build worldwide leaders in the global market", concludes Archambeau.

The main idea of the paragraph

Europe is on the right track to create the right culture for venture capital, and entrepreneurship is becoming more widespread; however, tolerance for risk-taking is far lower than in the US. Besides, Europe does not have the frame of reference to build worldwide leaders.

欧洲正在步入正轨创立良好的风险投资文化，创业精神也在不断扩大，然而，对冒险的容忍度依然远远不及美国，另外，欧洲也缺乏打造世界级企业领袖的参照依据。

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