I agree with these points. I read Gründerszene and I find the companies described are mostly pretty dull -- selling shoes, or hotel bookings, or something like that. Not terribly technical, and not really moving the needle.

There's still a lot of conservatism. You can make a physical product in the US and people (early adopters) will try it out. In Europe they will want it to be certified and proven and above all know that the founders are properly credentialed. This is probably one reason why all these companies have been formed in domains where credentials don't matter and people are willing to take a chance