I personally think it's a bit more than funding though--for lack of a better way of putting it, the feeling of opportunity and independence is what provides a fertile ground for starting a business. We commonly have room for people arguing and making idiots of themselves, for going against the grain, for dropping out and trying to achieve great things.
There's still a sort of individualism in parts of the US that I believe makes doing business and work here great.
(honest question) Is there such great tolerance of nonconformity elsewhere? I've heard distressing things about parts of Europe and Asia in this regard (Japan, for example, apparently does not support the sort of ecosystem we do due to societal expectations of young folks). I dislike painting in broad strokes, but the topic seems to lend itself to that.