A great quote from Danny Rimer, the EU venture capital partner behind the Skype company. But, if not from the US, will the next Google come from Europe ?
Danny is getting a huge amount of mainstream Julie Meyer has been trying to close a fund since she exited from “First Tuesday” 6 years ago. Similarly Jon Snyder and Marting Bloom at Cambridge Accelerator Partners, and Marc Goldberg at Occam Partners.
Danny concludes with
Innovation is not a problem in Europe. But the lack of a unified market to sell that innovation, or even give it away, is a problem – and so is the paucity of investors willing to back it. “The next Google is more likely going to come from outside the US,” says Rimer. “Whether it’s in Europe, I am not sure. A lot of things have to change
European entrepreneurs will have to work extra hard if the next Google is up to them.