Is The European Silicon Valley A Utopian Dream?
Published 4 years ago by JP Buntinx
However, there is still a long way to go before anyone can dream of building a European Silicon Valley. Investors are eager to become a part of any tech unicorn right now, but they will still value US companies much higher than their European counterparts. As a result, the total valuation of all European tech unicorns is half of what Facebook is worth. Europe is not entrepreneurial enough to create major tech companies just yet, a situation that needs to be addressed sooner rather than later. To make matters even worse, a lot of the European tech startups are, in the long run, bought up by their US counterparts. But at the same time, this leaves even less growth for tech companies in Europe. There is a change underway, however, as more investment funding is flowing to European technology than ever before. It may very well be only a matter of time until a new Silicon Valley hub emerges, and Europe seems to be the continent in a prime position for such growth. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full