Another post on a similar theme to many - is Europe a poor relation to Silicon Valley for creation of successful tech firms? However it does highlight some of the region's success stories, and the increased interest from funds and buyers from the US to invest in or acquire more actively in Europe - a trend we are definitely seeing.
Money is flowing into start-ups, but tough EU rules could dash hopes of a Google or Facebook rival Hussein Kanji, a partner at London’s Hoxton Ventures, “I would argue that the smarter money, mostly through wisdom and experience, is also in the US,” he says. Europe’s tough data protection rules should be seen as a positive — offering a competitive advantage to local groups. But the region’s venture capitalists dismiss the idea as a losing strategy, only able to slow but not stop the advance of Bay Area companies Venture capitalists from the US — after years of thumbing their noses at European efforts — are also beginning to dip their toes in the market.