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Europe isn’t the new Silicon Valley. It’s better!

2 June 2017

The World Economic Forum just published a fascinating article charting the growth of the European startup scene, contrasting it to the larger tech ecosystems of Silicon Valley and Asia. If you’re a European founder, you’ve got cause to be optimistic — funding is easier to get, there’s so much innovation happening here, and tech talent is everywhere.

People have more appetite for risk, with 85 percent of people saying it’s socially acceptable to start your own company. Huge swathes of Europe — namely the Benelux region, the Nordics, and the Baltic countries — generate as much as eight percent of GDP from information technology. Facebook, Microsoft , Amazon and Google are hungry for European tech acquisitions, and investments are at an all-time high.

While it’s absolutely true that Silicon Valley tends to have more ‘unicorn’ status companies (there are 19 in the EU compared to 105 in the United States), and funding is easier to come up with, there are some things the Europe does especially well in the startup world.

Click here to read the entire article by Matthew Hughes.