Saul Klein, Index Venture Partner, Seedcamp founder and Skype lucky-dog exiter, did a presentation on European startups and VC in Berlin last week. Fred Wilson posted it on his blog.Some interesting insights around
- Three of top $1B+ markets for VC now in Europe
- Some pretty famous (and wealthy) firms were started in downturns (Apple, Microsoft, Skype, MySQL)
- Bootstrap as much as you can
- Use free resources (Gears, App Engine, Seedcamp)
European VC (and European startups) still face several challenges around the cost to expand (localization, infrastructure, feet on the ground) across the region, the return from VCs (and therefore the funds flowing into it), and the public markets. That being said... Seedcamp and Saul's efforts are some of the best efforts going on to build up the next Skype.
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