As with most things, America has come to dominate the tech world to an extent that can’t be rivaled. While Europe has always had the talent pool, European startups simply haven’t had the money to compete with their American counterparts. However, things are starting to change thanks to some recent European success stories and now funding is starting to flow to Europe in bigger chunks.
“They do things bigger and better in America.” Whether referring to automobiles, movies, homes, skyscrapers, or fast food menus, this is a familiar refrain in Europe. The digital era has been no different, with Silicon Valley held up as the touchstone against which to measure all tech startups. Yet a shift is taking place in Europe that is eroding America’s dominance of the tech world and seeing a legion of European “super startups” taking root. We believe a combination of factors are cultivating businesses that look set to deliver a glut of billion-dollar valuations over the next three to five years. U.S. startups have traditionally had access to far higher levels of investment, giving them a head start when it comes to research and development and making it easier to attract to its shores the very best talent.