Friday, 20 June 2014

Europe has produced 30 $1bn+ technology companies since 2000

"Europe has produced 30 technology companies worth more than $1bn (£590m) since the millennium, according to research that explodes the myth that the region's internet entrepreneurs lack vision and sell up too early.
Clothing retailer Asos, games studio King Digital, property portal Zoopla and music service Spotify are among the select group of Europe's most valuable technology companies, most of which remain independent.
The research, conducted by boutique investment bank GP Bullhound, shows Europe compares well to the US, which produced 39 billion-dollar companies between 2003 and 2013.
These valuable startups, which the researchers refer to as "unicorns", are few and far between. Statistically, it is very hard to find one, and the 30 produced in Europe account for just 0.27% of comparable tech firms founded in the last 14 years. (Israel is included in the numbers, due to its strength in tech and proximity to Europe.)"

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