The New VC Kids On The Block Helping Europe?s Startups To Pick Up The Pace

In dribs and drabs, the European venture capital scene has started to look gradually more like it will develop a broader range of VCs than in the past. True, the majority of European VC funds have not performed well. But I'm not here to talk about the incumbents, but rather the new breed, which are taking cues from their American cousins in looking for businesses with potential. Time and again the continuous charge has been that Europpean VCs look only for revenues first rather than product or user traction. This new breed of European VC is at least as interested in product and more interested in building companies which can scale - rather than ones which might make tidy businesses they can, for example, sell to a European telco for pennines. And that's only to be welcomed.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/tzYGLNt3wdE/

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