The lack of a large venture capital culture in Europe is often seen as one of the reasons European tech companies are at a disadvantage to their US peers.
In the presentation, embedded below, Earlybird says that European VCs are driving the best multiple exits in the world, with a success that goes further than just established names like Skype.
The smaller number of VC firms in Europe actually leads to a buyers market, with better results from fewer companies, argue Earlybird.
Best perhaps to take this with a pinch of salt as — it’s hardly surprising a European VC firm thinks European VC firms are great — but some food for thought.
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