Since the big Intel cash out, it's been venture capital. Europe & Asia is private equity territory, which is a fundamentally different attitude and approach to

Since the big Intel cash out, it's been venture capital. Europe & Asia is private equity territory, which is a fundamentally different attitude and approach to high-risk, high-growth business (as in they rarely do it). VC firms expect to make their money on IPOs & exits which encourages innovation and experimentation, while PE firms expect to make money from operations and interests on obliged loans which favors smart operations and good margins.