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TL;DR: They aren't as visible on average because there's not such a big prevalence of outliers (even if we do have some, such as Spotify). EU creates 39% of gl
by endymi0n 5y ago
TL;DR: They aren't as visible on average because there's not such a big prevalence of outliers (even if we do have some, such as Spotify).
EU creates 39% of global startups, but only 14% of unicorns. Success rate
It's historically much more revenue than growth focused, but there's quite a lot of successful startups over here as well. It ties in closely with the local culture of "Mittelstand" and a far larger share of SMB's/family businesses than bigcorps in the US.
https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/europes-start-up-ecosystem-heating-up-but-still-facing-challenges https://www.mckinsey.com/industries/technology-media-and-tel...