>In addition, European investors and entrepreneurs don’t tend to see their ventures as ’lottery tickets’ that might pay off. We like to see things costed with a

>In addition, European investors and entrepreneurs don’t tend to see their ventures as ’lottery tickets’ that might pay off. We like to see things costed with at least a theoretical path to profits Strange if true. Venture capitalists don't buy lottery tickets anywhere. They build a portfolio of them where the expected value is positive. From an investment standpoint, there is no difference.