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Google's Eric Schmidt sets out the search engine's futureEurope must embrace “crazy entrepreneurs” if it is to build more technology companies that challenge American firms, Eric Schmidt, Google’s chairman and chief executive has said.

In an interview with The Telegraph, Eric Schmidt said: "The first question is: who are the founders of the large global companies? They're usually the Larry Ellisons, the Steve Jobses, the Bill Gates. Notice they do not fit a standard European education model. They're drop-outs, crazy smart people."

“You've got to have the crazy entrepreneur types, who you've got to celebrate, which we do in America. And you've got to have the venture capital, which really is 'at risk' capital and is different from other capital.”

To read the full, original article click on this link: Google's Eric Schmidt: Europe must embrace 'crazy entrepreneurs' - Telegraph

Author: Shane Richmond