In May 2007 at GetJar’s former headquarters in Lithuania, I received the most important call of my life. It was from Rich Wong, a partner from Accel Partners, the Palo Alto, Calif.-based venture firm that has backed the likes of Facebook, Groupon, BitTorrent and Etsy.Photo credit of Refracted Moments
Wong was calling to discuss potentially backing GetJar. There was only one problem. I had no idea what “venture capital” meant. I have a master’s degree in economics from Vilnius University and have started several successful tech companies. But my oblivion to the VC world proves in itself that VC operations have a shaky foothold in Europe.
To read the full, original article click on this link: U.S. is still the land of opportunity for VC funding | VentureBeat
Author: Ilja Laurs
