European VCs are too risk averse, not entrepreneur friendly and under value companies, says the CEO of a U.K.-based start up that announced its first funding.
Astute readers will have noticed that yesterday’s announcement by DataSift of their $6 million funding round was all from U.S. venture capital firms. This was no coincidence.
“What disappoints me the most is that I am a huge advocate of Europe, but as a businessman you are always going to go with the best valuation and the best partners,” says DataSift CEO Nick Halstead.
And it wasn’t for lack of trying. Mr. Halstead says he spent two months pitching European VCs, using the same pitch as he used for U.S. investors.
To read the full, original article click on this link: European Venture Capitalists ‘Not Entrepreneur Friendly’ Says Founder - Tech Europe - WSJ
Author:
Ben Rooney
