T
he British Private Equity and Venture Capital Association (BVCA) just published a report dispelling many of the stereotypes and myths about the performance of Europe’s VCs. The conventional wisdom has been that Europe’s risk-adverse nature and difficult IPO environment has constrained the potential and success of Europe’s venture and startup communities. As the report points out, we often here the “Where is the European Facebook” argument all the time from across the pond without data to back it up, namely concrete data on how Europe’s VC sector has actually performed vs the US over time. Fortunately, the BVCA in conjunction with the London School of Economics have conducted a in-depth study of the situation, which examined 35,798 companies (34% in Europe and 66% in the States) receiving VC funding between 1980 (1995 in Europe) and 2011. The main findings of the study challenge three of the biggest myths head-on:
To read the full, original article click on this link: 3 Myths Busted about European vs. US Venture Capital success • RB
