The European venture capitalist has one play in his/her playbook: to find the best European tech entrepreneur from Helsinki to Madrid, and to sell his/her business to a US technology platform company. Twenty-five of these buy up most of the European venture backed startups.
Why should you care? Why does this matter?
It doesn’t if you are only concerned with creating supernovas. If you take a short-term view, then as soon as you cash out, everyone is happy. Why think too hard about the whoosh of value going to Palo Alto.
