The past year has been a prolific one for the European venture ecosystem, with a record $23 billion invested and $107 billion in exits for European VC-backed companies. This latter figure highlights a rather surmountable gap when compared to the U.S., which saw $136 billion in exits.
There are reasons to be optimistic, although not due to lack of challenges. Concern has emerged regarding the impact of technology on society. More specifically, it is difficult to ignore the discrepancy between the speed of technological innovation and the much slower rate of societal change to complement it (i.e. job automation).
