Europe is neck-deep in one of its largest financial crises ever. In the midst of this nuclear winter of finance, European startups are jealously reading about mega seed and hyper A/B/C funding rounds taking place across the Atlantic. Funding is a well-known and well-documented issue for European startups, even in the good times. According to the Economist it is one of the prime reasons why European startups lag their American counterparts, while The New York Times recently stated it’s why Europe is unlikely to produce the next Facebook. Therefore local founders have been looking at ways to overcome the issue; turning to crowdfunding, accelerators, and New York for solutions. My startup, Favour.it, found a smart way to make funding easier and faster, even in Europe.
To read the original article: How we got funded in the midst of Europe’s finance freeze | VentureBeat
