The article by Ian Hogarth from Plural in the Financial Times highlights the current absence of a trillion-dollar tech company in Europe and outlines the necessary steps to bridge this gap. To achieve this milestone, Europe must embrace boldness, drawing on the expertise and resources of successful founders like Daniel Ek, Xavier Niel, Peter van der Does, Kristo Käämann, and Taavet Hinrikus. It needs to be more patient and build over time instead of selling too fast, which goes with the relentless of founders to achieve a mission when building a company that will change the world.
Furthermore, the success of Europe's tech ecosystem hinges on well-equipped venture capital firms that possess the acumen, connections, and patience to guide ambitious founders in building enduring tech enterprises. Our mission at Isomer Capital is to enable and support technology entrepreneurs from Europe, and to do that, we invest in some of the best early-stage VCs around Europe and provide follow-on capital to some of their breakout companies.
Despite these efforts, fundraising remains a critical challenge, particularly in comparison to the US market where pension funds and endowments play a significant role in fueling venture capital. The State of European Tech Report 2024 reveals a stark contrast, with European pension funds allocating less than 0.01% of their assets to venture capital investments. To catalyze growth, investment decision-makers within these pension funds must adopt a more daring approach recognizing, in addition to performance, the potential long-term benefits of venture capital investments in cultivating future industry leaders and driving economic prosperity for future generations.
#pensionfunds #familyoffices #venturecapital
For more insights, you can read the full article here: https://lnkd.in/e2Hyzzja
