EBAN - European Business Angel Network’s Post

The gift of @atomico to business angels is here: The State of the European Tech executive summary is out! This comprehensive overview encapsulates the most crucial data points of the year, delving into key indicators of the ecosystem's health and spotlighting both challenges and favorable aspects. 📊 Key findings indicate a global decline in investment levels, marking a market reset that extends far beyond European borders. Projections for 2023 suggest a decrease to less than half of the peak seen in 2021 across all global regions. 🚀 Despite a global slowdown, Europe stands out as a leader in producing new tech founders, consistently surpassing the United States over the past five years. The resilience of European entrepreneurs shines through, even with a heightened threshold for entering entrepreneurship. 💰 Following a downturn resulting in a $400 billion reduction in ecosystem value, there's exciting news of a significant rebound, bringing the total ecosystem value back to an impressive $3 trillion. This resurgence is attributed to a robust recovery in public markets, elevating Europe's value to its historical peak. 📖 Curious to explore further? Read the full report here: https://lnkd.in/dinKKdaD

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