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Cultureslurp
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Great observations David. As an American living here in Europe (Barcelona) I can attest to everything you mention. I would also add this... more than capital, Europe needs more EXITS! The life cycle of: fund > grow > exit > return > fund again just doesn't exist here and is a major component of why there is a capital crisis, as you mention, and why investors put there money in revenue-stage businesses and don't roll the dice on innovation.
Toggle Commented Dec 13, 2010 on Building Great Startups in Europe at VentureBlog
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Dec 13, 2010