Over the last decade, Europe has developed a rapid start-up scene that has given birth to global players, including more than 70 unicorns, and has created more than two million jobs. Investment in European start-ups increased sixfold between 2010 and 2020, reaching approximately €40 billion. Europe does a poorer job of nurturing young companies because of a failure to support their development into industry leaders. Promising European start-ups then struggle to raise the necessary capital to expand and mature. They are forced to either relocate to the US's deep capital markets or sell themselves to larger rivals with more financial availability. As a result, start-ups in the United States can typically raise far more money—up to five times as much as in Europe.
Over the last decade Europe has developed a rapid start-up scene that has given birth to global players including more than 70 unicorns and has created more than two million jobs Investment in European start-ups increased sixfold between 2010 and 2020 reaching approximately €40 billion Europe does a poorer job of nurturing young companies because of a failure to support their development into industry leaders Promising European start-ups then struggle to raise the necessary capital to expand and mature They are forced to either relocate to the US's deep capital markets or sell themselves to larger rivals with more financial availability As a result start-ups in the United States can typically raise far more money—up to five times as much as in Europe