I just read an article on Real Deals, a famous Private Equity and Venture Capital magazine, about two major Venture Capital funds: Accel and Benchmark Capital.
The scope of this article is to describe these two funds that arrived in Europe in 2000, just before the bubble burst, and decided to stay in Europe. Actually, as mentioned the article “they are the only US venture capitalists not to have beaten a hasty retreat”. For them, Europe is “an under-served venture capital market relative to the number of entrepreneurs and technologies in development”. Therefore, considering the European market as a real opportunity, you need to have a local base (ie London).
What strikes me in this excellent article is that Benchmark and Accel do not have an exit track record in Europe: “the big home runs, on which their model is predicated, are yet to come”.
Let’s hope that these home runs will come shortly in order to confirm that the European technological market exists and can create a lot of value!
Subscribe to:
Post Comments (Atom)
3 comments:
Do you know some other big players? I know Sequoia, but I would like to have few more names.
I don't know the European market so well, but in France we do have some success stories (I mean, in terms of ROI for the venture funds). I am think of Meetic, Kelkoo, Business Objects, Sword, Pixmaniaand so on.
Could you give us more information on the VC industry?
Post a Comment