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June 16, 2004
Even Europe is Experiencing Entrepreneurial Economic Growth
Now we know for certain that this entrepreneurial economic recovery has hit full steam ahead. Europe is even seeing significant growth!
The European Venture Capital Association reports that in 2003 there was over 29 billion euros invested in over 7400 companies. What is even more encouraging about this news is that European VCs tend to invest smaller amounts of money in earlier stage firms than is seen in the US. While the European economy tends to lag the US, this high level of investment in early stage ventures should be a better leading indicator for the global economy than US VCs, which focus on larger investments in later stage financing deals.
Posted June 16, 2004 06:40 AM
Comments
European trend to invest smaller amount of money in earlier stages firms then seen in US. I thought that it is result of broad participation of small investors in economic growth. In such a case it reflects optimistic attitude of European investors and forcasts economic recovery. How fast and big that economic recovery is going to be,it is another issue. One has to keep in mind that Europe's economy is more regulated and restrained by their law then in US, there are number of political, social and legal issues with new and very diverse members of EU. Historically, their economy has not been able to match the US. Nevertheless the investment trend seen in Europe is good predictive indicator of world's economic recovery.
Posted by: Ewa Wilk-Durakiewicz at June 17, 2004 02:37 PM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
