This piece was written in collaboration with the AllocateGP team which is building a community of European emerging VC managers and forward-thinking LPs.
The European venture capital market needs a makeover. Over the last two decades, Europe has struggled to keep up with its US counterpart. Historically, returns in European venture has lagged the US, which over time have given rise to a poor perception of Europe. However, over the last few years, the European venture landscape has shown signs of significant change for the better—with the returns starting to come through. Perhaps it is time to debunk several myths that people believe about European tech, and by doing so, we will shed some light on the investment opportunities emerging in Europe.
Myth #1: Europe Lacks Innovation And Talent.
Often, investors and entrepreneurs remark that truly breakthrough technologies