Tech Venture Capitalists Finally Pay Attention to Europe
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Many technology entrepreneurs in Europe have grown accustomed to flying coach on the 11-hour haul to San Francisco. The marathon of meetings with venture-capital firms in Silicon Valley is a ritual they must frequently undertake to raise money for their startups. Simply put, that’s where most of the cash is.
This is starting to change. The latest firm to make a big commitment to European tech is Berlin-based Earlybird Venture Capital GmbH, as reported by Bloomberg.com’s Global Tech blog. LinkedIn Corp. co-founder Konstantin Guericke is joining Earlybird to provide a Silicon Valley perspective. Guericke, 46, invested some of his own money into Earlybird’s new $200 million fund aimed at European startups.