Dec 22, 2009

Lessons From 10 Disappointing Euro Tech Stories Of 2009


So it's the end of 2009 and an appropiate time to take stock. We're not going to bore you with a long analysis of the year. Suffice it to say that funding for Europen startup tech companies remains tight. And when VCs who are running out of LPs to go to, you really know it is. The VC model is still finding its feet in a market where exits are still not that clear. For many companies 2009 was a nightmare - especially the first half. But anecdotal evidence I've been picking up suggests that confidence in the European tech scene re-started tentatively after the summer. Hopefully, conversations that have been going on for the last few months will see the light of day in new announcements, launches and, I daresay, one or two exits in the new year.

So it’s the end of 2009 and an appropiate time to take stock. We’re not going to bore you with a long analysis of the year. Suffice it to say that funding for Europen startup tech companies remains tight. And when VCs who are running out of LPs to go to, you really know it is. The VC model is still finding its feet in a market where exits are still not that clear. For many companies 2009 was a nightmare – especially the first half. But anecdotal evidence I’ve been picking up suggests that confidence in the European tech scene re-started tentatively after the summer. Hopefully, conversations that have been going on for the last few months will see the light of day in new announcements, launches and, I daresay, one or two exits in the new year.


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