The Builder's Guide to the Tech Galaxy
Thomas Klugkist, Martin Schilling
Europe is in danger of becoming the biggest open-air museum in the world. When it comes to the digitization race, our record is truly abysmal. Unicorn companies are rare in general, but the European variety is scarc er than the rest. While Europe is now home to an encouraging 33% of all VC-backed startups, only 14% of unicorns have found their start on this continent. Another damning figure is that only 2 of the 20 most valuable unicorn companies in the world are European. In short, we fail to scale.