Europe is the New Hotbed for Tech Startups

WSJ reports that Europe’s entrepreneurs are now leaving Silicon Valley to seek growing opportunities in Europe

The article highlights that Europe has many well-trained engineers and programmers, and hosts a larger pool of consumers than the U.S. The region has produced many pioneering startups. But like Skype, many of them have ended up in U.S. hands.

Despite the challenges faced in Europe’s fiscal, social and economic regulation, the European Union is now trying to create a so-called digital single market.

“The European tech scene has completely changed,” says Mr. Fjeldsoe-Nielsen, who has joined a London-based tech-investment firm. “Opportunities are here now.”

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