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August 30, 2006
Euro Seen As Expensive By US VCs
Even after all these years of Euro being the standard currency in Europe Union (except for the UK and a couple of the Nordic and new EU countries) there are still some strange notions about it. A new one we heard yesterday is that US VCs think of it as "expensive" when considering a European investment.
The Euro : Colorful, Controversial, Practical (And Less Currency Conversion Makes Our Jobs As Journos Easier)
It came up during a phone interview yesterday with Nicolas von Bülow of Clipperton Finance, a corporate finance boutique that is specialized in tech and media deals, while working on a feature story for one of our freelance markets.
He said he often has to help the US investors get over the perception that the Euro is "expensive". He said, "For some reason, they think the Dollar and the Euro should be on par. Why should it? What's that all about?"
Indeed, instead of looking at that, all the US VC has to do is look at the valuations, which are still lower over here than in the hotter US market. Clipperton recently put together good-sized syndicates for two semiconductor startups here: Sequans, specialized in Wimax, and Dibcom, specialized in mobile TV.
Read - Sequans raises $24m in financing led by Kennet Venture Partners (clipperton)
Read -DiBcom raises €24.5M round led by Partech International (clipperton)
Posted on August 30, 2006 02:02 PM | Posted to Venture Capital | Permalink
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