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June 28, 2007
Forbes on EuroFroth
Forbes reports on European tech venture, seeing signs of a mini-bubble but also giving plenty of space to mention some European tech ventures, such as Iminent, Netvibes, Garlik, Smaato, FON, smeet, and Properazzi. These are startups regular readers will be familiar with.
Quoted is Mark Tluszcz, a managing partner at Luxembourg-based Mangrove Capital Partners and an early backer of Skype, who in true VC style bemoans valuations and cuts to the chase about the weakness in blockbuster exit activity.
"I get excited by the evolution of the European venture scene, but I am very concerned about froth," he says. "Our market has not had the exits to justify the valuations we are seeing."
While Herman Hauser takes the opportunity to mention portfolio company Plastic Logic to the thousands of readers of that business publication.
The news nugget of the Forbes piece is here:
The multi-lingual buzz at the Innovate!Europe 2007 conference in Zaragoza was one sign that the pace of starting tech companies in Europe is picking up.
Actually entrepreneurs never stopped founding companies over the past six post-bubble years. (We just cannot help kibbitzing). It is just that the business press, potential customers, and VCs have started to put some stock in them again.
Read EuroFroth
Posted on June 28, 2007 06:21 AM | Posted to News And Updates | Permalink
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