Venture capital funds relatively risky businesses with significant upside. It’s expensive capital. When successful however it has an outsized economic impact. Think PayPal, Square, Google, Facebook Amazon, and Uber. EC bureaucrats worry the EU has insufficient venture capital and is therefore disadvantaged relative to the US in creating big, transformational businesses. When Brussels perceives a… » read more
Posted by Eric Grover
Competition, Economic growth, Economy, Financial Services, Innovation and Growth, Uncategorized, United States |