Quite an earful, right?
Last week, one of Germany's major newspapers, Frankfurter Allgemeine Zeitung, covered in their paid subscription service the dire situation of venture capital in Germany and speaks of a desert: Wagniskapitalwüste.
The study finds that at 3.1% of GDP, Germany comes close to what America spends on R&D with a similar output of scientific publications per capita. This, however, results in only one fourth of so-called technology unicorns: the rare and mystical species of privately held startups valued at $1Bn+. Why? The draught of venture capital--most pressing in later stage startup. Now, the German Private Equity and Venture Capital Association BVK is on the hunt for Wachstumshemmnisse.
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