The USA’s long-held supremacy over venture capital and startup activity is now sorely tested by the rapid ascent of the European startup ecosystem. For decades – as late as the mid-1990s – venture capital was almost an exclusively American phenomenon, thanks to Silicon Valley. However, things have started changing as VC’s slowly begin to venture outside the US.
Sweden tops the list
In the last few years, we have seen tremendous growth in startups and VC activities globally, especially in Europe and Asia. Notably, the geography of both startup activity and venture capital investment is undergoing a profound period of globalisation.
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