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1/18/14

EU Hi-Tech Industry: EU startup scene in bustling, vibrant shape so why can't Silicon Valley Find Europe ? - by Sten Tamkivi

Go to Europe these days – to Berlin, London, Helsinki – drop in on any of the regional tech confabs and you will quickly see that the European startup scene is in the most bustling, vibrant shape it’s ever been.

The potential is everywhere, and the energy is undeniable. Then you return Stateside, in my case to Palo Alto, and Europe isn’t just irrelevant among the tech industry power-set. It has virtually ceased to exist.

That is a mistake. Blame for the ruptured relationship lies on both sides of the Atlantic, but it is Europeans that have the power, and should have the motivation, to mend things.

I’m proud to be Estonian and European, but recently realized that very soon I will have been living in California for 10 percent of my life. I had a front-row seat to the first Internet boom as an exchange student at the super-wired Monta Vista High School in Apple’s backyard. I returned to the U.S. with some frequency initially as an executive with Skype, and later to pursue a business degree at Stanford.

My latest perch in Silicon Valley today is as an entrepreneur-in-residence with venture capital firm Andreessen Horowitz.

Let me give you a small taste of the way Europe was woven into the discussion at Stanford’s Graduate School of Business. Over the course of four quarters I heard one professor make one joke about short-term macroeconomic troubles in Greece.

We also had a visit from a well-dressed and charming British banker in our private equity class. That’s it. No European startups, no cases of European success stories or failures. A joke and a banker.

Read more: Why Silicon Valley Can’t Find Europe | TechCrunch

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