The recurrent theme in European technology world is the area requires Google’s own or Microsoft. Now launch of new funds to support this initiative.
European Project – New Funding to Founder “Troubleshooting Hard issues with technical solutions” – said early to be pulled along with $ 10 million from 128 founders and execution from the beginning of Europe and higher. List, which can See hereIncludes the founder of Clanna, Mistral and SoundCloud; The recipient of success will be every 200,000 (about $ 200,000) to build the idea.
The company must start in Europe, but there is no limit to moving later. Founder also do not have to pay the start to apply. You can apply for an idea or if you are “have tinkering around thesis,” Fund records on the site.
There is one cave. If you are more than 25 years old, stop reading now. European projects limiting themselves to the person who is only 25 and below.
One of the investors in the round explains the terms of the special age of age as the way “supports the next generation of generation.” This focus is in the young founder is to remember from Fellowship ThielThat surrendered $ 100,000 to the tests of the Until in the US, but there is no dropout clause in European projects.
There are extensive discussions on how Europe fail to seize the opportunity to build a business mega technology compared to Meta, Apple, or Google during the past several decades. In many ways, it’s a classic and-egg problem.
Some have already given a pinner Lack of Stage Stage fund As a major bottleneck that brings founders to go to the US, or sell when you get the opportunity.
Others said the problem about risk appetite. Ian Hogarth, Founder-Besar-Besar-Besar-Besar-Besar-Besar who is one of the better ones on the topic, have written about how the company is most promising or Very early sellingSee rankings-. With other words, we will not know what the lack of growing funds will have been proved to be bottleneck. (Hogarth is not between the product of the European project.)
Most likely reasons why Europe has not produced trillion dollars tech companies with hyperskaler sequences that have left the US and Asia. And maybe the debate that the seed fund is a significant gate factor between.
The European project says early investment will give 6,66% equity in new ideas / business if you have caused investment and less if not.
In addition to money, Cohorts receiving 1: 1 Mentorship of one partner in the fund – which includes the RiparBelli’s vico of appearance, and Rina Onur Sirinoglu from Hyke women (which is only women’s partner).
Other thanks include access to 119 people in the fund to advise. Harry StepBINGs, Podcaster-power on 20vC that has build a business from hacking growth and Micro Investmentis one of the European Projections. They offer access to the media Empire as part of the deal.
