Sean Seton-Rogers, founding partner at PROfounders Capital, explains why Europe has historically produced fewer mega-scale tech companies than the US.
0:00 / 0:14exact quote · 14.2s
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“Europe's got great founders. It's got the capital now. It's got the great technical expertise as well. But what we don't have, we haven't had people that have been through big companies multiple times and can take companies from fifty million in revenue to five hundred million in revenue.”
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More from Sean Seton-Rogers
PredictionHeld up
Seton-Rogers predicts Europe will produce $10 billion tech companies
“And I'm very adamant about this. I think Europe's incredibly well-positioned going forward to create the next, not billion, but ten billion dollar companies.”
Sean Seton-RogersSep 2, 2015▶ 5:1520 VC 068: Why Now Is The Best Time To Be An Entrepreneur with Sean Seton-Rogers @ PROfounders Capital
Insight
Seton-Rogers: VC investors must be local for a startup's first two rounds
“So when you're investing in the first two rounds of a company, you need to be close by, and the U.S. Funds are just too far away to do that.”
Sean Seton-RogersSep 2, 2015▶ 5:3720 VC 068: Why Now Is The Best Time To Be An Entrepreneur with Sean Seton-Rogers @ PROfounders Capital
Insight
Seton-Rogers: Early capital surplus raises the bar for European Series B/C
“However, what it's done is it's actually raised the bar for the follow-on rounds of financing. So now when you need to raise that Series B or Series C, there hasn't been the commensurate growth in capital available at those stages, which means the bar is highe…”
Sean Seton-RogersSep 2, 2015▶ 7:1320 VC 068: Why Now Is The Best Time To Be An Entrepreneur with Sean Seton-Rogers @ PROfounders Capital
Opinion
Seton-Rogers: Berlin's tech ecosystem is growing faster than London's
“And so London is ahead. But if you look Berlin's on a faster growth trajectory.”
Sean Seton-RogersSep 2, 2015▶ 13:5720 VC 068: Why Now Is The Best Time To Be An Entrepreneur with Sean Seton-Rogers @ PROfounders Capital
AssertionNot checkable as stated
Seton-Rogers: Berlin's immigration rules make it better at attracting US talent than London
“And I think, if anything, Berlin, it's easier to do that than it is in London right now. And Berlin's got a little bit of a zeitgeist moment right now, And the immigration is slightly easier and it's slightly more attractive to people coming from the US.”
Sean Seton-RogersSep 2, 2015▶ 15:2820 VC 068: Why Now Is The Best Time To Be An Entrepreneur with Sean Seton-Rogers @ PROfounders Capital
Opinion
Seton-Rogers: Good startups can raise all the capital they want
“I do believe in a in a very equitable kind of marketplace right now from an investing perspective, and good companies are able to raise all the money that they want. I passionately believe that's, that, that's true.”
Sean Seton-RogersSep 2, 2015▶ 16:5920 VC 068: Why Now Is The Best Time To Be An Entrepreneur with Sean Seton-Rogers @ PROfounders Capital
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