Wise: Europe's next $100B tech giants will focus on AI, fintech, fashion
James Wise · 20VC: Europe's Youngest Series A Venture Partner, James Wise @ Balderton Capital on How To Get Into Venture & What The Future Of The VC Industry Looks Like · Apr 25, 2016 · at 9:07
James Wise, Partner at Balderton Capital, outlines his forecast for the 'third wave' of European technology companies.
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“They're going to go and build the third wave, which is the 10, fifty, hundred billion dollar companies. And they're obviously not going to be competitive with the types of companies built in San Francisco in the same fields, not in sort of the information search. They're going to compete directly with Google, not in the social graph, not going to compete directly with Facebook, but in other areas where actually Europe does have the lead, the merging areas, artificial intelligence fashion, fintech, all of these areas where we've shown the ability to build big companies, I think that's going to be the foundation of a third wave of big businesses”
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