There’s been a lot of debate about the role of VC backing for startups in Europe recently, not least because we’ve been pushing the issue to try and provoke a response from European VCs who – with notable exceptions of course – tend not to come out fighting quite as much as their US peers. The majority of European VCs tend to blog less, tweet less and, as a result much of the debate about VC comes from disgruntled European entrepreneurs. But now one really has come out fighting.
German VC firm Earlybird has produced a long slide presentation and written notes – written by Hendrik Brandis and Jason Whitmire – that argues that although the European venture industry is a quarter of the size of the U.S. market, proportionally speaking it is outperforming the US VC industry in returns. As a result, Limited Partners (LIPs) – the funds that invest in VCs – should start sitting up and taking notice. It has to be said of course that as VCs across the globe battle for funding, it is in their interests to come out swinging from their corner to fight for these funds.