Why this VC who co-founded a $30 billion Softbank-owned semiconductor firm is bullish on Europe's tech future — 'We have the money, we just don’t know how to allocate it’

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Why this VC who co-founded a $30 billion Softbank-owned semiconductor firm is bullish on Europe's tech future — 'We have the money, we just don’t know how to allocate it’
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'If you look at the first 20 years of Silicon Valley, it was not successful. But Europe's just had our first 20 years.'

to European tech in the next seven years. The funding is part of the extended Horizon Europe project which was provisionally approved under the EU's long term budget, with support for both research and businesses in the form of grants and loans.Helping the effort: The European Research Council.

For example, Hauser says plenty of people have experience of scaling a company from say $300 million to $500 million in Silicon Valley, but very few in Europe. Getting that talent and management expertise into European companies can help with some of those growth challenges. "If you look at the first 20 years of Silicon Valley, it was not successful. But Europe's just had our first 20 years," Hauser said."I'm particularly positive about fintech in Berlin and London."

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