Pursuits
One Hundred Million Buys Much More in Berlin Than Silicon Valley
- Google, Microsoft, Salesforce on hunt for European startups
- Dearth of venture capital in Europe 15 years after dotcom bust
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For years, the venture capital industry has lavished money on Silicon Valley and Asia. Now, Europe is getting some love.
Salesforce.com Inc., Microsoft Corp., Intel Corp. and Google are all scouring Western Europe for promising tech outfits -- from data-mappers and mobile payment firms to game and cloud software makers. Traditional venture capital shops such as Sequoia Capital have an appetite for European startups, too.