Europe's Tech Startup Boom
Two-year-old London-based startup Garlik has the whiff of Silicon Valley about it. Its co-founders, Tom Ilube and Mike Harris, sold their first Internet-based company for an estimated $1 billion to Citigroup (C). The bulk of Garlik's research and development is outsourced to talented computer engineers in Poland who work for a fraction of what they'd cost in Western Europe. And it is backed by $18 million in venture capital.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.