Web 2.0 Startups Find Europe Fertile Ground

Serial entrepreneurs, lots of broadband, and multilingual style blend to raise a bumper crop of search engines, video sites and other Net companies

Europe may not have the equivalent of a Silicon Valley—a single geographical location where money and connections come together to spawn Internet giants like Google (GOOG) and Facebook. But the decentralized nature of European innovation and entrepreneurialism isn't proving an impediment when it comes to social networking and other so-called Web 2.0 services. The continent is veritably overflowing with Web 2.0 startups—many begun by experienced "serial entrepreneurs" who have built one or more companies before, sometimes in the U.S., and are back in the game again.

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