David York, founder of Top Tier Capital, shared his insights in our latest episode of the 10X Capital Podcast. He discusses the forces that make Europe undervalued in the venture capital space. According to York, the cost of doing business and the bureaucracy are factors that have traditionally deterred investors from Europe. But, things are changing.
Over the last three decades, there's been a gradual homogenization of the workforce. This shift in attitudes has bred a more mobile workforce and established thriving hubs across Europe, from gaming in Helsinki to AI programming in Paris and London.
Moreover, David York shared that valuations in Europe are typically 20-30% lower than in the US. This gap was even wider in 2016, with European valuations being only half of their US counterparts. So the question arises, are we overlooking a goldmine of opportunities in Europe?
Tune into E49 of the 10X Capital Podcast to delve deeper into David York's insights on European venture capital.
