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10 Takeaways from the "State of European Tech 2024" Report
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10 Takeaways from the "State of European Tech 2024" Report

Synthesizing Insights From the Data

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Andre Retterath
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Jerome Jaggi
Nov 26, 2024
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10 Takeaways from the "State of European Tech 2024" Report
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👋 Hey, Andre here! Welcome to this week’s ✨free episode✨. Each week I explore how to become a better investor with data, AI, and modern tools.

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I recently came across a chart highlighting that the great majority of World Bank policy reports never get downloaded. So much valuable thoughts and work, and nobody cares.

Unfortunately, I think this is true for many more reports these days. In times of GenAI, people are just overwhelmed with content and noise. This being said, we’d like to dedicate today’s episode to providing more signal in a world full of noise.

… Only Got 2 Minutes Left?

One report that is known by everyone and read by most (at least in the tech world) is Atomico’s annual State of European Tech. It’s a data-driven report that just got published for the 10th time but despite it’s fame, not everyone finds the time to actually read it end-to-end. If this sounds familiar, then this episode is for you ;)


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10 Key Takeaways from the “State of European Tech” Report

1️⃣ Europe has built a world-class talent pool

3.5m people work in European tech today, 7x the number in 2015


2️⃣ 10x capital in ten years

$ 426bn funding has been invested in Europe in the last decade vs $ 43bn in the decade before


3️⃣ Founders have levelled up - more companies, more ambition

Europe is now home to 35k early stage companies, 8x more growth companies than a decade ago, and 358 billion-dollar breakout companies

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