10 Takeaways from the "State of European Tech 2024" Report
Synthesizing Insights From the Data
👋 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.
In case you missed it:
Subscribe to get access to these posts, and every post in our library of 200+ deep dives👇
Brought to you by Harmonic - The Sourcing Tool for Data-driven VCs
Harmonic is the startup discovery tool trusted by VCs and sales teams in search of breakout companies. Accel, YC, Brex, and hundreds more use Harmonic to:
Discover new startups in any sector, geography, or stage including stealth
Track companies’ performance with insights on fundraising, hiring, web traffic, and more
Monitor their networks for the next generation of founders
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 ;)
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