Sure, the Dollar may be weaker than the Euro these days (although it’s getting better!), but if you’re an entrepreneur it still pays to be based Stateside. That’s because European VCs are investing less money in fewer start-ups, according to a new report from Dow Jones VentureSource (via the NYTimes). Specifically, VC firms funded a full 42% fewer businesses than they did last year. And the amount they’re investing declined as well. That figure dropped by 35%, to $1.3 billion dollars.
Comparatively, VC investments here in the U.S. have only dropped 19% over the same period. Normally we’d gloat, but we’re not sure they’re any winners here.
European entrepreneurs won’t be seeing much of this.