It's unclear to me if Europe can move any faster than they can boot strap a VC culture. They can only grow a cadre of VC partners through experience. Some American firms have branches in Europe, and there are some European VCs that have decent scale, but I would guess it's 1/4th the size of the US venture business. Maybe less if you factor out investment that doesn't really look like US venture investment. European institutions should step up in the role of limiteds.
The article doesn't give a lot of details, but the ones it does aren't inspiring confidence. A six month decision process is wildly incompatible with startup needs. EIB might be better off being limited partners in existing European VCs.
The article doesn't give a lot of details, but the ones it does aren't inspiring confidence. A six month decision process is wildly incompatible with startup needs. EIB might be better off being limited partners in existing European VCs.