The Problem With Taxpayer Money in Startups

European Straits #151

Hi, it’s Nicolas from The Family. Today, I’m discussing the very specific context in which the state and private sector investors actually complement each other.

We’ve all seen the articles about US venture capital firms 🇺🇸 making inroads in Europe 🇪🇺: see here, here, and here for instance. Indeed, a lot has been written to inform a European audience about what it means for the continent. As for me, I wanted to compile some advice for those US investors if they want to make their way in the pan-European ecosystem. ⚠️ It’s my latest column in Sifted, and you can read it here: US Venture Capitalists: Here Are 10 Tips If You Want to Make It in Europe ⚠️

Another thing: last week’s issue, about Capitalism and the Future of Nation States, was the most read ever in the history of this newsletter 🎉. So thanks to Stefano Bernardi, who initiated the discussion; thanks to everyone who shared it, including FT Alphaville, Barry Ritholtz, and many others; and thanks to Substack, which makes it s…