Key findings of our unicorn analysis

  • All investors have poor investment target selection capabilities, although some are slightly better than others
  • The investment gap between the USA and Europe is in the order of € 100 billion annually
  • Europe has no strategic sovereignty, and in a business-as-usual scenario, this is likely to erode further
  • Europe has no investors that can fund mega-deals
  • The structure of the European VC industry dus not create competition and excellence
  • The European Commission’s efforts to achieve strategic governance are not achieving their objectives
  • To address fundamental discrepancies between the USA and Europe, Europe needs to change the structure of its pension systems
  • Money only will not remove the discrepancies between the USA and Europe. More transformational changes are required