This week, Liam from the Rude Baguette takes on The Economist in a great article that discusses how strong the European startup scene truly is. As The Economist released an article that seams to beat down the French and German startup scene, Liam analyses some of their statistics, but more importantly highlighted some of the great news that has come out of the Europe startup scene just this week.
I prefer to report what is happening, and what’s good for France, and Europe, instead of stomping my feet to the same “no billion dollar exit in Europe” mantra.
Liam goes on to mention:
- Google’s purchase of Sparrow – a French startup
- Carpooling, a German-based startup, raising funding to start in the US.
- Kwaga’s purchase of Boxcar
Just as one US company buys a French startup, so a French startup buys a US startup – smart address book startup Kwaga purchased the pioneers of push notifications, BoxCar.
As he wraps up the article, Liam gives a few words of advice to European: ignore these articles that declare the US startup scene is stronger, just keep creating these great startups!