![]() ![]() At the end of 2020, Europe had 115 VC-backed unicorns. According to Atomico’s annual State of European Tech report in 2021, Europe recorded a record $100 billion in capital invested and 98 new unicorns (privately held startups with a valuation over $1 billion), bringing their total to 321. “I tried to run,” he says mildly, as if describing catching a bus, “but sadly was not in the same shape I am now, so they served me.”Īnd he’s got the data to back his argument. They were lawyers from the music industry pursuing him for lawsuits against his peer-to-peer file-sharing startup, Kazaa. Zennström recalls a morning in 2003 when he and his wife, Catherine, left their London apartment and six people showed up on their doorstep, one on a motorcycle. With solid oak floors, Moroccan tiles, vintage furniture, and carefully placed wool rugs, it’s a space designed to soothe and inspire. They are the first in the UK to achieve net-zero certification the boardroom is climate-controlled, with temperatures designed around the individual needs of the company’s workforce. WIRED met the founder of venture capital firm Atomico in the company’s new HQ in Fitzrovia-offices Zennström designed himself. Niklas Zennström is so calm when describing moments of intense upheaval that you suspect the “Zen” in his surname is there for a reason. Nearly two decades after its creation, cofounder Niklas Zennström reflects on the growth of the European ecosystem, posits that combining profit and purpose is critical-and explains why Europe is set to beat Silicon Valley at its own game. Skype was arguably the first breakout European tech company. ![]()
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