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Recently in Innovate! Europe '05 Category
[Posted on June 22, 2005 - 2:27 PM]
CNET News.com has an article about Cisco Systems Inc.'s conference in Las Vegas, at which chief executive John Chambers had some bold words about the company's future. He said the company expects to announce a new "advanced technology" about once every every three to four months in the coming fiscal year, which begins in August. These advanced technologies are areas...

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[Posted on June 15, 2005 - 5:45 PM]
A major challenge for European startups targeting the enterprise is that large purchasers of technology in Europe are usually unwilling to buy from a new vendor. JP Rangaswami, global chief information officer of Dresdner Kleinwort Wasserstein, said he'll consider a startup if it is solving a problem the financial institution has. The provider must also fit three other criteria that...

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[Posted on June 15, 2005 - 1:50 PM]
Flickr and Buzznet have some competition. 23 Ltd. launched today at the Innovate! Europe '05 conference as a photo sharing site that founder Thomas Madsen-Mygdal claims is easier to use than the two established online photo communities. Named after the theory that says there is more than a 50% chance of two people sharing the same birthday in a group...

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[Posted on June 15, 2005 - 1:15 PM]
The inability to internationalize is a major reason few European startups have been able to grow into global technology companies. Unlike American startups, which can first sell their product in a domestic market of 296 million people and then go international. No European startup operates in a domestic market greater than 80 million people. This makes venturing across borders early...

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[Posted on June 15, 2005 - 12:22 PM]
There are a few bright spots amid all the darkness that many believe encompasses Europe when it comes to commercializing its rich technology. MySQL AB, a Swedish-born open-source database company is one of them. It's the largest open-source software company in the world, has raised venture capital from Benchmark Capital and Index Ventures, has 200 employees, a reported $20 million...

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[Posted on June 14, 2005 - 3:46 PM]
The exit markets in Europe are proving to be even more difficult than those in the US. There were only 34 high-tech IPOs in Europe last year, compared with 67 in the United States. Worse, the only viable exit for venture-backed startups comes in the form of sales to corporations an ocean away. And there were plenty of those last...

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[Posted on June 14, 2005 - 12:41 PM]
There have been some that claim the venture capital model is broken. That startups no longer need to raise money from professional investors. That lower startup costs allow entrepreneurs to do it on their own. Of course, that's true in some cases. But, in others, it's not. As proof, consider the situation in Spain, where there is no such thing...

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[Posted on June 14, 2005 - 12:39 PM]
Fear of failure is one of the many reasons cited for Europe's relatively weak high-tech startup and venture capital scene. But now it appears that a fear of success is another obstacle. While speaking at the Innovate Europe conference this morning, Sven Lingjaerde, a general partner at Burlingame-based Vision Capital said Europe "needs to accept success." He noted that people...

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Episode 11, Behind the Money: Rob Kalin, Etsy Inc.

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Rob Kalin stepped aside as CEO of Etsy Inc. on Tuesday. We first met him last November, when he shared the story of his online crafts marketplace.
 



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