Atomico partner Tom Wehmeier chatting to the etn. team about the incredible European fly-wheel of success 🎡. As Tom says "That's why I'm so optimistic about European tech. There's such a sense of inevitability." 🇪🇺 🚀
Tom Wehmeier, Partner & Head of Intelligence at Atomico, on the European tech flywheel: "One generation influences, inspires, and becomes role models to the next generation. That's been the story of European tech for two decades." Skype inspired Spotify. Spotify inspired Wise. Wise is inspiring the next wave, such as Lovable, Klarna and Legora. "You see that effect playing out at scale across Europe. That's why I'm so optimistic about European tech. There's such a sense of inevitability." The ambition bar keeps rising. When Atomico started their report, they talked about €1 billion companies. Then €10 billion. Then €100 billion. Now it's €1 trillion companies. "What we need to see now is this diffuse through the broader economy. How do we get policymakers to think with that level of ambition? How do we get corporates taking more risk and betting on innovation? That's where we're leaving value on the table."