Apparently not, if venture capital activity on the continent is any indication
has nobody tell European venture capitalists and startup founders we should be on the threshold of a global recession?
With startups and VCs all heralding the demise of investment activity around the world, you’d think a market the size of Europe would be quite affected. But European venture capital activity declined only slightly in the second quarter compared to the previous three months. In addition, venture totals on the continent remained robust, leading to a better-than-expected start-up fundraising performance in the first half of the year.
From a macroeconomic perspective, we have plenty of reasons to be concerned about Europe today. The Russian invasion of Ukraine, the slowdown in global GDP growth, concerns about inflation and tightening of central bank policies be cause for concern, to pick a few issues. So why were European companies’ results so strong?
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