Julie Meyer, a leading investor and entrepreneur in digital, high-growth, early stage businesses, has argued in the Financial Times that “a local alternative to Silicon Valley’s disruption mantra is needed,” as start-up value rushes from Europe to Palo Alto.
Although every industry faces a digital disruption – a phenomenon that lies at the root of Palo Alto culture – Julie is convinced that “the unit economics are much stronger in start-ups that enable and extend the existing infrastructure than in those that disrupt the incumbents.” Julie believes that these traits are more likely to be found in Europe, where they “fundamentally want a sustainable ecosystem: for consumers and employees both to win.”
Julie explains that “if Europe tries to imitate Palo Alto it will always be second rate.” As such, she notes that the industry should reflect on the unique assets of its entrepreneurs, and the context in which they build their businesses.
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