Winning Formula: How Europe's Top Tech Start-ups Get It RIGHT
45 minutes
|
January 11, 2022
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Key takeaways
- Europe's top tech startups excel by adopting one of four strategies: network, scale, product, or deep tech, each essential for growth.
- Key to startup success: strategic plays tailored to specific strengths, like product innovation or M&A activities, driving towards unicorn status.
- Achieving unicorn status requires €100M-€200M in funding, with most reaching this within ten years, highlighting diverse paths to high valuations.
An articles by McKinsey:
It’s evident Europe’s top 1000 start-ups have figured out how to consistently accelerate growth at unprecedented rates. Mckinsey reveals the four strategic plays that make them successful and help VCs pick winners.
In today’s ultra-competitive tech industry, success is the result of the winning formula of a great idea and execution. Drawn from interviews with over 100 investors, entrepreneurs, academics and tech executives across Europe, the article investigates why European start-ups have been so successfully disruptive in recent years. The piece explores why and how they have managed to beat the odds, what barriers they have overcome, and what can be learned from their experiences.