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Can Europe Create Billion Dollar Tech Companies

In the past few months there has been much discussion around “unicorns”, the extremely rare tech startups that make it to billion dollar valuations. While most analysis has been done in the US, our report focuses on Europe, which has generated a number of outstanding success stories.We analyse the key attributes of the cohort of European unicorns founded from 2000 onwards, identifying key trends and recurring patterns. We define what it takes to create a European unicorn, and find any parallels and differences with the US.