Spotify Technology SA co-founder Daniel Ek will invest 1 billion euros of his personal assets to fund early-stage European start-ups.
Mr Ek is hoping that improving funding opportunities to European technology start-ups will challenge the dominance of the Silicon Valley and improve prospects for the companies located in Europe. “Some of the most promising tech talent in the world automatically leaves Europe because they don’t feel valued here. We need more super-companies that raise the bar and can act as an inspiration,” he said. Read the full article here: https://www.ft.com/content/aad03856-986b-472d-b7f3-0409da6add55