An Exploratory Comparison between Unicorns and lower valued Startups in Europe

Ramon Compano (), Giuseppina Testa and Peter Fako ()
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Ramon Compano: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Peter Fako: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC132791, JRC Research Reports from Joint Research Centre

Abstract: This report compares and contrasts the characteristics of unicorns to those of start-up companies in general in Europe, with a particular focus on the influence on the trajectory of these companies of location, industry, and the reputation of venture capitalists investing in them. The analysis is based on a sample of 16,004 start-up companies headquartered in Europe. Our results shows that unicorns mostly emerge in a limited number of countries and metropolitan areas. They primarily operate in high-technology sectors and tend to attract venture capitalists with established and reputable backgrounds. In contrast, the geographical incidence of lower valued startup companies is less concentrated though still predominantly located in major entrepreneurial hubs. These start-ups are often funded by local VC funds and many of them receive government support.

Date: 2024-09
New Economics Papers: this item is included in nep-ent, nep-eur and nep-sbm
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