"Historically, Europe's venture capital firms have been staffed by bankers and accountants and they are not usually risk-taking people. In the US, the investors have often been tech entrepreneurs and built successful companies, and they are more willing to take a chance on a new idea."

BCG DV's Ajay Chowdhury discussed European tech start-ups.

BBC spoke with BCG DV's Ajay Chowdhury in an article on ramping up the value of a tech start-up. Chowdhury said European investors are too risk-averse: "Historically, Europe's venture capital firms have been staffed by bankers and accountants and they are not usually risk-taking people. In the US, the investors have often been tech entrepreneurs and built successful companies, and they are more willing to take a chance on a new idea."

BBC