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> Start-up funding raised is much lower than in the US.

> The number of US. and European start-ups is comparable. However, European start-ups only raised 23% the amount raised by their US. counterparts.

This is the second biggest problem we have in Europe, we cannot compete with startups experimenting new markets with 2-3 even 4 times the financial power of an European one.

> Early-stage exit valuations are much lower than in the US.

> Early stage exits are valued 16%-20% the amount of the US. counterparts. Comparatively lower funding for latter stages and fewer buyers, relative to the US.

This is the biggest problem, we cannot solve the first one, without giving to investors a real opportunity to exit. We continuously miss this point, no exit means no money, how an investor can put money on something the exit is very difficult?