迈向欧洲科技冠军联赛——以欧洲大型科技公司为例

March 2025 Executive Summary Europe needs biggerTech Champions Big Tech is the modernengine of value creation Ecosystems offer aproven path to $100Bn+ For European Big Tech to develop intotrue US$1 Trillion companies, theyshould embrace the idea of buildingcompounding ecosystems. US Top-7 Tech Giants are 17 timesbigger than Europe's 7 largestcounterparts Value and job creation is increasinglydriven by largest 0.01% of companies Cumulative market cap of the Top-7 largest Techcompanies in US versus Europe (US$ Trillion) All US Big Tech companies has diversified significantlybeyond their core Cumulative market cap of venture funded companiesglobally (US$ Trillion) Global startup & venture capitalintelligence platform. Investing in the AI-enabled Futureof Commerce. Dealroom.cois a global intelligence platform fordiscovering and tracking the most promisingcompanies, technologies and ecosystems. Clientsinclude many of the world’s foremost organizationssuch as Sequoia, Accel, Index Ventures, McKinsey,BCG, Deloitte, Google, AWS, Microsoft, Stripe. Prosusis a global technology company, unlocking an AIfirst world for its 2 billion customers. With investments inmore than 100 companies across the world,Prosusbuildslocal ecommerce champions in growth markets. With leading positions in Food Delivery, Classifieds andFintech,Prosushas created its own unique technologyecosystem, driving innovation, knowledge sharing andgrowth across its portfolio. Dealroompartners closely with local techecosystem development agencies and enablers, tocreate a comprehensive multi-dimensionalblueprint of the tech ecosystem, including capital,talent, innovation, entrepreneurship and overalleconomic dynamism. Through theProsusVentures team, the Group invests innew technology growth opportunities within AI, socialand ecommerce platforms, fintech, B2B software,logistics, health, blockchain, agriculture and more. The team actively backs exceptional entrepreneurs whoare using technology to improve people’s everyday lives. “Europe has all the ingredients for a thrivingecosystem: high-income consumers, top talent, andinnovative companies. But it is getting stuck with toomuch focus on risks and regulations. Europe is losing ground to the USA and China. The world’s top techgiants—Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia, and Tesla—areworth over US$17 trillion, accounting for a third of the total S&P 500valuation. Meanwhile, Europe has just six companies valued overUS$100bn, compared to 33 in the US. Europe needs more Big Tech. FabricioBloisiCEO AtProsus, we are ready to do our part and help build the next generationof European US$1 trillion companies.” 1. The need for European Big Tech The US appears tobe pulling away fromeveryone else. Europe feelsdecades behind …Is it a lost race? While the US andChina surged aheadin Tech, Europechose regulation. The result? A maze of inconsistent andrestrictive rules—AI Act, NIS2,Digital Services Act, GDPR, andmore—that choke innovation. Add to that the burden ofheavy reporting requirementslike CSRD, and it is clear whyEuropean tech is struggling tocompete. US top-7 Tech Giants are 17 times bigger than Europe's 7 largest counterparts 2. Reasons to be bullish about Europe Europe's foundation forinnovation is remarkably strong More than half of theworldʼstopscience clustersare inEurope (Dealroom) High share of top-tierresearchers(Clarivate) Highest concentrationofAI talent(Sequoia) The London-Paris-Amsterdam “New PaloAlto” cluster ranks thirdglobally for unicorns, afterthe Bay Area and Beijing(Dealroom) Europe excels inComputer Scienceand Engineeringuniversityrankings(THE2022) Europeanstudentsare moreinto science thanthe US (BenedictEvans) Europeanengineersare alsomuch less costly (YCombinator News) 9 of the world’s top20 scientific techclusters are inEurope. Europenow has 684 unicorns spread across65 cities, with the highest concentration inNew Palo Alto, a dense supercluster ofconnected tech ecosystems …. Europe hasa per-capitaconcentrationof AI expertsamong softwareengineers 30%higher than theUS and almostthree times ashigh as China. Europe is trailing inGenAItalent, but remains competitive for the nextwave in Robotics, Autonomous Vehicles and AI-enabled manufacturing Europe's contributions in AI are far moresignificant than people think or report DeepMind emerged from Londonbefore Google's acquisition, and itsfounder Demis Hassabis, now NobelPrize winner, runs Google AI efforts. Mistral is competitive with thebest AI labs (and its new appLe Chat is very fast…). LLama, Meta'sfoundational model,was invented in Paris. Hugging Face, the heart of the open-source AIcommunity globally was started by Frenchfounders. Europe is producing its fair share of belovedfast-growing AI applications, such as 11x,ElevenLabs, Granola, and Lovable. In the 1990s and early 2000s, when the Mag 7 were created, Europeanventure capital was still nascent. Today, Europe VC is coming of a