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Unicorn bookends7/23/2023 ![]() The ecosystem is in a strong position despite current headwinds, thanks to its flywheel of inter-generational talent spawning from unicorns. Our recently launched Founder Factories Report explores the unicorns, or “founder factories,” now producing the largest amount of entrepreneurial talent in the region and the resulting journey from unicorn employee to tech founder. Since opening our London office 23 years ago, the Accel team has backed some of Europe’s greatest startup success stories, including Celonis, Miro, Monzo, Personio Spotify, Supercell, UiPath and Vinted. ![]() As a result, we’re now seeing a spinning flywheel effect, in which unicorn pedigree and know-how is trickling down and fueling the next wave of ambitious entrepreneurs similar to what we have seen in the U.S. ![]() This in turn has encouraged employees from some of Europe’s biggest tech success stories to take their experience working at a unicorn, use it to found the next generation of startups and win venture backing. In the last two decades, we’ve seen a wealth of strong founders and operators emerge across Europe and Israel, building innovative products and category-defining, unicorn companies that are competing on the global stage. Talent is the cornerstone of any successful tech ecosystem.
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