Even Europe is Experiencing Entrepreneurial Economic Growth

Now we know for certain that this entrepreneurial economic recovery has hit full steam ahead. Europe is even seeing significant growth!
The European Venture Capital Association reports that in 2003 there was over 29 billion euros invested in over 7400 companies. What is even more encouraging about this news is that European VCs tend to invest smaller amounts of money in earlier stage firms than is seen in the US. While the European economy tends to lag the US, this high level of investment in early stage ventures should be a better leading indicator for the global economy than US VCs, which focus on larger investments in later stage financing deals.