{"id":103472,"date":"2018-12-04T05:45:35","date_gmt":"2018-12-04T05:45:35","guid":{"rendered":"https:\/\/www.bnreport.com\/niklas-zennstrom\/"},"modified":"2018-12-04T05:45:35","modified_gmt":"2018-12-04T05:45:35","slug":"niklas-zennstrom","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/niklas-zennstrom\/","title":{"rendered":"Niklas Zennstr\u00f6m"},"content":{"rendered":"<p>LONDON \u2014 Niklas Zennstr\u00f6m has a message for Europe: Dont stop now. Exceedingly tall with an almost shoulder-length mop of blond hair, the Swedish co-founder of Skype has spent the last 15 years trying to convince Europe that it can compete on the global stage when it comes to technology. His drive \u2014 first at Skype and now at Atomico, a London-based venture capital fund he co-founded in 2006 \u2014 is starting to pay off.<\/p>\n<p>When Zennstr\u00f6m co-founded the online communication company in 2003, few European startups had become so-called unicorns, or fledgling tech firms valued at more than \u20ac1 billion. Now, the Continent is home to <a href=\"https:\/\/www.politico.eu\/article\/sweden-rivals-silicon-valley-in-breeding-startups\/\" rel=\"noreferrer\" target=\"_blank\">small herds of galloping unicorns<\/a> \u2014 many of them funded by Atomico. Europe still lags behind the United States and China when it comes to producing these digital beasts. But annual tech investment last year in the regions startup industry hit a record $19.1 billion, a 32 percent rise on 2016.<\/p>\n<p><a href=\"https:\/\/www.politico.eu\/article\/politico-28-who-to-watch-in-2019-letter-from-the-editors\/\" rel=\"noreferrer\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2018\/12\/P28-2019-ad-imageGREY_A_space-.png\"\/><\/a><\/p>\n<p>Thats a sign, says Zennstr\u00f6m, 52, that the Continent is headed toward greener pastures, and that Europe may one day be known less for its eagerness to push back against Big Tech than for its own, homegrown entrepreneurial spirit. \u201cIts not about how many unicorns you have,\u201d he says over coffee at his funds upmarket offices in west London, home to many of Europes largest venture houses. \u201cIts more important how you drive innovation and growth. For Europe, it shows that we can be part of the future.\u201d<\/p>\n<p>Dark clouds, however, are never too far away. After a spate of high-profile scandals and record-breaking fines for antitrust and tax violations against some of the worlds biggest tech companies, European officials are casting <a href=\"https:\/\/www.politico.eu\/article\/big-tech-headache-an-unwanted-role-in-politics\/\" rel=\"noreferrer\" target=\"_blank\">skeptical eyes<\/a> toward American digital giants like Google, Amazon and Facebook. Trust, both between the tech sector and the wider public, as well as between industry executives and government regulators, is quickly eroding, as Europeans grow wary about digital technologys intrusion in their everyday lives.<\/p>\n<blockquote><p> \u201cWe need more dialogue between European tech and the Commission\u201d \u2014 <em>Niklas Zennstr\u00f6m<\/em><\/p>\n<\/blockquote>\n<p>\u201cAs a tech community, we havent engaged with policymakers,\u201d says Zennstr\u00f6m, who is president of the European Tech Alliance, a trade group of EU firms whose members include Spotify, the Swedish music-streaming service. \u201cNow is the time that we need more dialogue between European tech and the [European] Commission.\u201d<\/p>\n<p>Like many Swedes who balance an entrepreneurial streak with an embrace of a social safety net, Zennstr\u00f6ms ethos is a blend of Silicon Valley ruthlessness and European paternalism. For somebody from the famously libertarian tech industry, the Swede is unusually ready to concede the need for better, if not more, government intervention \u2014 especially at the European level. \u201cIf we dont drive technology in the region,\u201d he says in his lilted Swedish accent, \u201cwe will be left behind.\u201d<\/p>\n<p>His top bugbear? Overly complex national tax systems that force startups to pay governments upfront for so-called stock options, or shares in their firms that may eventually be valued at billions, even before they are worth more than the pieces of paper theyre written on. That, he warns, hurts Europes ability to attract the best talent, particularly high-skilled executives from American tech companies.<\/p>\n<p> <img decoding=\"async\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2018\/11\/Sweden_220x220-714x721.jpg\"\/><!--more--><\/p>\n<p>Founding Skype partners Zennstrom, above right, and Janus Friis in London in 2004 | Michael Lewis\/Outline via Getty Images<\/p>\n<p>Another frustration: The Commissions attempts to create a so-called digital single market, or a borderless online world where startups from Finland can effortlessly sell their wares to consumers in Portugal. After four years of effort, the Continent remains as fragmented as ever, Zennstr\u00f6m says, making it difficult for local tech firms to gain the region-wide scale needed to compete globally.<\/p>\n<p>Still, theres one area where the Swedish entrepreneurs legacy is secure. Thanks in part to his efforts, there are far more European tech entrepreneurs than when he started, some of whom are finally taking on the world, and winning. \u201cHe taught me that we had to up our game in the European tech ecosystem,\u201d said Ilkka Paananen, co-founder of Supercell, the Finnish gaming giant behind the \u201cClash of Clans\u201d franchise, in which Tencent, the Chinese tech firm, bought a controlling stake for $8.6billion. \u201cAll of us are following in his footsteps.\u201d<\/p>\n<p><em>Check out the full <a href=\"https:\/\/www.politico.eu\/list\/politico-28-class-of-2019-the-ranking\/\" rel=\"noreferrer\" target=\"_blank\">POLITICO 28 Class of 2019<\/a>, and read the <a href=\"https:\/\/www.politico.eu\/article\/politico-28-who-to-watch-in-2019-letter-from-the-editors\/\" rel=\"noreferrer\" target=\"_blank\">Letter from the Editors<\/a> for an explanation of the thinking behind the ranking.<\/em><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2018\/12\/p28_2019_grid_GIF_btmB.gif\"\/><\/p>\n<p><a href=\"https:\/\/www.politico.eu\/list\/politico-28-class-of-2019-the-ranking\/niklas-zennstrom\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf] [contfnew]         <img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcRMd3Tz2gX9xSa6CJyaOj2dokBVcrdaT4yY3R3RI7YmL18vCLZZ\"\/><\/p>\n<h5><a href=\"http:\/\/www.politico.com\/&gt;Politico&lt;\/a&gt;&lt;\/h5&gt;_&lt;\/p&gt;[contfnewc]_[contfnewc]_&lt;\/body&gt;&lt;\/html&gt;\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>LONDON \u2014 Niklas Zennstr\u00f6m has a message for Europe: Dont sto..<\/p>\n","protected":false},"author":1,"featured_media":103473,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":["post-103472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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