This is an interesting post from an Austrian VC Oliver Holle. The parallel between his view of European VC investing compared to that of the Silicon Valley ‘Go big or go Home’, and that of the Austrian financial history such as Hayek is fascinating.
Hail the hidden champions: Why fringe markets may beat Silicon Valley (at least for investors)
These are companies like Sipwise, Gaminside or Grin.com, our most recent investment; not too fancy, and surely no Pinterest, but great growth, great teams and great financials. I would argue that these three are far better investments than the vast majority of the 500 startups of Mr. McClure’s.