New "Beta" site gets $3m in first round investment. Good to see US VC backing recruitment start up's BUT question would they have raised that kind of money in Europe? see ERE news story.
It seems to me that in Europe it is much tougher to get funding for new "recruitment innovations" is this true?
Over the years I have seen so many well backed US start up's come and go. Some succeed and some fail. But at least they get the chance to try, in Europe we seem to find it much tougher to get investment for recruitment technology start up's.
European investors seem to prefer to back "media acquisitions", "staffing and recruitment consultancy takeovers/start ups" is this me or is this the experience of others?
My worry is that without the right funding and therefore investment in sales and marketing infrastructure, we have some great "local" business but will not breakout of a "local market" and achieve the critical mass needed to survive in an increasingly global market.
All opinions welcome, particularly those from the investment community.