The Stte o Etrepreership iErope—a Ivestor’s View
a Itrviw wit SIR RonalD Cohen
Cfudr d frmr Cirm, apx Prtrs; autr,
The Secnd Bunce f the Ball: Turning Risk int opprtunity
The word “entrepreneur” is French in its origins, but in France and many othercountries throughout Europe, there are many ewer entrepreneurs than there are ina country such as the United States. In decades past, this was partly a problem o mindset—the idea o launching a business was not embedded into European cultureor education. That’s changed, but now the big obstacle is a dearth o opportunitiesor early-stage growth companies to raise capital through the public markets.Sir Ronald Cohen has been working to promote entrepreneurship in Europe. As one o the ounders o Apax Partners, the leading European-based global private equity frm, Cohen was one o the continent’s frst private-equity investors.He has been a backer o ventures involving Sir Richard Branson (Virgin) and Stelios Haji-Iannou (EasyJet), and o companies like Sally the Sheep, Calvin Klein,and Tommy Hilfger.He let Apax Partners in 2005 to concentrate on a range o philanthropicactivities and, in 2007, his book on entrepreneurship,
The Secod Boce o theBll: Trig Risk ito Opportity,
was published. Here he shares his thoughtson entrepreneurship in Europe, both in terms o what’s working and what’s not.
Kauman Thoughtbook 2009
. ©2008 by the Ewig mrio K odtio. all rights reserved.