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Spotify founder Daniel Ek is investing over $1 billion of his own money into European startups to push Silicon Valley from the center of the tech world

1 month ago   |   By Business Insider

Summary List Placement Spotify founder and CEO Joseph Ek said he's pouring €1 billion of his own money into funding European startups in a bid to create "super-companies" that can push the U.S. from the center of the tech world.
"Some of the most promising tech talent in the world automatically leaves Europe because they don't feel valued here," the Swedish billionaire said during an online fireside chat for Node by Slush , the Financial Times reported. "We need more super-companies that raise the bar and can act as an inspiration."
Ek said during the chat that the funds would go to early...
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