According to a study of Dow Jones Venture Source, venture capital is working out very well in Europe. Venture capitalists achieved twice as often a “home run exit” here as in the United States. The term stands for profits that are at least ten times as high as the invested money.
The study took the development of venture capital in the U.S. and Europe between January 2004 and June 2008 into account. Europe is already ahead of the U.S. since 2004, despite the extreme success of the venture financiers from the IPO of Google has been taken into account. An overview regarding recent exit stories can be found here.