AI founders no longer need a Silicon Valley address
For years, ambitious European technology founders heard the same advice: to build a global software business, you'd eventually need to move to Silicon Valley. The Bay Area had venture capital, experienced operators, and many of the world's largest technology companies.
CEO and founder of Omnea.
Today, some of the world's fastest-growing AI companies are proving otherwise. Lovable, based in Stockholm, has just achieved a $13.3 billion valuation and reaches nearly two-thirds of employees of the Fortune 500. ElevenLabs, founded in London, achieved an $11 billion valuation in early 2026 and surpassed $500m ARR later in the year.
AI has rewritten the economics of building a company: foundation models, coding assistants and automation tools let small teams create, iterate and scale with far fewer people than previous generations needed. Success now hinges on attracting exceptional talent, not on being near Sand Hill Road.
That changes the question for Europe. It's no...
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