
MD MEETS Spotify Founder Daniel Ek: Europe vs. USA
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Nov 9, 2025 Daniel Ek, the Founder and CEO of Spotify, shares insights on Europe's innovative potential and future competitiveness. He argues that Europe suffers from underinvestment in R&D and stigmatizes risk, which stifles homegrown technology. Ek suggests investing just 1% of Europe’s savings to significantly boost venture capital. He emphasizes intelligent regulation in fintech as a model for success and advocates for Europe’s autonomy in defense strategies, including AI advancements. Ek envisions a confident Europe ready to embrace its talent and build a brighter future.
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Talent Exists — Scale Is Missing
- Europe has the talent but lacks scaled software companies and R&D throughput.
- Building large software firms, not finding talent, is the core challenge for European prosperity.
Mobilize 1% Of Savings For Venture
- Channeling just 1% of Europe's €33 trillion savings into startups would more than double Europe's venture capital.
- Reallocate idle savings into venture funds and innovation to rapidly boost scale-up capital.
Mindset Blocks Risk Taking
- A mentality barrier in Europe overestimates downside and underestimates upside of risk-taking.
- Media and culture should celebrate successes to rebalance perceptions and encourage entrepreneurship.

