‘Golden age’ for Eastern European tech: billionaire
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“We are about to see the golden age of Eastern Europe,” says Tim Draper, a Silicon-Valley venture capitalist who announced the addition of Polish venture capital firm OTB Ventures to his Draper Venture Network on March 4.
“Now is the perfect time to look into investing in Poland. The region has always had great technology but now they are starting to connect it to the marketplace. Poland is a generation ahead of other countries in the region in understanding the market system,” Draper said.
The Draper Venture Network is an alliance of 22 venture capital firms across the world who share intelligence on deals and best practice, often co-investing on deals. Partnering with OTB will give Draper a window into the Central and Eastern Europe (CEE) region.
