Is there no link between GDP and VC investments?
John Scholes of the Catalyst group sent me their latest newsletter (Jan ’07) which had this nugget of a chart…
The chart shows how there seems to be no correlation between per capital income and/or GDP and investment in technology ventures…Interesting…
The report says that “…neither Income per capita nor GDP are useful for determining the level of investment in technology in European countries. Notably absent are Italy and Spain, who rank fourth and fifth in Europe in terms of GDP…”
Has anyone come across a similar comparison for N America or Asia?
