from the parlez-vous-francais? dept
Group Arnault has created a $500M investment fund named Europ@web. Similar in scope to CMGI, they have made investments in American and European Internet companies with more investments to come. I hope we will see more of these groups forming in Europe and elsewhere. Investment companies such Eurp@Web will give entrepreneurs the support they need to build cool euro internet business. While the Internet is global, ecommerce is very American. For now.