Venture-backed companies must go global: E&Y

With global investment increasing for the first time since 2000, the venture capital industry is undergoing a significant period of transition characterised by increasing globalisation, a focus on capital efficiency and the return of the Internet, a report by the leading professional services provider Ernst & Young has found.

“Today, the need to go global arrives much earlier in the life cycle of any venture-backed company. Going global from the outset allows companies to access top innovative talent wherever it is found, realize production efficiencies and tap the most promising markets,” Gil Forer, Global Director of Ernst and Young’s Venture Capital Advisory Group said.