00:00It's Benzinga, and here's what's on the block.
00:02A group of Europe's top tech entrepreneurs endorsed an open letter calling for a tech
00:06renaissance and the creation of a pan-European entity, EU Inc., to foster startups.
00:12The letter highlights fragmented regulations across the EU and calls for a unified legal
00:17framework to support cross-border operations, simplify investments, and drive growth.
00:22European startups face challenges in securing venture capital compared to the U.S. and China,
00:26which limits their potential.
00:28Prominent entrepreneurs backing their proposal include Stripe CEO Patrick Collison, Wyse
00:33co-founder Tvet Henrikis, and Pigment CEO Eleanor Crespo.
00:37For all things money, visit Benzinga.com.
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