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https://www.som.polimi.it/en/venture-capitalists-in-italy-they-are-very-cautious-and-focus-on-entrepreneurs-rather-than-technology-and-product-in-8-out-of-10-cases/
Italian venture capitalists are much more cautious than both their US and European counterparts, at least compared to countries such as France, Germany, Belgium, Spain, Portugal and Sweden. In Italy, venture capitalists grant funding almost exclusively on the basis of the entrepreneur’s history of success, giving little or no weight to the product, technology and market proposed to them. They operate in consortium usually to divide risk (in 46.4% of cases), seek unanimous approval of investment decisions in 50% of cases and prefer to be paid with less risky annual financial bonuses than with percentages (usually 20%) on capital gain.
