I found an interesting note in the Venture Capital Magazine today. Helmut Schoen a veteran Business angel at Partech argues (translated by myself):

"The typical Silicon Valley entrepreneur we see, is either a serial entrepreneur or a senior team, trained 20 years or so by HP or similar companies wanting to be on their own now. Such a constellation is quite uncommon in Germany, although market potential in Germany is definitely there."

Alas Mr. Schoen is right, that it's still the exception to find serial entrepreneurs in most businesses, I feel the climate has changed considerably. The

"Schadenfreude"

is still there after some economic meltdowns, but more and more entrepreneurs have a strong aspiration to emulate Jeno F. Paulucci's career.