Google VC wants to start "Silicon Milan"

Mon 15 June 2009 17:04, Bas van den Beld

Remarkable news in Italy this weekend. Google Italy’s country manager, Massimiliano Magrini is said to have given up his job at Google Italy and plans to start a sort of "Silicon Milan". Magrini is the person who has started Google Italy in 2002, coming from Altavista, and has been in charge since.

The (now former) Google manager talked to an Italian blog Startups.eu and apparently told them he is going to start a venture capital fund. “I will develop in Italy what venture capitalists are already doing in USA”, he said.

The news is remarkable because of the position Magrini has in Italy and because Italy doesn't really have a start up culture. There are hardly VC's in Italy so to talk about a "Silicon Valley in Italy" seemes a bit too much. But Margini is said to have the support of 20 other key players in the Italian Internet scene.

“The timing and the place is right. I’m getting great feedback from the financial community. I will create a real new Silicon Valley in Milan”.

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Comments (1)

- Massimo Burgio
- [website]
mmmmmm.... we'll see....

This won't be the first VC initiative in Italy - all the previous ones failed because of lack of what you describe in the article as "VC culture", that never really existed in Italy....

Let's see what Magrini does in Milan - all my best wishes for his new venture!

In the meanwhile, I'll retweet it!

Wed 17 Jun 2009, 12:04

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