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The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel.
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Europe and Israel mint an average of five tech startups for every venture-backed company with a valuation of $1 billion or more, according to a new report from the venture capital firm Accel.
Of the 353 “unicorn” companies in the region, 221 have spun out 1,171 new tech-enabled startup companies…
