Venture capital investors appear to be growing increasingly wary of European companies. In 2011, they put just E4.4bn into 1,012 start-ups in the region, a 14 per cent drop from the previous year, according to Dow Jones VentureSource.
This was the lowest annual deal count since Dow Jones began tracking investments in Europe in 2000.
When Facebook Deals launched on Wednesday, an impressive raft of launch partners were already signed up. The Palms in Las Vegas was giving away a third night free, Chipotle was giving away a second entree on the house, and Gap said it would be giving away 10,000 pairs of jeans on a date to be determined.
When I arrived at work this morning, it was clear that the Gap promotion was happening today. More than a dozen people were lined up outside the Gap across the street from our office.
After dropping my bag, I grabbed a notepad and my iPhone, and darted over to see if I could be one of the lucky ones to claim the Deal.