January 23, 2010 at 15:00 PM EST
How Facebook And FriendFeed Became Turkish Delights
For the past couple of days I've been in Turkey, absorbing the tech scene in Istanbul (tomorrow I'm in Munich, Germany, for DLD ). I was invited over by the Nubridge Venture Summit which brought together a panoply of European VCs to listen to Turkish tech companies set out their wares. What emerged is a picture of a country in high growth, as this economy and its entrepreneurs latch on to the possibilities offered by the Internet and mobile platforms. But first, let me tell you a story. Two years ago I contacted Turkey's pre-eminent "Web 2.0" blogger, Arda Kutsal of Webrazzi . I said let's do a TechCrunch Europe meetup in Istanbul. Duly, a few weeks later I took a flight out, got to the hotel he mentioned and figured Arda had organised the meetup in the bar. No, said the receptionist, "It's in the Grand Ballroom." I headed down the hall to find about 400 people. That was the kind of thing that was going on then. Two years on, with a packed room full of European VCs and private equity people hearing pitches from a wide range of Turkish technology companies, it's clear the investment community is keenly interested in this market.
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