• The Independent , Sunday, June 24, 2012 2:12 PM

Jack Dorsey said entrepreneurs in Europe lack ambition compared to those in Silicon Valley, as his micro-blogging website announced plans to expand its advertising sales in 50 new countries by the end of the year. Dorsey, 34, who was in Cannes to receive the Media Person of the Year award at the annual Lions advertising festival, said of Europe: "There's a huge barrier to entry because there's not a large ambition to take risks. There's a fear of making mistakes in public." In contrast, he said there was a mentality on the West Coast of America that "I'm going to start something and it may fail but I'll learn from it".

Read the whole story at The Independent »