{"id":178946,"date":"2026-06-23T10:01:41","date_gmt":"2026-06-23T08:01:41","guid":{"rendered":"https:\/\/www.startupbusiness.it\/the-tech-cricca-will-italys-new-millionaires-invest-in-start-ups\/178946\/"},"modified":"2026-06-23T12:05:08","modified_gmt":"2026-06-23T10:05:08","slug":"the-tech-cricca-will-italys-new-millionaires-invest-in-start-ups","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/the-tech-cricca-will-italys-new-millionaires-invest-in-start-ups\/178946\/","title":{"rendered":"The \u2018tech cricca\u2019 \u2013 will Italy\u2019s new millionaires invest in start-ups?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In the international tech world, there is a peculiar use of the word \u2018mafia\u2019; <a href=\"https:\/\/www.startupbusiness.it\/il-bizzaro-uso-del-termine-mafia-nellindustria-tech\/32259\/\">we covered this phenomenon in this article<\/a>, which explains why and how it came about. It all began with the founders of PayPal, who, having made their fortunes through that project, went on to become the founders of other major companies or the backers of other major companies \u2013 names such as Elon Musk, Peter Thiel and Reid Hoffman, for example. This gave rise to the concept of the tech \u2018mafia\u2019: a group of people who set up a company \u2013 a start-up \u2013 which then grows and makes a great deal of money; with that money, each of the founders, or those who have become very wealthy thanks to that venture, goes on to fund other start-ups, set up new ones, and thus contributes substantially to the development of the ecosystem. We could describe it as a sort of self-interested \u2018give-back\u2019, so part of the value earned thanks to the ecosystem itself is returned to the ecosystem, but this is done whilst seeking to generate new value both for the ecosystem and for themselves as entrepreneurs and investors \u2013 as is only right in a mechanism where the aim is to create businesses that build technological, economic and financial value and create jobs.   <\/p>\n\n<p class=\"wp-block-paragraph\">This concept has since been repeated over the years, including in Europe \u2013 Skype being a prime example \u2013 whilst in Italy it is a phenomenon that has not yet fully realised its potential, except, of course, for initiatives where some successful founders have joined forces to fund others, as is the case, for example, with the <a href=\"https:\/\/www.startupbusiness.it\/en\/italian-founders-fund-receives-e35-million-from-cdp-venture-capital\/147066\/\">Italian Founders Fund,<\/a> or for business angel activities where individuals have made money from a few successful start-ups, either as entrepreneurs or as investors, and are now investing in others. <\/p>\n\n<p class=\"wp-block-paragraph\">Now, however, a sort of epiphany \u2013 the \u2018great give-back\u2019 \u2013 could be on the cards, thanks to the potential emergence of new Italian millionaires following a series of events, the main ones being: the listing of <a href=\"https:\/\/www.startupbusiness.it\/en\/bending-spoons-has-filed-an-application-to-list-on-the-nasdaq\/174912\/\">Bending Spoons on the Nasdaq<\/a>, the listing of <a href=\"https:\/\/www.startupbusiness.it\/en\/newcleo-set-to-list-on-the-nasdaq-via-the-spac-newhold\/172889\/\">Newcleo on the Nasdaq<\/a>, and the acquisition of <a href=\"https:\/\/www.startupbusiness.it\/en\/american-express-vuole-comprare-thefork-per-700-milioni-di-dollari\/176844\/\">The Fork by American Express<\/a>.<\/p>\n\n<p class=\"wp-block-paragraph\">Let\u2019s be clear: we\u2019re in the realm of speculation here; we don\u2019t know who holds what stakes, we don\u2019t know what the final valuations will be, we can imagine that Bending Spoons might be valued at between 14 and 20 billion dollars and Amex\u2019s offer for TheFork is 700 million dollars, for example; and, above all, we do not know whether that money will then find its way back, in some form, into the Italian and European start-up ecosystem. What we do know is that, in the past, when phenomena of this nature have occurred, the effect has been as described above: entrepreneurs, shareholders and investors have found themselves, almost suddenly, with substantial sums available to invest and have decided \u2013 drawing on their personal experience \u2013 to reinvest them in the ecosystem by investing in other companies, start-ups and scale-ups. <\/p>\n\n<p class=\"wp-block-paragraph\">It is therefore impossible to predict whether and how this will happen, or what scale it might reach, but a wave of wealth creation of this kind could truly give the Italian ecosystem a boost \u2013 a substantial, effective and direct boost, free from constraints and red tape other than those determined by the typical dynamics of venture capital investment. It would be far more agile and rapid than any publicly funded subsidy could ever be and would therefore, at long last, be capable of raising the overall value of the Italian ecosystem to a higher level.  <\/p>\n\n<p class=\"wp-block-paragraph\">Furthermore, the occurrence of such a phenomenon in our ecosystem could also help to change the typical literature of the start-up and tech world \u2013 a body of literature in which, at an international level, the term \u2018mafia\u2019 is used, as we have seen, rather casually; on the one hand, this could lead to a trivialising and thus diluting of the term\u2019s negative connotations, but on the other hand, it risks \u2013 at least here in Italy \u2013 being misinterpreted and, in certain understandably sensitive contexts, even potentially considered offensive, as we noted in the article cited above. <\/p>\n\n<p class=\"wp-block-paragraph\">So, the arrival of Italy\u2019s big \u2018give-back\u2019 movement could well have enough clout to shake up the use of the term \u2018mafia\u2019 as it is understood in the tech world, by proposing possible alternatives such as \u2018tech-gang\u2019, \u2018tech-ring\u2019, \u2018tech-clan\u2019 or, better still, a very Italian \u2018tech-cricca\u2019, which sounds great and could easily be adopted internationally. (photo by<a href=\"https:\/\/unsplash.com\/it\/@lucafortunato?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\"> Luca Fortunato<\/a> on <a href=\"https:\/\/unsplash.com\/it\/foto\/un-gruppo-di-jet-che-volano-in-formazione-Bz5Ybu0cgS4?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a>) <\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is anticipation surrounding a potential major Italian \u2018give-back\u2019 following the listings of Bending Spoons and Newcleo, and the acquisition of TheFork 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ecosystem"},"large":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2026\/06\/luca-fortunato-Bz5Ybu0cgS4-unsplash.jpg","width":1024,"height":576,"crop":false,"srcset":false,"alt":"Italy\u2019s start-up ecosystem"},"2048x2048":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2026\/06\/luca-fortunato-Bz5Ybu0cgS4-unsplash.jpg","width":1280,"height":720,"crop":false,"srcset":false,"alt":"Italy\u2019s start-up ecosystem"}},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The \u2018tech cricca\u2019 \u2013 will Italy\u2019s new millionaires invest in start-ups?<\/title>\n<meta name=\"description\" content=\"There is anticipation surrounding a potential major Italian \u2018give-back\u2019 following the listings of Bending Spoons and Newcleo, and the acquisition of TheFork\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. Contesti e visioni per l\u2019impresa\u2019 , l\u2019edizione italiana di \u2018La startup digitale, guida pratica step by step\u2019 e ha scritto la prefazione all\u2019edizione italiana de \u2018La quarta era\u2019 di Byron Reese, ed \u00e8 co-autore di \u2018Cosa e Dove: strategie digitali di ricerca del lavoro\u2019, tutti editi da FrancoAngeli. 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giornalista, fondatore e direttore di Startupbusiness, il primo magazine sull\u2019ecosistema startup e innovazione italiano. Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. Contesti e visioni per l\u2019impresa\u2019 , l\u2019edizione italiana di \u2018La startup digitale, guida pratica step by step\u2019 e ha scritto la prefazione all\u2019edizione italiana de \u2018La quarta era\u2019 di Byron Reese, ed \u00e8 co-autore di \u2018Cosa e Dove: strategie digitali di ricerca del lavoro\u2019, tutti editi da FrancoAngeli. In passato \u00e8 stato curatore di StartupDigest Italy, coordinatore scientifico del Forum per la Ricerca della Provincia Autonoma di Trento, board member di TechChill Milano advisor di di ScaleIT , ha collaborato con Il Sole 24 Ore \u00e8 stato direttore di Innov\u2019azione, bimestrale edito da Apsti, ha collaborato con Corriere Innovazione ed \u00e8 stato presidente del comitato di selezione del Premio Marzotto e advisor di Cetif-Universit\u00e0 Cattolica Milano.","sameAs":["https:\/\/www.abirascid.com\/","https:\/\/www.linkedin.com\/in\/emilabirascid","https:\/\/x.com\/emilabirascid"],"url":"https:\/\/www.startupbusiness.it\/en\/author\/emil-abirascid\/"}]}},"author_name":"Emil Abirascid","categories_names":["Editorial"],"_links":{"self":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/178946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/comments?post=178946"}],"version-history":[{"count":1,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/178946\/revisions"}],"predecessor-version":[{"id":178947,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/178946\/revisions\/178947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/media\/178933"}],"wp:attachment":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/media?parent=178946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/categories?post=178946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/tags?post=178946"},{"taxonomy":"companies","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/companies?post=178946"},{"taxonomy":"journalist","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/journalist?post=178946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}