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> value being extracted from the business and taken overseas Anecdote: looking for a flat in Cambridge, I found a great one overlooking Market Square, last two
by crdb 10y ago
> value being extracted from the business and taken overseas
Anecdote: looking for a flat in Cambridge, I found a great one overlooking Market Square, last two floors above that cornish pasty store whatever it is called. We got a good deal because we agreed to take over the lease immediately from the two current occupants, who seemed in a terrible rush to leave.
I asked them why, they said Index Ventures just invested double digit millions in their company and part of the terms included an immediate (literally) move to Silicon Valley. Unfortunately, I've forgotten the name of the company but the image of wealthy Americans sniping off the best British companies stuck in my head ever since.