2 ms·
Most startups that are being acquired are going to US based companies which benefits the US, so this is a moot point, and I already addressed this: > ...and mo
by kgraves 6y ago
Most startups that are being acquired are going to US based companies which benefits the US, so this is a moot point, and I already addressed this:
> ...and most of these startups will not exist in 20, 30 or 40 years time.
> These companies were at least all actually profitable (except DeepMind).
I agree with Dyson but we need more of them. Unfortunately ARM and Imagination technologies have a great history that is now in the hands of foreign companies.
Deliveroo isn't profitable. SwiftKey as AFAIK didn't make money (MS bought them for the AI tech), Powa Technologies (remember them?) hailed as one of the original UK tech unicorn went bust, Blippar is dead. Skyscanner is gone to China and laid off 300 people recently [0], Shazam is gone to Apple.
The situation is so dire OneWeb had to be rescued by the UK government, and they don't even have majority ownership.
What is the UK's answer to FAANG? rather than FAANG coming to the UK? [0]
[0] https://layoffs.fyi/2020/08/12/skyscanner-launches-talent-directory-after-laying-off-300-employees/ https://layoffs.fyi/2020/08/12/skyscanner-launches-talent-di...