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That City A.M. link mentions Brexit once and negatively - that London is still a good place for start-ups despite Brexit. I wouldn't call that the opposite conc

That City A.M. link mentions Brexit once and negatively - that London is still a good place for start-ups despite Brexit. I wouldn't call that the opposite conclusion.

ghostwriter 5y ago
> Start-ups in the UK raised the highest venture capital (VC) funding amount among all the European countries during January to July 2021. A total of 1,110 VC funding deals were announced in the UK during the period, while the disclosed funding value of these deals stood at USD16.4 billion, according to GlobalData. https://www.privateequitywire.co.uk/2021/08/25/305322/uk-based-start-ups-raise-usd164bn-vc-funding-during-january-july-2021-says https://www.privateequitywire.co.uk/2021/08/25/305322/uk-bas... UPD: some people seem to get offended so much when it comes to sheer numbers instead of a matter of opinions
- croon 5y ago
  (Still) Raising the most VC funding is not the same as raising the most or more because of Brexit.
- deleted 5y ago
  [deleted]
- Barrin92 5y ago
  this is a total non-sequitur given that London has always raised large amounts of VC money including pre-Brexit (quite naturally given that it's the largest city after Istanbul or Moscow in Europe, if you count those). if you want to judge the impact of Brexit you need to evaluate the UK's performance relative to its previous performance, it was always the largest single VC recipient in Europe. The continent has actually very rapidly caught up in terms of share of money raised over recent years. In 2020, VC funding in the UK only grew by 1.7% compared to 70% in Ireland, 25% in France, 11% in Germany, Scandinavia and so on. European share of the market is actually very quickly accelerating https://pitchbook.com/news/articles/hot-or-not-where-european-vc-funding-went-in-2020 https://pitchbook.com/news/articles/hot-or-not-where-europea... https://news.crunchbase.com/news/european-vc-funding-h1-2021/ https://news.crunchbase.com/news/european-vc-funding-h1-2021...
  - ghostwriter 5y ago
    > The continent has actually very rapidly caught up in terms of share of money raised over recent years. In 2020, VC funding in the UK only grew by 1.7% compared to 70% in Ireland, 25% in France, 11% in Germany, Scandinavia and so on. European share of the market is actually very quickly accelerating growing high from significantly lower numbers always looks better in terms of % increase
    - deleted 5y ago
      [deleted]
- avh02 5y ago
  if you really want an EU vs UK comparison - we need to lump all EU countries together. (I don't know what this number comes out to) But as "single most" - fair enough.
- matthewmacleod 5y ago
  Nobody is offended – I think it's more that you're kind of ignoring the point. Yes, there continue to be lots of funding deals in London. That's something that neither supports nor contradicts your initial point that "VCs came to the opposite conclusion" – all it tells us is that the UK remains competitive regardless of Brexit.
- orwin 5y ago
  Anecdata, but the two engineers i knew that went to work in London/Leads are back, and now working remotely with a UK salary (80 to 100k pounds, way more than the 50 to 60k euros me and others friends make), full-remote. I wouldn't be surprised that if the trend continue, Europeans will work even more for UK startup than they did before (i'm really tempted, i wanted to work for companies in East NA and be based in the caraibean, but Spain is at least as interesting place to live (and way cheaper) and UK salaries are very competitive, especially when considering paid leave)
- jameshart 5y ago
  VCs see market disruption as an opportunity to invest in businesses that can take advantage of the change to seize a chunk of market share. When a bunch of trading barriers appear, cutting off players from participation in a market, startup opportunities will abound - that’s not surprising. Similarly, an epidemic of window-smashing might see record VC investment in window repair startups - that hardly refutes the broken window fallacy. The signal that is ‘increased investment activity’ doesn’t necessarily point to economic health.

That City A.M. link mentions Brexit once and negatively - that London is still a good place for start-ups despite Brexit. I wouldn't call that the opposite conclusion.

ghostwriter 5y ago

> Start-ups in the UK raised the highest venture capital (VC) funding amount among all the European countries during January to July 2021. A total of 1,110 VC funding deals were announced in the UK during the period, while the disclosed funding value of these deals stood at USD16.4 billion, according to GlobalData. https://www.privateequitywire.co.uk/2021/08/25/305322/uk-based-start-ups-raise-usd164bn-vc-funding-during-january-july-2021-says https://www.privateequitywire.co.uk/2021/08/25/305322/uk-bas... UPD: some people seem to get offended so much when it comes to sheer numbers instead of a matter of opinions

croon 5y ago
(Still) Raising the most VC funding is not the same as raising the most or more because of Brexit.
deleted 5y ago
[deleted]
Barrin92 5y ago
this is a total non-sequitur given that London has always raised large amounts of VC money including pre-Brexit (quite naturally given that it's the largest city after Istanbul or Moscow in Europe, if you count those). if you want to judge the impact of Brexit you need to evaluate the UK's performance relative to its previous performance, it was always the largest single VC recipient in Europe. The continent has actually very rapidly caught up in terms of share of money raised over recent years. In 2020, VC funding in the UK only grew by 1.7% compared to 70% in Ireland, 25% in France, 11% in Germany, Scandinavia and so on. European share of the market is actually very quickly accelerating https://pitchbook.com/news/articles/hot-or-not-where-european-vc-funding-went-in-2020 https://pitchbook.com/news/articles/hot-or-not-where-europea... https://news.crunchbase.com/news/european-vc-funding-h1-2021/ https://news.crunchbase.com/news/european-vc-funding-h1-2021...
- ghostwriter 5y ago
  > The continent has actually very rapidly caught up in terms of share of money raised over recent years. In 2020, VC funding in the UK only grew by 1.7% compared to 70% in Ireland, 25% in France, 11% in Germany, Scandinavia and so on. European share of the market is actually very quickly accelerating growing high from significantly lower numbers always looks better in terms of % increase
  - deleted 5y ago
    [deleted]
avh02 5y ago
if you really want an EU vs UK comparison - we need to lump all EU countries together. (I don't know what this number comes out to) But as "single most" - fair enough.
matthewmacleod 5y ago
Nobody is offended – I think it's more that you're kind of ignoring the point. Yes, there continue to be lots of funding deals in London. That's something that neither supports nor contradicts your initial point that "VCs came to the opposite conclusion" – all it tells us is that the UK remains competitive regardless of Brexit.
orwin 5y ago
Anecdata, but the two engineers i knew that went to work in London/Leads are back, and now working remotely with a UK salary (80 to 100k pounds, way more than the 50 to 60k euros me and others friends make), full-remote. I wouldn't be surprised that if the trend continue, Europeans will work even more for UK startup than they did before (i'm really tempted, i wanted to work for companies in East NA and be based in the caraibean, but Spain is at least as interesting place to live (and way cheaper) and UK salaries are very competitive, especially when considering paid leave)
jameshart 5y ago
VCs see market disruption as an opportunity to invest in businesses that can take advantage of the change to seize a chunk of market share. When a bunch of trading barriers appear, cutting off players from participation in a market, startup opportunities will abound - that’s not surprising. Similarly, an epidemic of window-smashing might see record VC investment in window repair startups - that hardly refutes the broken window fallacy. The signal that is ‘increased investment activity’ doesn’t necessarily point to economic health.