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So this is just based on valuation of companies there? London doesn't strike me as the best place to start a company. It is a super-expensive city. It's probab
by jmyeet 4y ago
So this is just based on valuation of companies there?
London doesn't strike me as the best place to start a company. It is a super-expensive city. It's probably comparable to NYC but with lower earnings. Maybe lower earnings is the point?
And now with Brexit, London doesn't have as easy access to the EU financial system and it's somewhat more difficult to hire EU workers.
London of course has a long history with finance but I really wonder how much of this is just inertia.
- rob74 4y agoMy thoughts exactly! Being the second largest startup hub doesn't automatically make you the second best. And a large financial hub like London will of course attract fintech startups, but it would be ill-advised to rest on those laurels...
- mytailorisrich 4y ago> London doesn't have as easy access to the EU financial system London is a global financial hub, and the largest for foreign currency exchanges. Globally it's ranked #2 behind NYC and is by far the leading financial centre in Europe. I believe it is also #1 in Europe for VC funding. London does not need the EU financial system, if anything with Brexit the EU is trying to become less dependent on London. Of course this is all a key reason why it is attracting many fintech startups.
- what-imright 4y agoLondon can have all the crypto nuts. Suits it perfectly
- blibble 4y ago> London doesn't have as easy access to the EU financial system London is the EU financial system (as much as it hates that)