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All true. VC's in the UK only share the name of their US cousins. They invest in established business. They are full of the orthodoxy expected of a bunch of ex-
by jimnotgym 4y ago
All true. VC's in the UK only share the name of their US cousins. They invest in established business. They are full of the orthodoxy expected of a bunch of ex-big 4 accountants that went to expensive schools.
A startup in the UK is a son of a rich man who wants to set up doing whatever, and leverages their Old Boys network to get customers.
Banks are so risk averse that it is laughable.
- ClumsyPilot 4y agoThe idea that you could raise money based on a powerpoint presentation, like Dropbox did, is laughable in UK. The investment culture is hard to describe with a word other than cowardly.