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I have degrees from two of the universities he mentioned, and am currently in the process of raising. He says both: > I don’t think it’s any longer about acces
by petesergeant 2y ago
I have degrees from two of the universities he mentioned, and am currently in the process of raising. He says both:
> I don’t think it’s any longer about access to capital.
but also:
> many UK investors take an extremely risk-averse view to new business - I lost count of the times that a British investor would ask for me a 3 year cash-flow forecast
Which I think are in conflict.
I feel like my biggest take-away from doing an Entrepreneurship degree at the UK university with probably the best startup ecosystem was: "you'll get a much bigger valuation raising in the US", and while I have some connections that mean I will shop around in Europe and the UK, I am going to spend most of my energy raising in the US. I'm highly mobile and not especially bothered where I have to live to get this done.
- lordnacho 2y agoI think this is the answer. Ambitious people in the modern startup world move to the US, because that's where the ecosystem is. It's like asking why do the best Brazilian footballers move to Europe.