This is really the biggest factor as to why the UK startup scene is a lot smaller than the US one (and from what I hear, why similar issues occur in Europe over

This is really the biggest factor as to why the UK startup scene is a lot smaller than the US one (and from what I hear, why similar issues occur in Europe overall): > On the contrary, 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, and expect the company to break even within that time. In fact, UK investors seem terrified of investing in consumer facing tech businesses in general. Something like Facebook or Google or Amazon or Netflix or Uber or whatever would be seen as far too risky an investment when they could get a nice safe return from a B2B focused SaaS business instead. They're not willing to plough money in for years on end on the assumption they might eventually get a return at the end, while US investors seem more willing to do so.