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Most startups in the UK have either: 1. Sold to a foreign buyer 2. Shut down 3. Relocated to the US 4. Are stagnant The UK is up for sale (at a discount)
by colesantiago 2y ago
Most startups in the UK have either:
1. Sold to a foreign buyer
2. Shut down
3. Relocated to the US
4. Are stagnant
The UK is up for sale (at a discount)
- fakedang 1y agoYou could say the same for traditional businesses. Or real estate. Or the farmlands. Even the political parties (for the princely sum of 50,000 quid). The UK is up for sale.
- graemep 1y agoThat is how globalisation is supposed to work. British companies have bought plenty abroad too:
- mytailorisrich 1y agoAnd yet the UK attracts twice the VC investments the next European country does.
- Bilal_io 1y agoIs it because of the language?
- carlosjobim 1y agoBanking and incorporation laws.
- walthamstow 1y agoLondon is the biggest tech hub outside of the US and one of the biggest financial hubs anywhere, plus Oxford and Cambridge are just 1 hour away by train.
- jjani 1y ago> London is the biggest tech hub outside of the US You must be excluding China there, as it alone has multiple tech hubs that make London look meaningless.
- walthamstow 1y agoWhich Chinese city is bigger than London in VC money?
- jjani 1y agoTech hub != VC money.
- walthamstow 1y agoRead the thread again. Since you haven't given your any metrics of your own, the default is the one already in context of the thread.
- jjani 1y agoFair enough, though VC hub would've been a more apt phrasing then. I just mentioned it because in terms of actual tech development going on, the gap between 1. SV / China and 2. anywhere else (including London) is so absurdly vast it's almost meaningless to be 2nd in VC investment, you might as well be 10th.
- darth_avocado 1y agoIt is a global phenomenon and is a result of how capital markets work. When you have money, it’s easier to make more money by gobbling up assets. US has capital more readily available to try new things, fail and eventually build massive successes. The successes then get reinvested in the form of even more capital. When Manchester United is owned by US billionaires, everything else is up for grabs.