I think this stems back to the fact that those with a failed startup, lost investors hundreds if not millions of pounds. As a culture I think we're FAR more ris

I think this stems back to the fact that those with a failed startup, lost investors hundreds if not millions of pounds. As a culture I think we're FAR more risk averse. So someone standing and saying "Yeah, I lost some a bunch of money that some old guys shouldn't have invested if they weren't prepared to write it off" is a huge stigma over here. In the states, you have way more professional tech investors so the "bad vibe" about losing that money isn't as bad. I think US founders carry it almost as a badge of honour, a symbol of a war fought bravely to the end. Here it;s just like, "Oh, you fucked up last time.... I'm going to stand over here now"