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Innovative UK start-ups will migrate to the US unless venture capitalists radically change their approach to investing. UK venture capitalists are less technologically savvy than their US competitors and this makes them too risk averse, making it much harder for tech start-ups to access finance.
Many dynamic UK technology start-ups will migrate to the US unless venture capitalists radically change their approach to investing, a group of finance and technology start-up experts has warned.
At a recent round table meeting hosted by financial advisers My Business FD and the banking group UBS, eight of the UK’s most innovative tech companies shared their concerns about the current challenges facing start-ups looking for capital to fund growth in the UK.