🚀 Breaking the 'Europe is behind' narrative: European startups are quietly writing a different story. Each new generation taking a bigger slice. Young EU startups now = 18% of new global tech value. Today's Big Tech companies were uncontested in 90s and 00s. Full @dealroomco

I wasn't planning on sharing this today but since the news leaked, I feel obliged to comment: I've raised over $200M in my career and have learned a lot about what works & what doesn't. This time around, I decided to do a few unconventional things. First, I decided to forgo the

Taxi drivers not trusting Tesla navigation..curious

Worth bearing in mind how important BPC is for the UK VC industry, and how good they are as an LP (especially compared to similar LPs elsewhere). Doubt IQ Capital would be anywhere near its size (or even be!), without BPC

And £5bn wipe off from HSBC equity. Got to love FTSE investor base..

This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise

In light of what's been happening, a roundup of some key stats on UK tech. 🧵 @SVB_UK has 3,300 clients (via @FT). There are 6,369 active UK startups with min $500K funding. • UK startups employ 1.8M people • The UK startup ecosystem is collectively worth almost $1T

1) was it though? Bank customers have the right to move their funds, especially when at risk. Regulator is there to ensure order and financial health of each bank. 2) bail-out cost vs even just payroll taxes Svb is an asset not liability

I don’t know why SVB’s CEO didn’t band together the top 20 venture funds to send a message to the entire tech community in one go, instead of holding a call which said nothing substantive during an SEC quiet period. I know SVB has the relationships to pull it off.

Good to see Cambridge used in startup names again, post trade name dispute with the university

Lots of response to this today - thank you. Also clear to me that @hmtreasury & @BritishBBank are listening and open to iteration on this scheme, and consideration of others (I have submitted ideas). Thanks @emmaljones @gerardgrech @Dom_Hallas +others for making the case to Govt.

We're back with actionable benchmarks for European founders! This time... The European Series A landscape over the past 5 years - trends in round sizes and most active lead VCs - by geo and category. Huge thanks to @dealroomco and the VCs involved 🙏 https://t.co/EEyhlebNYL

https://t.co/tBh4CdXizl

Cambridge VC firm IQ Capital raises $300m ‘deep tech’ fund

Congrats to Privitar, delighted to welcome Accel on board.

Excited to be working with the team @VerifiedbyAI #investment #ai

https://t.co/G9KhxCihHD

https://t.co/vBumgSYwHC

Media slowly picking up :) Apparently @thoughtmachine is one to watch now..

Good BVCA panel on what happens outside of London