London 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.
Fair 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.
That's fair, I don't disagree, I was just giving reasons why the UK gets so much more VC than European countries. I was probably a bit slapdash with my statement but I think it's true in the context I was speaking in.
It 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.
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)