TLDR: No. It’s less than even the quarterly VC investment rate in Europe.
There was a bit of chatter in the London startup investor community recently about the welcome increase in amount of funds being raised.
I remember Jon Bradford specifically mentioning close to a £1 Billion raised in a few months by 9 funds. There was a bit of a flutter around the group when JD mentioned the figure at #fplive – people wondering if all the money could even be deployed in the relatively nascent European / London tech startup ecosystem. Someone may even have mentioned valuation bubble, or some such gobbledygook.
Take a quick look at this chart from Dow Jones (source):
Last quarter VCs invested €2.4 B (~£1.8B) in European companies. At an investment run-rate of £1.8 B a quarter, and increasing, that £1 B raise in a quarter doesn’t look that big anymore.
There will be some additional liquidity from investment exits – IPOs and acquisitions. But given the relatively young ecosystem in Europe – most maturing, successful European startups move(d) to the US for better valuation & operating environments – there can’t be too many exits providing the rest of liquidity.
Makes me wonder the other side now: If this £1 B raise is such a big deal, where has the VC funding been coming in from so far? We’ve been above a quarterly £1 B quarterly investing rate for over 6 quarters now. US VCs investing in Europe without direct presence?
Either way, that £1 Billion figure doesn’t look as big as it sounded first up. And we really do need more of them, more frequently.
How many white males does it take to lead and support a tech cluster?
Based on 2 recent power lists – as many as you can get in!
Both the lists are packed with white males, with little to no representation from many minority-gender groups. I’m not criticising the lists here, but taking them as a reflection of the state of our tech ecosystem. We have far to go…
Business Insider’s list of coolest 50 people in UK tech [Source]
39 of the 52(!) people on the list are white males.
There are ZERO, by my quick calculation, black men or women on the list.
There are just 8 women, in total.
Only 2non-white women,Eileen Burbidge and Bindi Karia, grace the list.
There are few people – male or female – more highly deserving of their spot on the list, but I’m surprised that there are *just* 2!
Only 9 out of 100 people on the list are non-white.
Considering this list is more about thinkers and influencers – it has David Cameron at #1 – than about do-ers, the lack of diversity surprises me even more. I’m sure there are lots of non-white women and men leading, encouraging, and influencing fresh business thought in the UK tech and business communities.
I may be wrong. In which case, there simply need to be more. A lot more. In my humble opinion.