Intro to the London Tech Scene Updated June 2013

1. Courtney Boyd Myers
Founder of audience.io & 3460 Miles
INTRO TO THE LONDON
STARTUP SCENE
Friday, June 28, 13

2. Friday, June 28, 13

3. INTRODUCTION
‣ Director of Audience Development, General Assembly Europe
‣ Member of #10’s Tech City Advisory Group
‣ Mentor at BBC WorldWideLabs, Ignite100
‣ Recovering Technology Journalist
‣ The Next Web, The Huffington Post, Forbes
‣ @CBM
COURTNEY BOYD MYERS
FOUNDER, AUDIENCE.IO
CO-FOUNDER, 3460 MILES
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Friday, June 28, 13

4. AGENDA
‣ London vs. Silicon Valley vs. NYC
‣ Startups You Need to Know
‣ VCs, Angels, Media
‣ Accelerators, Incubators, Coworking Spaces
‣ Networking events
‣ Need a job?
‣ Keeping up with London
‣ Q & A
4
Friday, June 28, 13

5. INTRO TO THE LONDON STARTUP SCENE 5
LONDON VS. SILICON VALLEY VS. NYC
‣ London is the largest technology ecosystem in Europe. But...
Silicon Valley’s ecosystem is currently 3X bigger than New
York City, 4.5X bigger than London + 12.5X bigger than Berlin.
Friday, June 28, 13

6. INTRO TO THE LONDON STARTUP SCENE 6
‣ London is the largest technology ecosystem in Europe. But...
Silicon Valley’s ecosystem is currently 3X bigger than New
York City, 4.5X bigger than London + 12.5X bigger than Berlin.
‣ SV’s ecosystem has 22% more companies in the “scale stage”
than in NYC and 54% more than in London.
LONDON VS. SILICON VALLEY VS. NYC
Friday, June 28, 13

7. INTRO TO THE LONDON STARTUP SCENE 7
‣ London is the largest technology ecosystem in Europe. But...
Silicon Valley’s ecosystem is currently 3X bigger than New
York City, 4.5X bigger than London + 12.5X bigger than Berlin.
‣ SV’s ecosystem has 22% more companies in the “scale stage”
than in NYC and 54% more than in London.
‣ SV startups raise 2-3X more money in the the first 3 phases of
development - but in the scale stage, New York City startups
raise 27% more money and London startups raise 30% more
money than Silicon Valley.
LONDON VS. SILICON VALLEY VS. NYC
Friday, June 28, 13

8. INTRO TO THE LONDON STARTUP SCENE 8
‣ London + NYC outsource 34% more of their product dev than
Silicon Valley companies.
LONDON VS. SILICON VALLEY VS. NYC
Friday, June 28, 13

9. INTRO TO THE LONDON STARTUP SCENE 9
‣ London + NYC outsource 34% more of their product dev than
SV companies.
‣ SV companies have 46% more helpful mentors than companies
in London.
LONDON VS. SILICON VALLEY VS. NYC
Friday, June 28, 13

10. INTRO TO THE LONDON STARTUP SCENE 10
‣ London + NYC outsource 34% more of their product dev than
SV companies.
‣ SV companies have 46% more helpful mentors than companies
in London.
‣ Pivoting happens much more frequently in Silicon Valley.
Pivots happen 45% more on average in Silicon Valley than New
York City and 33% more than London.
LONDON VS. SILICON VALLEY VS. NYC
Friday, June 28, 13

11. INTRO TO THE LONDON STARTUP SCENE 11
STARTUP GROWTH IN LONDON
Friday, June 28, 13

12. Friday, June 28, 13

13. INTRO TO THE LONDON STARTUP SCENE 13
BIG TECH COMPANIES IN LONDON
Source: Duedil
Friday, June 28, 13

14. $2.4B IPO IN 2010
SOLD TO CBS FOR $280 MILLION IN 2007
INTRO TO THE LONDON STARTUP SCENE 14
LONDON’S BIG EXITS
SOLD TO SABRE FOR $1.1B IN 2005
SOLD TO AMAZON.COM FOR $317 MILLION IN 2011
SOLD TO AOL FOR $850 MILLION IN 2008
Friday, June 28, 13

15. INTRO TO THE LONDON STARTUP SCENE 15
LONDON’S TOP STARTUPS
Friday, June 28, 13

16. INTRO TO THE LONDON STARTUP SCENE 16
LONDON’S TOP FASHION STARTUPS
Friday, June 28, 13

17. INTRO TO THE LONDON STARTUP SCENE 17
LONDON’S RISING FIN TECH SCENE
Friday, June 28, 13

18. LONDON’S TECH CITY
INTRO TO THE LONDON STARTUP SCENE 18
Joanna Shields
CEO of Tech City Investment
Organisation
Rohan Silva
Senior Policy Adviser for
Technology to the Prime
Minister
Friday, June 28, 13

19. LONDON’S TECH CITY
INTRO TO THE LONDON STARTUP SCENE 19
Eric Van Der Kleij
Ex-CEO of Tech City, now
Advisor to the Canary Wharf
Group
Benjamin Southworth
Deputy CEO of Tech City
Friday, June 28, 13

20. INTRO TO THE LONDON STARTUP SCENE
VENTURE CAPITAL
‣ Index Ventures
‣ Accel Partners
‣ Balderton Capital
‣ Atomico
‣ Notion Capital
‣ DJF Espirit
‣ Hoxton Ventures
‣ Connect Ventures
‣ Octopus Ventures
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Friday, June 28, 13

21. ‣ Passion Capital
‣ PROfounders
‣ Wayra UK
‣ Seedcamp
‣ TechStars (was Springboard)
INTRO TO THE LONDON STARTUP SCENE
SEED FUNDS + ACCELERATORS
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Friday, June 28, 13

22. Sherry Coutu
ANGELS
INTRO TO THE LONDON STARTUP SCENE 22
Brent Hoberman
Friday, June 28, 13

23. @TheNextWebUK
@MartinSFP
@PSawers
@MikeButcher
@IngridLuden
@Nero
@AlexWoodCreates
@OliviaSolon
@iRowan
@drjmederios
@BenJRooney
@IanSanders
INTRO TO THE LONDON STARTUP SCENE
TECH MEDIA
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Friday, June 28, 13

24. ‣ White Bear Yard, Clerkenwell
‣ Google Campus, Shoreditch
‣ TechHub, Shoreditch
‣ Innovation Warehouse,
Farringdon
‣ The Cube, Shoreditch
‣ The Hub: Kings Cross,
Westminster, Islington
INTRO TO THE LONDON STARTUP SCENE
COWORKING SPACES
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Friday, June 28, 13

25. INTRO TO THE LONDON STARTUP SCENE
BRITISH CYNICISM
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‣ Geographical Disparity
‣ Engineer Wages
‣ Investor Battles
‣ Hiring Time Period
‣ It’s Friday, where is everyone?
‣ Risk-averse?
‣ Fear of Failure
‣ Scaling from the Start
Friday, June 28, 13

26. ‣ Enternships
‣ Built in London
‣ Escape the City
‣ The Fetch
‣ WorkInStartups.com
‣ 3 Beards
‣ StackOverflow
INTRO TO THE LONDON STARTUP SCENE
HIRING + JOBS
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Friday, June 28, 13

27. INTRO TO THE LONDON STARTUP SCENE
SYNC UP WITH LONDON
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‣ General Assembly’s Mailing List
‣ 3460 Miles
‣ The Fetch
‣ Escape the City
‣ Startup Digest
‣ Tech City News Mailer
‣ The Albion London
‣ Facebook Group:
London Startups & London Startup Events
Friday, June 28, 13

28. INTRO TO THE LONDON STARTUP SCENE 28
NETWORKING EVENTS
Friday, June 28, 13

29. INTRO TO THE LONDON STARTUP SCENE 29
GENERAL ASSEMBLY LOVES LONDON
Friday, June 28, 13