Featuring the Literal Humans team
Season 3 kicks off with a discussion on London’s tech scene post-Brexit, a deep dive on the UK’s regional tech hubs, and some advice on how tech startups can prepare for the likely economic downturn.
Our conversation begins with a look at the gradual decline of London as an appealing hub for tech startups and the consequential rise of France as a potential candidate to replace its position. Currently, France’s tech startups have secured over €10 billion in funding, while London’s tech startups have raised over £50 billion, placing London in the lead. However, there are various social, economic, and political factors that may jeopardize London’s standing. Will initiates the discussion by highlighting a concerning trend: “We’ve witnessed a 20% drop in VC funding for London’s tech sector amidst economic downturns, such as the Contra ENEOS situation. In contrast, France has experienced an 8% increase.”
As the conversation progresses, our trio explores the growing options for alternative tech hubs within the UK, including Manchester, Edinburgh, and Leeds. Paul introduces the concept of a generational shift, which has prompted tech workers based in London to migrate to other parts of the country. “London is exerting tremendous pressure on individuals, pushing them to explore these emerging hubs. They are taking their talent and knowledge with them, and companies are either following suit or wisely predicting this trend and hiring accordingly,” Paul explains.
Finally, we discuss some valuable guidance and insights to assist tech startups in thriving within this unstable economic climate. Will and Paul share their best insights on this matter, offering a much-needed push in the right direction. As the tech industry continues to evolve, adaptability and innovation become paramount, and strategies for long-term success become more important than ever.
