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I’m leaving London for NYC and taking my tech startup

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Re: I’m leaving London for NYC and taking my tech startup

#141

Post by helsinkiandrew »

I’m not sure I get it. This just sounds like someone wanting to move to NY and coming up with a rational for it.

The company still seems to be selling and recruiting in London.

A ‘poor sales culture’ in London won’t effect a companies ability to hire good sales people and get sales unless they’re a bad company to work for.

Brexit will have an impact on recruitment but there is no problem (at least there wasn’t a few years ago) getting work permits for people with AI related phds to work in a company serving financial and legal companies in the city in the UK.

Re: I’m leaving London for NYC and taking my tech startup

#142

Post by [deleted] »

TheSpiceIsLife wrote: post #126
eganist wrote: post #32

Earlier quoted context omitted.

> I mean, good luck to him moving his HQ to NYC etc. but if I were an employee in London HM The Queen's tea cup in Windsor would be shaking from the sonic boom after I lit the reheats on my CV. I wish I lived in London just to use this expressive nugget of gold.

Gold. The Epstein Drive [1] method of finding a new job. 1. https://expanse.fandom.com/wiki/Epstein_Drive

[deleted]

Re: I’m leaving London for NYC and taking my tech startup

#144

Post by zeristor »

TheSpiceIsLife wrote: post #126
eganist wrote: post #32

Earlier quoted context omitted.

> I mean, good luck to him moving his HQ to NYC etc. but if I were an employee in London HM The Queen's tea cup in Windsor would be shaking from the sonic boom after I lit the reheats on my CV. I wish I lived in London just to use this expressive nugget of gold.

Gold. The Epstein Drive [1] method of finding a new job. 1. https://expanse.fandom.com/wiki/Epstein_Drive

As opposed to Jeffrey Epstein who everyone tries to get away from as fast as possible.

Re: I’m leaving London for NYC and taking my tech startup

#145

Post by DeathArrow »

>We’re in good company making this step: SaaS giant UiPath moved its headquarters to New York in 2017 to be closer to its international customer base.

UiPath moved offices in the US because it is easier to finance a business in US. But even if the offices were moved most of the work it is still done in Romania.

Re: I’m leaving London for NYC and taking my tech startup

#146

Post by Barrin92 »

>The sad truth is that there are no listed trillion-dollar tech companies in Europe. Given Europe’s market size and depth of its talent pool, this is a surprise. Deliveroo, for example, had an extremely challenging IPO, trading at much lower multiples than some of its American peers despite better metrics.

Is that really a sad truth other than for VCs who want to exit based on future expectations? If you have better metrics and you make money you're employing people and you're paying wages and you're growing things seem fine.

No doubt the US has many great tech companies but if you see some of the inflation in terms of funding rounds and evaluations slapped on companies that aren't profitable is that really necessary to emulate?

Re: I’m leaving London for NYC and taking my tech startup

#147

Post by DeathArrow »

KaiserPro wrote: post #22
jgrahamc wrote: post #6

Beyond that, I believe that Europe’s (particularly Britain’s) negative cultural attitude towards sales is a major inhibitor to building tech champions on the same scale as the US or China. In my thirteen years of working in the UK, I’ve learnt that in British culture sales and selling is viewed negatively. The linked HBR article talks about self-promotion not sales. That seems quite different to me. And speaking from…

London does sales well, if you want a sales office you open it in london. What it doesn't do well is spaff money indiscriminately at any old idiot with an idea. Even less so to someone with a crap idea. Despite the article author's claim, most of the startups in the generation that I joined (2018+) have focused on getting a decent business model, rather than hyper growth above all else. They also had to do much more…

>What it doesn't do well is spaff money indiscriminately at any old idiot with an idea.

Different philosophies. In US you throw money at ten stupid ideas hoping that even nine will be dead, one will be successful and see extreme growth, making you very rich. It's more of a gambler's approach.

I don't know if studies were made but I suspect US based startups who survive to see a large growth while in EU even the growth is small more startups are surviving.

> most of the startups in the generation that I joined (2018+) have focused on getting a decent business model, rather than hyper growth above all else.

With hyper growth at least you have the satisfaction of taking thousands of investors with you if you fall, while producing a big hole in the stock market and capture media attention. You will never be forgotten, you will have a several Wikipedia pages about you and also some legal investigations. Your name will be mentioned in bussines schools.

Re: I’m leaving London for NYC and taking my tech startup

#150

Post by DeathArrow »

barry-cotter wrote: post #113
KaiserPro wrote: post #22

Earlier quoted context omitted.

London does sales well, if you want a sales office you open it in london. What it doesn't do well is spaff money indiscriminately at any old idiot with an idea. Even less so to someone with a crap idea. Despite the article author's claim, most of the startups in the generation that I joined (2018+) have focused on getting a decent business model, rather than hyper growth above all else. They also had to do much more…

>Despite the article author's claim, most of the startups in the generation that I joined (2018+) have focused on getting a decent business model, rather than hyper growth above all else. > They also had to do much more with significantly less. There was less VC money sloshing about compared to the west coast, so we had to be very careful in how we optimised. With supporters like this the UK is in no need of enemies.…

> It would be difficult to more pithily explain why the US is a better place to build a startup as a founder, or to explain why US startups have more money and so can pay their staff more.

But it is really simple. In US they have a higher appetite for gambling.

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