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How London became the rest of the world’s startup capital

economist.com

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Re: How London became the rest of the world’s startup capital

#181
post #176
post #164

Hub / City Area,Total Tech Startups,Total Funding (2025 Est.),Total Residents (Metro),Startups per 1k Residents,Money per 1k Residents San Francisco (Bay Area),"18,052",$122.0 Billion,7.7 Million,2.34,$15.84 Million New York City,"15,000+",$45.0 Billion,19.5 Million,0.77,$2.31 Million London,"8,900",$26.0 Billion,9.0 Million,0.99,$2.89 Million Tel Aviv (Area),"2,996",$12.0 Billion,4.2 Million,0.71,$2.86 Million Beiji…

My eyes..

[deleted]

Re: How London became the rest of the world’s startup capital

#182
post #38

Earlier quoted context omitted.

The math works out for almost every HCOL area. Your salary is higher. Rent is high too but people either choose to live further away or accept a smaller apartment/condo. London has a big commuting radius with strong regional transit (as maligned as it is).

There goes another 15% of your net income on train tickets. Eating out every time (because have no time for proper value shopping) and you are basically working in exchange of food, housing, and commute.

Where are you pulling this random 15% number from? And a ridiculous number too. It's more like 2% to 3% unless you spend your entire day traveling.

I just checked how much I pay for travel. My monthly travel expenses is £150 total. That's like between 2% to 3% of someone's net income (depends on how much net income you make).

Do you know it is impossible to 15% of your net income in travel because there is a weekly fare cap: https://tfl.gov.uk/fares/find-fares/capping

Worst case scenario, you are traveling too much every week to max out the fare cap across all travel zones. Your monthly total would be £244. That's like 3% to 6% of your net income. But this is the worst case scenario. If you are spending 6% of your net income on travel, maybe you should reconsider which zone you live in.

So seriously where are you pulling out this ridiculous 15% number from?

Re: How London became the rest of the world’s startup capital

#183
post #130

Earlier quoted context omitted.

I feel that these shouldn't be alternatives. Calling something startup is up to the definition that we use; one that I like is the following: A startup is a temporary operating model designed to discover a repeatable, scalable, and profitable business. A friend of mine used: A company that just started that can scale to 100M evaluation in less than 5 years. From these point of views, there are a lot of wonderful SMEs…

> A company that just started that can scale to 100M evaluation in less than 5 years. How can you assign a name to something based on what might happen in < 5 years ?

Whether the company targets or not that goal is a major distinction.

For example if I open a restaurant I'm 100% guaranteed not to be valued 100M in 5 years.

If I target to be the next social network and compete with TikTok, then it's a startup.

Goal, ability to scale, global business from the onset, etc. are things you can perceive today without being able to read the future.

Re: How London became the rest of the world’s startup capital

#184

Is this really surprising? London picks up all the advantages of the UK (legal system is sound, eg in contract law, native speakers of English, the lingua franca of business, strong university tradition) and adds in its special sauce: access to the City, global-tier culture, excellent public transport (I know we moan about it, but it really is excellent), and a timezone location that easily serves the US and Asia mar…

Is it reasonable to say that in many (not all) parts of London, English no longer functions reliably as the default public language, even if most individuals technically "speak English"?

> English no longer functions reliably as the default public language

Absolutely false. My god! Have you even been to London? Stop consuming propaganda from Twitter/X and Facebook. It isn't good for your mental health.

Re: How London became the rest of the world’s startup capital

#185
post #77

Earlier quoted context omitted.

Where else have you lived though? The cost of living is high, healthcare is problematic, crowded, bad weather, low economic growth prospects. It's not even top 10 on most lists. Europe, Australia has way better cities. Example Sydney, life expectancy is at least 5 years more. The poverty rate in London, 26%, is double of Sydney at 13%. E.g. https://www.forbes.com/sites/laurabegleybloom/2025/06/18/the... https://en.wi…

London has a special microclimate and pleasant weather all year around. No extremes and less rain than other parts of the country.

The best part about London weather is that it’s rarely life threatening. No big storms, cyclones, floods or extreme temperatures.

To say it’s pleasant year round is probably a bit of a stretch for most.

Re: How London became the rest of the world’s startup capital

#186

Earlier quoted context omitted.

Is it reasonable to say that in many (not all) parts of London, English no longer functions reliably as the default public language, even if most individuals technically "speak English"?

I don't think so. Like sure, if you're a Bangladeshi living in Tower Hamlets you could probably get away with a limited life speaking only Bengali, but you could say the same about Spanish in swathes of the US. Realistically, you need English.

I have done a lot of social work with Bangladeshi community. What many people don't know that the Bangladeshi wives who come as dependants speak better English than their husbands and sometimes as good as the natives.

I was surprised the first time I got into volunteer work. Figured that these wives have never spoken English in their home country. So when they moved to London, they learnt English from scratch and picked up the local accent and speaking style. Their grammar may not be perfect sometimes but whose is?

Re: How London became the rest of the world’s startup capital

#187
post #172

Earlier quoted context omitted.

Across most of the world, people who do not share a common native language will speak English to each other. London is no different. What this is, is a racist meme pretending that the significant fraction of immigrants to London who may occasionally speak their native language to each other in public is somehow a problem. Exactly equivalent to Americans panicking about Spanish.

I think the "Exactly equivalent to Americans panicking about Spanish" comparison is good. Thanks!

I was going to add "coming into a pub in Wales and complaining about the occupants switching to Welsh", but that is a slightly different scenario. Partly because Welsh is much rarer.

Re: How London became the rest of the world’s startup capital

#188

Earlier quoted context omitted.

I actually wrote a webapp to show this, check it out - https://housepricedashboard.co.uk/ London house prices are falling quite a lot in real terms.

I am getting DNS_PROBE_FINISHED_NXDOMAIN.

Ah shoot, it's not .com, it's .co.uk. So https://housepricedashboard.co.uk.

Re: How London became the rest of the world’s startup capital

#189
post #142

I cant speak to all this, but as an American doing a lot of work in London, wow transportation is incredibly great. Shockingly impressive. Traveling to London, and getting around London, and doing a lot of meetings in a small trip, is easier than anywhere in the US now because of how beautifully their transit system works (despite occasional delays which can be expected.) The rollout of the Elizabeth Line from Heathr…

Some bits about the service can be pretty astounding. I used to live near the Central line. The station near home was open air and the exit was at the very end of the platform, so I always wanted to make sure I entered the train from the correct end. Service on the Central line is frequent enough (24 trains per hour off-peak), that, if I hopped off the train from the wrong end, the time it took me to walk the length…

Hah, the joys of optimising your morning commute on the Underground.

“If I stand here on the platform, then the door will open right in front of me, and I’ll be exactly at the exit of the next platform where I need to change…”

Re: How London became the rest of the world’s startup capital

#190

I cant speak to all this, but as an American doing a lot of work in London, wow transportation is incredibly great. Shockingly impressive. Traveling to London, and getting around London, and doing a lot of meetings in a small trip, is easier than anywhere in the US now because of how beautifully their transit system works (despite occasional delays which can be expected.) The rollout of the Elizabeth Line from Heathr…

> Under the project name of Crossrail, the system was approved in 2007, and construction began in 2009. Originally planned to open in 2018, the project was repeatedly delayed [...] The service is named after Queen Elizabeth II, who officially opened the line on 17 May 2022[...]. I wouldn't say thin air , exactly.

>> I wouldn't say thin air, exactly.

Fair but have you seen how long things take in the US? The original proposal for the 2nd ave line was in 1920 and they have only managed to deploy four stops. I read about it in the news when I was in 5th grade and still read about it now, 40yrs later. https://en.wikipedia.org/wiki/Second_Avenue_Subway

Similar for the Hudson tunnel which is supposed to allow commuter trains to function w/o the current madness...

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