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

economist.com

211–220 of 374 posts

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

#211

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…

I feel that's more "US public transport being bad"

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

#212

Earlier quoted context omitted.

I think it is widely known that public transport in the US is god awful. Public transportation is lovely in most European countries, IMO.

It's pretty good in NYC. I heard it's nice in Boston too.

If they ran the suburban rail more frequently Boston would have a phenomenal system.

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

#213

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…

Many European cities have this. London has the biggest, though. And Asian cities. Paris has a metro, Berlin has a metro, Tokyo has a metro, many cities in China but that information is a bit less accessible.

China built an entire national high speed rail network while America was waiting to see if the Hyperloop was anything.

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

#214
post #195

Earlier quoted context omitted.

> The UK uses other parts of the county as a piggy bank to fund London projects. it's the exact opposite

This is demonstrably false. The data shows the exact opposite. Transport spending in London was £1,313 per capita in 2023/24, compared with just £368 per head in the East Midlands[0] - nearly 4x the investment. Over the decade to 2022/23, if the North had received the same per person transport spending as London, it would have received £140 billion more[1]. The East Midlands got just £355 per person, the lowest of ev…

You're describing economies of scale — they inevitably happen. London has high returns not only because of investment but also because it's a huge city and big cities generate good returns. If you built the Elizabeth line in the middle of nowhere, you wouldn't get a return. The return is enabled by the fact it's a big city.

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

#215

Earlier quoted context omitted.

The Elizabeth Line was unbelievably expensive to build; that's how the UK did it.

>> The Elizabeth Line was unbelievably expensive to build; that's how the UK did it. Fair. But what is also expensive is every single citizen taking $100 Uber rides to the airport, like in NYC. In NJ, the transit service has become so volatile and sporadic and opaque that people have reduced NJTransit use for Newark airport in favor of simply driving.

That cost doesn't show up on government books, so we can pretend it doesn't exist. The joys of decentral planning.

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

#217
post #65

I live in a big continental European city that also has a start-up hub. The companies here are also small, creative, solving problems, but don't necessarily aim for an exit and growth at all costs, many of them want to create a sustainable business solving a need that people have. I think, to the economist, these are just SMEs and a start-up is about making money, an IPO, an exit, the unicorns. And of course London a…

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…

Why should it grow to 100M in 5 years?

A business can make $500k profit per year, with two employees, forever, and that's a moderate success. Sqlite is doing just that. And they're not captured by exponential growth, they're not going boom or bust filling sqlite with advertisements and AI. They just make a solid product that works. Is that bad?

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

#218

Earlier quoted context omitted.

It's a classic example of how natural advantages and network effects can overcome mediocre to poor policymaking. The UK has been run by blithering idiots for decades at this point, but London has survived so far

Maybe the UK has been run by blithering idiots but the business environment and regulations are still among the most attractive in Europe... not sure what that says about the other European countries.

In Germany you need 25k$ and 6-12 months to establish the equivalent of an LLC. This is because Germany hates limited liability. It would prefer you to operate as a sole trader with unlimited liability, and then not do things that generate liability. Needless to say, this is scary for programmers.

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

#219

I am completely biased but I think London is one of the best places to live in the world, everything considered. There's a guy on Instagram who spins a wheel for a random country and goes to eat that cuisine somewhere in London. There are maybe 1 or 2 places in the world you can do that. It's an incredible feat of human diversity to pack hundreds of global cuisines into a 10 mile radius.

I don't know London all that well, I've only spent about a month there. But in my limited experience the food scene didn't come close to LA, SF, NYC, Tokyo. As an example, the LA metro Area (LA, OC, SB), 46% latino, 27% white, 15% asian 7% african, 3% mixed There huge sections of those cities, several kilometers long where you drive for miles and see majority one culture. Several areas majority korean, chinese, japan…

I disagree, NYC was OK but LA and SF specifically, the average quality of food was pretty bad. There were absolutely good options, plenty of them, but on average, just walking around, seeing something that looks good and checking Google Maps reviews (including reading them), had 0 guarantee of the food being of any quality.

Compared to London and Paris where you're guaranteed a good meal in any random place as long as the google reviews are ~3.5+. And even for the lower, the complaints are usually that the service is slow or rude, not that the food is shit tier quality. I mean 4.9 noted places with ramen that tastes like margarine and uses canned vegetables, or where the meat tastes bad.

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

#220

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…

I think it is widely known that public transport in the US is god awful. Public transportation is lovely in most European countries, IMO.

It isn’t universally awful in the US. Washington, DC’s system is great and should be the cornerstone of any revitalization that isn’t so reliant on the federal government.
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