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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

#91

Earlier quoted context omitted.

Oh and it's also the least spontaneous place I've lived in. All the food in the world, but you can't really just decide to try something, because everyone knows about the place, and they don't do bookings anyway, and everything is packed all the time, so there's an hour and a half queue to get in, after which you'll be granted a generous 35 minutes to eat before being softly nudged out by the waiter. This is probably…

Yeah my biggest problem with London is how it seems to lack a real spontaneous street food culture, especially compared to New York, Paris, or Istanbul (which is particularly great at this.) I spent a couple days walking 40+ km around the city and usually I just ended up eating at Istu or Greggs or one of those similar chains. The same thing in NYC or Paris gets you an infinitely better food experience. It seems like…

40+km, every day? Or even if total, it's a proper distance. I'm fascinated by that. Do you just walk around randomly or do you plan things you want to see ?

Walking is imo one of the big "secret" ways to get to know a city. I fondly recall just getting lost on purpose in major cities, and at the end of the day take a taxi, or bus, or tuk-tuk back to the place I was staying. So many things seen, and tried, and random people encountered from all walks of life, it's one of the best things.

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

#92

Earlier quoted context omitted.

Yeah my biggest problem with London is how it seems to lack a real spontaneous street food culture, especially compared to New York, Paris, or Istanbul (which is particularly great at this.) I spent a couple days walking 40+ km around the city and usually I just ended up eating at Istu or Greggs or one of those similar chains. The same thing in NYC or Paris gets you an infinitely better food experience. It seems like…

40+km, every day? Or even if total, it's a proper distance. I'm fascinated by that. Do you just walk around randomly or do you plan things you want to see ? Walking is imo one of the big "secret" ways to get to know a city. I fondly recall just getting lost on purpose in major cities, and at the end of the day take a taxi, or bus, or tuk-tuk back to the place I was staying. So many things seen, and tried, and random…

Yeah I was doing a challenge of walking entirely across the city, from Woolwich to Heathrow. I think I made it to about Chiswick before my phone died and it was too dark to keep recording on my GoPro. So maybe 30-35k or so that day, and another 20k or so the day before and after just exploring the city more informally.

Agreed that walking is the best way to see a city, for sure. I have done similar one day walks across Brooklyn, Manhattan, etc. and always really enjoy the experience. Usually I have a kind of set goal, like “walk entirely across X place.” I think in Istanbul though I mostly just wandered for 100km (over the course of a week.)

This past summer I walked about 124km around Paris over 5-6 days, going in a spiral through all the arrondissements. That was a great way to discover some new neighborhoods.

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

#93

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…

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

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

#94

Earlier quoted context omitted.

Oh and it's also the least spontaneous place I've lived in. All the food in the world, but you can't really just decide to try something, because everyone knows about the place, and they don't do bookings anyway, and everything is packed all the time, so there's an hour and a half queue to get in, after which you'll be granted a generous 35 minutes to eat before being softly nudged out by the waiter. This is probably…

Yeah my biggest problem with London is how it seems to lack a real spontaneous street food culture, especially compared to New York, Paris, or Istanbul (which is particularly great at this.) I spent a couple days walking 40+ km around the city and usually I just ended up eating at Istu or Greggs or one of those similar chains. The same thing in NYC or Paris gets you an infinitely better food experience. It seems like…

What the hell are you doing wrong? I never eat the same thing twice in London?!?

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

#96
post #94

Earlier quoted context omitted.

Yeah my biggest problem with London is how it seems to lack a real spontaneous street food culture, especially compared to New York, Paris, or Istanbul (which is particularly great at this.) I spent a couple days walking 40+ km around the city and usually I just ended up eating at Istu or Greggs or one of those similar chains. The same thing in NYC or Paris gets you an infinitely better food experience. It seems like…

What the hell are you doing wrong? I never eat the same thing twice in London?!?

But are the places you’re eating 1) fairly affordable and 2) quick / fast food and not a proper sit down restaurant?

I had an extremely difficult time finding places with those requirements. Everything seemed to require sitting down for at least 20-30 minutes, which didn’t fit my walking schedule.

I didn’t have the same problem in NYC or Paris, where it’s very easy to find a variety of places to grab a kebab, baguette sandwich, pizza slice, dumplings, etc.

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

#97
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 think you're right that the ambitions in Europe are smaller and I'd say more likely healthier for those involved and maybe the world in general. I have spent some time working in a start up hub in Scandinavia and there was the usual talk of innovation, disruption, work hard, etc... but by 4:30 the offices were empty and people had gone home to their families. Work life balance still came first.

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

#98

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.

There is only so much of food one can eat and after all potatoes and steak do the job as well.

It's okay not to be that into food, but a bit odd to expect everyone else to be the same. If I had to eat steak and potatoes every day I'd be miserable by day 2.

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

#99

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.

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…

You could not possibly compare Sydney and London, they are very different. London is a bustling diverse city, Sydney is a nice (big) town. Sydney is a great place, and London is far from perfect but they are not in the same conversation. They are different.

The Global Liveability Index is, essentially, highlighting the most middle of the road cities. London (as with New York) has huge disparities and that guarantees it will never rank well on the Global Liveability Index. The people who choose to live in London and love London (as with the people who choose to live in New York and love New York) do not choose it because it is average.

I have lived in London and Sydney and many other cities. I have fallen out of love with London. I would rather live in Sydney than London. I still cannot imagine ever describing Sydney as a better city than London. Just as I can't imagine describing Copenhagen better than London.

Healthcare in London is world class. A city is crowded. The weather is very average for Europe.

People from Sydney who move to London come to hate it, once the novelty wears off, just as they would with New York, because the Australian way of life is very different. Sydney is closer to island life than city life.

Even with London's ongoing decline due to the U.K's inexplicable self sabotage, it still has something to offer.

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

#100
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…

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