Nice article on how it could impact start-ups in Europe
The “United” Kingdom just punched the European startup scene in the face and we’ll see if Europe can recover. The problems that the Brexit vote will bring will have ramifications that will be felt across Europe. In any tumultuous change, though, the weakest entities suffer the most, and in business who will be the ones most exposed to the effects of the Brexit by definition? Startups. Here’s a new lexicon of Brexit-styled terms that startups may want to learn to discuss what will happen… Eurogeddon: The amount of funding for European startups will drop by 20% or greater by the end of the year. Approximately 50% of European funding is from London, and London dominates the later stage funding rounds.