June 05, 2024
A recent blog post by Monzo founder Tom Blomfield asks why the UK languishes behind the US when it comes to building technology businesses. He thinks he has found the answer.
The transatlantic divide between the UK and US can feel really wide when talking about technology business success. While the US races ahead in creating new tech unicorns – 928 worth a combined $3.2 trillion to date, according to Pitchbook, – the UK may lead Europe, but is still miles behind, with the whole region minting 215 unicorns to date, worth just under $620 billion. The gulf continues up the ladder, too: Microsoft, the US’s biggest tech company, has a market capitalization of $3.1
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June 05, 2024
