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I think its a bit unfair to make the comparison between a US and a UK tech business. All of the major tech companies are US based, be it web, mobile or software. The eco system in the US is so more sophisticated and mature than it is in Europe and as such, the mind set is totally different.
It continues to surprise me how entrepreneurs reach the valuations on their seed start up’s.
And this is where the US is country miles, even years ahead of the UK.
I really struggle with VC’s that purport to invest in start up’s. They don’t.
Its been announced that the European version of the Web 2.0 Expo, an extension of the hugely successful web conference held in San Francisco, has been cancelled.
O’Reilly Media, organisers of both events, commented on their blog “Due to the uncertain economic situation of many companies, our American colleagues, the organizer O’Reilly Media, Inc. and Techweb, [...]