In this guest post Victor Basta, managing director of boutique investment bank Magister Advisors and a specialist in the technology sector, argues that we'll see fintech valuations fall steeply across the board this year.
Tech investors are increasingly including “#MeToo” clauses in deals with start-ups, forcing entrepreneurs to disclose complaints about sexual harassment in the workplace, as more women speak out about sexism in the industry.
Britain’s largest technology company had an inauspicious start to the year: after it published its first-half results last week, shares in Micro Focus dropped by a fifth.
A record number of unicorn financings—venture-backed companies valued at $1 billion or more—helped drive U.S. venture funding to a total of $84.2 billion in 8,035 companies (through 8,076 deals) in 2017, according to Venture Monitor data.
Germany just passed the UK in number of tech developers. A sharp rise in German VC funding will surely follow
The UK’s hammer-lock on leadership in European tech development has just been eclipsed for the first time ever by Germany. Moreover, Germany has set the stage for a tripling of venture money into its fast-emerging tech ecosystems.
Apple just bought a $400m Xmas present called Shazam. Three years ago, Shazam was valued at $1B by investors. That means its value has fallen 60% in three years, while it has grown in size, and NASDAQ has risen almost 50%.
Amid record amounts of capital raised by VCs worldwide, and a sharp rise in the number of private “unicorns” valued at $1 billion-plus, there has been a quiet, barely noticed implosion in early-stage VC activity worldwide.
It’s been a busy period for the UK’s fledgling digital banks. Since January, eight UK digital banks have collectively raised $600m and two challenger banks were acquired for $2B+.
Business coaching and success podcasts are a huge global industry. American coaches collect $1B+; no wonder 3x as many coach today as 10 years ago. And the number of 'how to succeed in business' podcasts are too many to count.
Our migration debate hardly mentions ‘immigrant founders,’ yet I believe they hold the key to the future of the UK’s strategic tech industry, and the UK economy by extension.