Venture Capital investment is flowing into London for web2.0 startups. You only have to be around some of the geek/coffee/launch events to sense that the first half of 2007 has seen a tipping point for the community of developers, entrepreneurs, bloggers, social media pundits, angel investors and VCs. As well as the homegrown scene, many European and American individuals with skills and initiative are moving to London to set up their new web2.0 startup companies because of the buzz on the London scene, and because the regulation and tax frameworks make it so much easier to set up and expand new businesses in the UK capital.
Now there are some figures to show the world:
TechCrunch UK » Blog Archive » UK, Ireland grow as Web 2.0 goes global
Within Europe, the United Kingdom posted the most activity in the first half with a record seven deals accounting for US$22 million invested.
Andy Roberts is a writer who initiated DARnet. Contact me on aroberts@gmail.com or @aroberts on twitter
