John Rosenberg, general partner at TCV, explains startups founded outside the main tech hubs are also within a chance of success.
It’s time to dispel the myth that the most successful technology startups are only born out of major cities such as London, San Francisco, New York, Berlin, Stockholm or Tel Aviv.
It is true that the well-known technology ecosystems in those larger cities benefit from serial entrepreneurship and command a concentration of venture capital investment – fostering growth and prosperity and creating a virtuous cycle. But behind all the headlines about billion-dollar valuations and monster exits, one can often miss a growing trend.
The trend I’m referring to is that successful startups are now being founded in ever greater numbers outside of the major UK cities. Take Basingstoke-based NewVoiceMedia, Durham-based Atom Bank or Yorkshire-founded Anaplan....