Brexit

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Shortly after the UK voted to leave the European Union, we pointed out how dependant British startups and, more importantly, British venture capitalists are on funding from Europe. The European Investment Fund, specifically, gives VCs in London hundreds of millions of euros each year.
It’s still unclear what will happen to that money, just as most things Brexit-related are unclear, but VCs are wasting no time in lobbying for new tax breaks and funding in order to plug any potential gap. From The Economist on Friday:

Shed a tear for the poor, government-dependent British venture capitalist | FT Alphaville