This post was initially titled “Where should the startup hub in UK be? Hint: NOT London!” of which the central theme was; although London is the hub of internet technology in UK, it should not be because of the high cost of living which eliminates startups between idea and Y Combinatior graduation stage (product fitness). I also stated that because of the importance of a living community tied to Universities like that which exists in the Valley (Stanford and Berkley), London is NOT conducive, as the Universities there are deep inside the city. I tried to propose a hub location by comparing Cambridge, Oxford, London, and Warwick (my University). While researching for my write up, I realized that there are greater challenges to the UK start-up scene than having a main hub .
Before going on, it is important to note why I am in a great position to write this post.
- I am a foreigner (Yes, I am Nigerian), therefore I have no bias.
- I have followed the ‘UK start-up scene’ quite closely for a while (1 year)
- I have just begun my startup OnePage so I have firsthand experience of what is like creating a startup in the UK
I will itemize the factors working against the UK startup community thereafter suggest my solutions to the challenges I have listed.