Clifford: Startups can arbitrage US capital and lower UK engineering salaries
Matt Clifford · a16z Podcast | Building Tech Startups in a Place Where Tech Isn’t Everything · Jan 2, 2019 · at 16:07
Matt Clifford, co-founder of London accelerator Entrepreneur First, discusses talent compensation differences between Silicon Valley and the UK.
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“I think the other thing we're increasingly seeing very strongly with our companies is that the cost of engineering talent in the Valley relative to here means that there is actually, has Ted said, an arbitrage play available of raising US money on US terms and hiring UK engineers on UK salaries because what you could, what it would cost you to get a Stanford grad straight out of, you know, a four year CS degree, you can get, you know, a Cambridge PhD with, you know, three years postdoctoral experience in machine learning.”
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