Khan: London Bankers Are Less Active in Tech Investing Than Wall Street
Shaq (Shakil Khan) · a16z Podcast | Scaling Ideas and Startups in the U.K. and Europe · Jan 2, 2019 · at 6:07
Shakil Khan, founder of CoinDesk and early Spotify investor, compares the integration of traditional finance into startup investing in London versus Wall Street.
0:00 / 0:16exact quote · 16.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I think the London Financial Centre versus tech are two separate things apart from where fintech is involved. They seem like two very different industries, unlike Wall Street where a lot of investment bankers are active in investing in tech startups.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Shaq (Shakil Khan)
Khan: Uber won ride-hailing; Hailo VCs want immediate exit
“Halo is basically a London niche company funded by VCs who, if they could get an exit, would take their exit tomorrow and get out of the business, because Uber has won in that space.”
European Startups Adapt Better to City Expansion Than US Firms
“Look at the marketplace businesses, it's actually no longer about countries. It's cities, right? Which cities work and which cities don't work. And, you know, Istanbul is many thousands of miles away from here. And there's an entrepreneur probably go London, I…”
Shakil Khan: TransferWise Could Exceed Spotify and Skype in Scale
“TransferWise is doing an amazing job, and I hope this goes down as, you know, one of the biggest companies ever to come out of Europe, up there with Spotify and Skype, or bigger than even those companies.”
Khan: UK Lacks Multi-Billion Exits Needed for Capital Recycling
“We haven't had those major hit after hit of multi-billion dollar exits, whether in the private market or in the public markets, such as the Googles or the Facebook. So that trickle-down effect hasn't happened, and it'll be a while till it happens.”
Khan: Small-market European startups succeed by designing globally from day one
“Take a market like Sweden, the reason why Spotify partly has been successful was, from day one, the product was built to go global. The same thing with Skype, transfer-wise, a building for a global audience, because The local population is far too small to be …”