The Ledger
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Sohoni: UK Tech Ecosystem Is 10 to 15 Years Behind Silicon Valley
“Actually, I am hearing of Simon Nixon more and more, but I would say we're probably a decade or 15 years behind in that sense.”
Sohoni: Seedcamp Portfolio Company TransferWise Will Become a Platform Business
“So, you know, you do have the Skype founders who've obviously done an incredible amount with Atomico and then some, but you have Tavit who left Skype and started TransferWise, which is a portfolio company of ours. Absolutely. And you know, I would say has a hu…”
Sohoni: Regional fragmentation in European venture capital limits startup scalability
“Venture capital, I think, continues to be so regional. I mean, it's a terrible thing. It just doesn't sort of unify across you know, across Europe. And so scalability is limited, therefore, you know to a big reason because of that.”
Sohoni: Crumbling welfare systems are spurring entrepreneurship in Southern Europe
“The challenges we're seeing across continental Europe you know, with those support systems falling apart is actually engendering a move towards entrepreneurship. So we see that in Portugal. Uni places just has been, you know, has had a great round of funding r…”
Sohoni: Childcare infrastructure in London is nearly impossible for founders
“Childcare is, is kind of impossible in the UK market in London, and somehow it doesn't fall on my husband. It somehow falls on me to kind of think about that, right?”
Sohoni: Europe has not produced a massive tech platform company yet
“We haven't quite hit that sort of massive platform business yet.”
Reshma Sohoni: European startups target urban density over geographic proximity
“Our founders are saying, let me launch immediately in London, Berlin, maybe even in New York, actually. So they're really going after urban spread rather than any kind of geographical bias.”
Global City Residents Share More Cultural Traits Across Borders
“I think a person in Shanghai feels a lot closer to the person culturally, kind of what their day-to-day needs are to a person in New York or San Francisco or London or Berlin versus kind of maybe even the rest of China or rest of India or so forth.”
Sohoni: European tech founders have become far more commercially astute
“When we started, there was a real lack and I think I can say that sort of confidently being American is a lack of commercial sense and sort of how do you get these products out to market and focus around product and usability and, you know, kind of thinking be…”
Sohoni: Female-led startups comprise only a tiny fraction of Seedcamp portfolio
“Even in our own portfolio, it's a tiny percentage that are female, female-led companies.”
Reshma Sohoni: Early US Capital Unlocked TransferWise's Growth Trajectory
“I do think the trajectory of that business has changed. It would be in a very different curve. Had it not been for some of that American capital that came in very early.”