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February 22, 2006
Everyone wants a piece of Skype's cachet
Technology startups don't need to be based in America to be successful - the UK is in fact better, according to a keynote speaker at recent confab in London who was quoted in an article published in The Register today. The proof that hyper-success can be achieved in the UK is Skype, which the panelist said was based in London.
Everyone wants a piece of Skype's billion dollar cachet it seems. But was Skype British? Sure some of the execs work in London. But the Swedes are laying claim to Skype because of the nationality of one of the founders. Luxembourg claims it because Skype's holding company was based there. And the Estonians can claim a piece of Skype too because a lot of the software developers and support staff work there.
We are all up for more tech investment on this side of the Atlantic, but we think that rather than proving that the UK is the best place to found tech companies, the Skype story shows that for online service companies that deal directly with consumers, location is not that relevant for quick growth. It is not necessarily true for the rest of the tech sector.
Posted on February 22, 2006 05:44 AM | Posted to Venture Capital | Permalink
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