UK Lacks Venture Capital Industry, Says James Caan
Dragons’ Den investor James Caan claims a scarcity of venture capital backing is stunting the growth of ambitious British businesses.‘We still have no real venture capital community here,’ says Caan, who also heads up private equity firm Hamilton Bradshaw. ‘Today the $64 million question is where do you go if you have a great idea and want to start a business from scratch?’
Caan states that the US has a clear template for venture capital and an enviable track record of success. ‘Some of the biggest companies in the world were actually conceived in America. Look at Microsoft, Amazon, eBay, Google – they are all the brainchild of Silicon Valley.
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