The UK’s venture capital (VC) market has entered its cautious era. The years of exuberance prompted by low-cost capital, soaring valuations and fastscaling technology startups are over. Faced with tighter funding conditions and a weaker exit climate, investors are returning to fundamentals: sustainable business models, clear paths to profitability and long-term resilience.
The trouble is that caution has a cost. The UK has the intellectual base and engineering strength to build globally significant companies: it’s home to four of the…