GBx

Chris Neumann, GP of Panache Ventures, has created 10 tips on how British founders can maximise the impact of their visits to the Bay Area. Delighted to see GBx listed as #1 on this list. 🇬🇧 🌉

Thanks Sara Rona (SVB) and Daniel Glazer (Wilson Sonsini Goodrich & Rosati) for putting together this article: 'When and how UK and European founders should expand to the US' Our key takeaways... ⏰ Timing is crucial: "Go early or go late... A SaaS company might want to get their service in the US market early, while a consumer company may wait until they have significant revenues and product/market fit in their home market at the onset." 🌎 Cultural differences in Pitching: "US investors are interested in a clear story about ‘how’ the business is going to achieve unicorn status, and what KPIs they’ll meet to get to a path of profitability." 💰 Cost considerations: “By far the biggest expense in the US is talent... UK and EU businesses expanding to the US will find the cost of doing business to be higher, but if they have US product-market fit the commercial upside typically far exceeds those incremental costs." Read more: https://lnkd.in/eSw8Z-E3

When and how UK and European founders should expand to the US? By Sara Rona, MD, Head of Europe, MENA & ANZ, Global Gateway at SVB & Daniel Glazer, Managing Partner, Wilson Sonsini Goodrich & Rosati Our key takeaways: ⏰ Timing is crucial: "Go early or go late... A SaaS company might want to get their service in the US market early, while a consumer company may wait until they have significant revenues and product/market fit in their home market at the onset." 🌎 Cultural differences in Pitching: "US investors are interested in a clear story about ‘how’ the business is going to achieve unicorn status, and what KPIs they’ll meet to get to a path of profitability." 💰 Cost considerations: “By far the biggest expense in the US is talent... UK and European businesses expanding to the US will find the cost of doing business to be higher, but if they have US product-market fit the commercial upside typically far exceeds those incremental costs.” Read the full article here: https://lnkd.in/eSw8Z-E3

GBxers have been busy this past month! Congratulations to... 🤖 Robert Chandler, and his co-founder Filip Kozera, on raising $30M in seed funding for their platform, Wordware (YC S24), that allows users to create AI applications using everyday language instead of traditional programming. Led by Spark Capital 🌊 Jonathan Haswell, CBO, OceanWell Water on announcing their $11M Series A led by Kubota Corporation, to build deep-sea water farms and supply abundant fresh water. Jonathan has also been at The White House this month, participating in the Enabling Innovation for Water Security and Climate Resilience Roundtable. 🩺 Co-founder Charlie Bullock and the Scan.com team on being ranked by Deloitte as the 11th fastest-growing tech company in the UK, with an incredible 2,769% growth over the past 4 years. ♀️ And to our female founders, nominated by the Founders Forum Group as the most promising women tech founders to watch: Emma Bates, Founder, Diem; Insiya Jafferjee, Founder, Shellworks; Tommie Edwards FRSA, Founder, Tech1M. 👏 🇬🇧

The GBx gala convenes industry leaders across tech, business, and innovation to reflect on the UK’s past year in innovation and look towards the future of technology. Fittingly, the gala coincided with the first anniversary of the AI Safety Summit at Bletchley Park – and since November 2023, the UK’s tech ecosystem has only grown stronger.    With more tech unicorns than France and Germany combined, the UK is currently the world’s third largest tech economy, valued at over $1 trillion and rising. Through a combination of world-class talent, agile regulation and a focus on global expansion, the UK’s economy is uniquely positioned to support unicorn growth.      Not only is British innovation pushing the boundaries of tech industry, but companies are also coming from around the world to leverage our stability and world-class talent pool in building their own revolutionary technology. Recently, the International Investment Summit saw foreign companies committing over £63Bn of private investment around, creating over 38K new jobs in the UK. It also saw four major US-based tech firms announce the UK will be the home for their data infrastructure, worth a total of £6.3 billion. In January to July 2024, investment into the UK AI sector was greater than the entirety of 2023      Fantastic to celebrate these remarkable milestones with GBX, a partner organization that helps to represent the best of British from the West Coast. We look forward to what the next year will bring for the future of #technology and #innovation -- in the UK and beyond.    GREAT Britain & Northern Ireland Campaign Imperial Global USA Department for Business and Trade Imperial College London Wilson Sonsini Goodrich & Rosati NFX Generation Investment Management Intrinsic Goldman Sachs Odgers Berndtson Merrill Lynch Silicon Valley Internship Programme Taylor Wessing Uncork Capital

Delighted to see GBxer Jonathan Haswell participated in a roundtable last week at The White House focused on water security and climate resilience. OceanWell shares more on the water crisis and its implications, not just on drinking, but on chip fabrication, data centres, AI...

This week, the British tech ecosystem gathered in San Francisco for the GREAT GBx Gala, celebrating the UK's booming $1 trillion tech sector—the largest in Europe and the third largest globally. 🦄 160+ unicorns call the British isles home. Many unicorn founders and c-suite were in the room, hailing from Netflix, Google, Slack, Stripe, Monzo, GoCardless, KeepRiskAtBay, ClassDojo, Fastly, Houzz, LinkedIn, Trulia, Cerebras Systems, Lucid Motors, and Amazon. 🔥 Our Fireside Chat was led by GBx Board Member and General Partner at Lightspeed Venture Partners, Nicole Quinn, featuring Jeremy Liew, who famously wrote Snap's first VC check. Liew's impressive portfolio includes early investments in Giphy, Affirm, Blockchain, Honest, Cheddar, and Rothys—earning him multiple spots on Forbes' Midas List. 🥁 GBx welcomed Mark Charkin as our new executive director and expressed gratitude to outgoing executive director of three years, Amber Atherton. Additionally, we were thrilled to have longtime supporter and WSGR Managing Partner Daniel Glazer join GBx’s advisory board. 🏆 The Best in British Tech Awards were presented by Cal Henderson (GBx Board and Co-founder of Slack), Kathryn Parsons MBE (GBx Board and Co-founder of Decoded), and Hugh Brady (President of Imperial College). Congratulations to our winners... Upstart: Dr Claire Trant PhD FRSA, Founder, Untap Health Deep Tech Innovation: Chris Ballance, Founder, Oxford Ionics Trailblazer: Hasan Sukkar, Founder, 11x AI Our former winners include unicorns such as Calm and ClassDojo To echo HM Consul General to SF Tammy Sandhu MBE and GBx Co-chair Joe White MBE's words, we are so grateful to our partners, members, and the GBx board for making this event unforgettable. 🇬🇧 We were proud to partner with the GREAT Britain & Northern Ireland Campaign to spotlight the #UnicornKingdom and are grateful for the support from Silicon Valley Bank and our wonderful network of GBx members and sponsors. 👏 Thank you to our supporters: the Henderson Family Foundation, Imperial College London, Wilson Sonsini Goodrich & Rosati, NFX, Generation Investment Management, Intrinsic, Radical Tempo, Goldman Sachs, Odgers Berndtson, Merrill Lynch, Silicon Valley Internship Programme, Taylor Wessing, Uncork Capital. 🥂 And to David Carter at Deep Planet for keeping the cheer going and award-winning British bubbles flowing, with wine from Rathfinny, Gusbourne and Chapel Down. With Imperial and Entrepreneur First having opened up a base in the Bay Area and a year since a16z announced its first non-US office in London, we're so excited to see what this next year of transatlantic collaboration holds... 🚀 🌎 Michael McTernan, Pete Flint, Colin le Duc, Wendy Tan White MBE, Mike Drew, Michael Hughes, David Bates, Andy McLoughlin, Alice Bentinck.

American technology lawyer Daniel Glazer leads the London office and US Expansion group at the Silicon Valley-headquartered law firm Wilson Sonsini Goodrich & Rosati.  Dan advises technology-driven UK companies through their US life cycle: US launch and scaling, VC financing, and IPO/M&A exit. Over the past decade, based on discussions with British and European startups and scaleups, Dan has put together this vault of frequently asked questions and resources to help navigate expansion and exits across the pond. Read here: https://lnkd.in/eA9ngYz8

On behalf of Professor Hugh Brady, President of Imperial College London, we are delighted to share Imperial Global USA's exclusive launch event with the community: 'Transatlantic Partnerships in Deep Science and Technology.' Focused on expanding transatlantic opportunities for international collaboration in science and technology, the event will be hosted by Wendy Tan White MBE, CEO of Intrinsic (an Alphabet Inc. company), and will mark the launch of Imperial Global USA, a new representative office based in the San Francisco Bay Area dedicated to building transatlantic networks and partnerships at the forefront of emerging and enabling technology and scientific discovery.      Date: 30 October 2024  Time: 17.30 –19.30 PDT Venue: Intrinsic, 100 Mayfield Ave, Mountain View, CA 94043, USA  Register your interest in attending here: https://lnkd.in/e6q2RRiz

📢 Calling all UK tech founders! Apply now to the new GBx Technology Innovation Impact Award. This new award, supported by Imperial, celebrates UK-related deep science and technology innovations that have successfully transitioned from the university ecosystem to the marketplace 🇬🇧 The award will be presented at GBx's annual Best in British Tech Awards to a room of unicorn founders and managing partners at West Coast VCs 🇺🇸 Read an interview with Professor Hugh Brady, President of Imperial, on the new award here: https://lnkd.in/e2z6zQux Entries are now open. Nominate British founders for the awards here: https://lnkd.in/eMJEYNXG