Hello to all my tech-loving friends! Today, we’re diving into a pressing issue faced by UK founders.

British start-ups have been feeling the pinch, with reports indicating they only managed to raise a mere £16.2 billion last year. Compare that to the staggering £65 billion that Silicon Valley companies pulled in during the same timeframe.

This trend shows no signs of reversing. As venture capital continues to gravitate towards the US, many UK founders are questioning their future options.

Mati Staniszewski of ElevenLabs shared his experience, noting how U.S. funding usually opens more doors. He even formed his company as a Delaware corporation to appeal to American investors.

Furthermore, entrepreneur Barney Hussey-Yeo expressed his frustrations, revealing he spends significant time in San Francisco, contemplating a permanent relocation. He noted that the lack of capital in the UK could lead to severe challenges ahead.

The sentiment is clear: unless UK startups find a way to tackle this funding gap, the situation may become increasingly dire.