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The UK threw a splashy event in New York this week to woo more American VCs
UK officials unveiled a hologram statue and threw a big party to celebrate the UK as the third $1 trillion tech economy.
Paul Taylor, the CEO of Thought Machine and one of the people depicted on the hologram, echoed the need for more venture funds dedicated to the region, saying that UK companies typically have to obtain foreign investors when they grow. “The UK tech ecosystem has made significant strides, but work remains to reach the scale and influence of Silicon Valley,” Taylor told TechCrunch. The Times reported that more American tech entrepreneurs are buying up real estate in London, while NEA, Bessemer, and a16z have all opened offices there in the past few years.
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