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Where have all the UK tech 'unicorns' gone?
Only six UK firms became a unicorn last year by achieving a valuation of more than a billion dollars.
Mr Marria likens the pressure of running a unicorn company to a football player moving club for a record-breaking fee. UK investors are not geared up to invest in latter funding rounds because of a lack of capital and expertise, says David Moore, the chief executive at Pragmatic Semiconductor, a Cambridge-based manufacturer of computer chips. "You need to be prepared to walk away if the terms aren't correct, you need to know your numbers, vision, product and competition inside out - and you need firm dates so you talk to as many potential investors within a set timeframe."
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