Brexit — only 50% of the British unicorns have a British founder
Among the 16 UK unicorns, 50% have no British founder (JustEat, Skrill, Wonga, Farfetch, Transferwise, Shazam, Markit group, Pokerstars)
Actually, 31% of them have a founder who is a EU national, and another 31% have a founder born somewhere else in the Commonwealth/in the US.
First conclusion: Britain has produced 8 “extra” unicorns because its borders and tech ecosystem were open to talented people from all over the world.
With the current events, it is however unsure how things will evolve.
Second conclusion: Paris has to step up its game, and welcome with open arms more international founders and their start-ups.
We have everything to gain from it.
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About Serena Capital
Leading Venture Capital investor with 250 M€ under management, dedicated to support great innovative start-ups, and talented founders.
A few words on our philosophy of being a capability-driven investor: https://blog.serenacapital.com/join-the-dark-side-971de57fa73
At Serena Capital, we are early-growth investors, investing in European companies which have proven business models and the capacity to grow quickly and become market leaders.
Our investment range goes from €3 million to €15 million with a focus on a variety of technology sectors including internet and media, big data, software, telecom and mobile, consumer electronics, IT services .
Serena I portfolio companies :
Augure, Aramis Auto, Bonita Soft, Coach Club, Groupe Arlety, La Fourchette (sold to Tripadvisor), Melty, Prestashop, Prixtel, Sequans (NYSE : SQNS), Santé Vet, Selectron, RSI Video Technologies, Worldstores
Serena II portfolio companies :
Work4, FinalCAD, Qualtera, Dataiku, TextMaster, Habiteo, Cheerz, Lengow, Evaneos, Icontainers
Find out more about us at www.serenacapital.com
Unicorn source — the GP Bullhound study about EU unicorns http://www.gpbullhound.com/wp-content/uploads/2015/06/GP-Bullhound-Research-Billion-Dollar-Companies-2015.pdf
Note : Rightmove was excluded of the set because it does not seem to have actual founders, as it “was created in 2000 as a joint venture between four of the UK’s largest property agents: Halifax, Countrywide plc, Royal & Sun Alliance, & Connells under the name Rightmove.co.uk Limited” (source: http://plc.rightmove.co.uk/about-us/our-history.aspx)