We would like to wish all our investor friends a great summer holiday period. It is a good time to reflect on the Brexit decision and make an assessment of the implications before the next HoxTech Angels event at the end of September.
London has an extremely strong tech scene which will continue to boom over the next few years. Tech Angel investing delivers extremely high annualised IRR in relation to most other asset classes so long as investors act responsibly and diversify risk across portfolios of quality startups. Our mission at Hoxtech Angels is to identify the best tech startups from over 1,500 on the Dreamstake platform and curate them into selected angel investors.
I would suggest that the startup investment scene was already changing before Brexit. European tech investors had been responding to fluffiness in Silicon Valley valuations by focusing on more tangible propositions, addressing real problems and with more proof points. The Brexit decision has simply reinforced this. Expect to see less angel investment in social and consumer apps and more going into sectors like Fintech, Healthtech and Edtech. As far as technologies are concerned, we are on the cusp of a revolution, with the UK in a great position to exploit leadership in areas such as Artificial Intelligence, Machine Learning, Virtual and Augmented Reality. We can also expect to see demands from investors to see high levels of traction and lower valuations. However, to repeat a common cliché, great startups will always attract the capital they need to grow.
Blog by Paul Dowling — Co-Founder of Dreamstake the world’s first tech startup platform to match founders with the most appropriate investors using a unique startup rating system. This allows entrepreneurs and investors to monitor startup progress and inject capital and support when most needed. Startup founders can create profiles on the platform and get direct introductions to investors. We are constantly looking for great early stage tech startups. Investors please contact [email protected]
We have also recently launched an exclusive tech angel investment club in partnership with The Hoxton. HoxTech Angels will run invitation only angel investment evenings every month.