The report had 941 respondent companies mainly working in US, China and UK on sectors like tech and health.
The picture coming out from the survey points out probably for the first time a pessimistic outlook for business, 16% of companies in fact thing that the business conditions will be worse for the future. Just one year ago pessimists were a mere 1%.
Funding is still an issue for almost every startup, only 19% in fact find raising capitals for their business not challenging while the remaining 81% is somewhat rather then extremely challenged during fundraising process.
Regarding Brexit, it seems that UK startups are not scared of remaining as only 17% are considering to move their headquarters outside UK or Europe following the triggering of article 50 of which only 1% will leave Britain for sure.
It’s still to define instead how Brexit will affect talent recruiting that is considered, by 76% of responders, as the main public policy issue affecting their companies. It’s very likely though, in my opinion, that at least for EU nationals will be put in place bilateral agreements for permanent working visa in the UK.
All images are courtesy of Silicon Valley Bank.