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The Great Recession has hit the UK startup scene especially hard. Funding has all but dried up for startups and just a few short months ago Jonathan Kestenbaum, CEO of the National Endowment for Science, Technology, and the Arts said that many startups faced an "unimaginable dilemma" in trying to survive.
But are things looking up for UK companies, especially those in the media sector? According to accounting and business advisory firm Grant Thornton UK LLP, the answer may be yes.
It seems that everybody talks about multichannel marketing these days. But how many walk the talk? According to a study conducted by marketing solutions provider ExactTarget, UK marketers are walking the talk more than marketers in other countries.
The result: they're better connecting with their customers and that boosts the bottom line.
The economy may not be great, but the internet isn't complaining. In fact, the economy has likely helped internet advertising achieve a significant milestone in the UK. According to the Internet Advertising Bureau (IAB), internet ad spend surpassed television ad spend for the first time ever anywhere in the world.
Total spending on internet ads in the UK hit £1.75bn in the first two quarters of the year, a 4.6% year-over-year gain. That's good enough to account for almost 24% of all ad spending. Television, on the other hand, now accounts for just 21.9% of ad spend following a painful 16.1% year-over-year decline.
There are signs that the global economy may be stabilizing and recent M&A activity in the tech sector offers hope that tech will be closer to the front of the pack. But that may not be much consolation to many UK startups that are hurting for cash.
According to Jonathan Kestenbaum, CEO of the National Endowment for Science, Technology, and the Arts (NESTA), as many as 800 young companies face an "unimaginable dilemma" that threatens their survival. The cause of this dilemma: a frozen market for venture capital.
Last week we entertained the Traveling Geeks here in London on their week-long mission to share knowledge and ideas.
Our roundtables took place at The Globe theatre where we explored trends, challenges and common issues experienced by internet-focused companies on both sides of the Atlantic.
Much is made of the physical and cultural gulf between Silicon Valley and everywhere else. Even in the US there is a marked difference between those tech companies that inhabit The Valley, and everyone else. So Europe, and specifically London, must be totally alien, right?
Hulu has fast become one of the internet's top destinations for professional video content. With free high-def programming from the likes of NBC, FOX, Comedy Central and many others, it's not hard to see why.
There's only one problem: it's only available in the United States.
When you think of tax evaders, you probably think of greedy industrialists, billionaire financiers, criminal masterminds and despised multinational corporations.
You probably don't think of Google, a company which has made it a point to 'do no evil' and spends considerable sums on wholesome pet projects and philanthropic ventures.