Real achievements in Silicon Roundabout
Dan Crow, CTO at SongKick, responds to an article putting down Silicon Roundabout, and lists some local successes:
Tweetdeck was sold to Twitter and is now their London engineering team; LastFM was acquired by CBS for $240M; Mind Candy now has more than 60 million users worldwide and is building a leading global entertainment brand; Wonga has more than $100 million in annual revenues and is highly profitable; Shazam has more than 100 million users worldwide; Badoo generates hundreds of millions of pounds of profits annually.
The company I work for, Songkick, has more than six million registered users and is the second largest live music website in the world with customers in every continent.
Other profitable and successful London startups include Moo, Just-eat, Rightmove, Betfair, Playfish, Mimecast, and Seatwave. There is deep technology being built everywhere: look at companies like RabbitMQ, Spider.io, Huddle, QuBit, Menderley, GoSquared and Ravn; all building complex, innovative technology to solve real problems.
While we’re still waiting for a really big success (think Google- or Facebook-size) to establish London as a permanent fixture on the world tech scene, putting down Silicon Roundabout in general as a waste of time is not just silly – it’s also unhelpful.
Our opinion is: if London doesn’t make it as a tech hub of global significance, the UK will fall behind quickly once financial services inevitably decline in relevance (a long slow slide which they’ve already started).