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Home to the Beetles and the birthplace of Shakespeare, the United Kingdom or Britain as it is often referred to, sits on the northwestern coast of the European mainland and includes Great Britain, Ireland and some smaller islands. It has the 12th longest coastline in the world being surrounded by the Atlantic Ocean with the North Sea in the east, the English Channel in the south and to the south-southwest is the Celtic Sea. Its capital city of cosmopolitan London is a thriving tech hub and the globally influential financial and cultural heart of the country. This is where the renowned universities of Cambridge and Oxford can be found, as well as the historical wonders of Stonehenge and Bath's Roman spa.
Of its population of 64,767,115, 91.6% are connected to the Internet with 58.7% playing on Facebook. With the latest news of the United Kingdom withdrawing from the European Union (2016) the ramifications are looking like a slap in the face for the European startup scene, as it is perceived that during the ensuing changes, vulnerable startups will become the victims. It is predicted that the amount of venture capital funding coming out of London, which is a key component of the European startup scene, will plummet. As a consequence entrepreneurs will exit the EU chasing the funding they need, which will be available in places such as New York, Singapore and Silicon Valley.
The UK held numerous cards in its favor for business incorporation (favorable laws, plenty of available capital and market access to the whole of Europe), but this will no longer be the case. On the flip-side if startups are created in "hard" times, it tends to make them leaner, hungrier and more efficient, leading them towards forming long lasting and cash-flow positive businesses, which is a bonus.
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