{"id":4986,"date":"2016-06-25T14:11:53","date_gmt":"2016-06-25T08:41:53","guid":{"rendered":"https:\/\/startup-buzz.com\/?p=4986"},"modified":"2016-06-26T00:07:28","modified_gmt":"2016-06-25T18:37:28","slug":"brexit-brings-dark-day-european-startups","status":"publish","type":"post","link":"https:\/\/startup-buzz.com\/?p=4986","title":{"rendered":"Brexit Brings a Dark Day for European Startups"},"content":{"rendered":"<blockquote class=\"modern-quote full\">\n<p style=\"text-align: center;\"><strong><em>Brexit Is What Entrepreneurs Feared<\/em><\/strong><\/p>\n<\/blockquote>\n<p>It was indeed a dark day for all the entrepreneurs and startups in Britain. As the news of Britain leaving EU poured in, mobiles started ringing incessantly. No one could make any sense as to why such a thing had happened.<\/p>\n<p>In a poll, about 90% of the entrepreneurs in UK didn\u2019t want the Brexit referendum to go this way. Now that the worst fears have come true, they don\u2019t know yet how to react. Some are even calling it the biggest foreign policy mistake of modern times.<\/p>\n<p><iframe width=\"1140\" height=\"641\" src=\"https:\/\/www.youtube.com\/embed\/xDJ_cbQTWBE?feature=oembed\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p><strong>The Chaos<\/strong><\/p>\n<p>Soon after the Brexit referendum came in, markets plummeted to an all-time low. British pound has now taken a severe hit, reaching a 31-year low. Still reeling under the shock, the entrepreneurs have no time to grieve. Rather they need to get on top of the situation and find out ways to avoid getting thrown under the bus.<\/p>\n<p><strong>Brexit\u2019s Ramifications for Startups<\/strong><\/p>\n<ul>\n<li>Now in the new economic environment that doesn\u2019t look as friendly as before, the businesses stand a possibility of losing duty-free access to other European markets. This might result in them losing valuable business.<\/li>\n<li>Startups might also lose out on the opportunity to find a place in European accelerator programs. What\u2019s more, they will lose access to European <a href=\"http:\/\/www.ishwark6.sg-host.com\/venture-capital-firm-work\/\">venture capital<\/a>.<\/li>\n<li>French entrepreneurs now think that they are going to face problems of capital shortage. They also think that the cost of doing business with Britain-based businesses might go up due to legal fees.<\/li>\n<\/ul>\n<p>Despite all this, the startups cannot lose hope because the very motivation behind starting a startup comes from resilience, drive to overcome roadblocks and ability to stand strong in the face of adversities.<\/p>\n<p><strong>Takeaways:- <\/strong><\/p>\n<ul>\n<li><strong>Britain has left EU after Brexit referendum.<\/strong><\/li>\n<li><strong>Startups stand to lose venture capital from other European sources.<\/strong><\/li>\n<li><strong>Britain\u2019s businesses might lose duty-free access to European markets.<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Brexit Is What Entrepreneurs Feared It was indeed a dark day for all the entrepreneurs and startups in Britain. As the news of Britain leaving EU poured in, mobiles started ringing incessantly. No one could make any sense as to why such a thing had happened. In a poll, about<\/p>\n","protected":false},"author":624,"featured_media":4987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1332,21],"tags":[1333,184,70,875],"class_list":["post-4986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup","category-start-up","tag-brexit","tag-britain-startups","tag-startup","tag-startup-buzz"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/Brexit.jpg","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/4986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/624"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4986"}],"version-history":[{"count":5,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/4986\/revisions"}],"predecessor-version":[{"id":5001,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/4986\/revisions\/5001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/4987"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}