Britain’s vote to exit the European Union has left venture capitalists downcast about the future of entrepreneurship and funding startups in Europe’s second-biggest economy.
“There’s no positive in this,” said Harry Nelis, a London-based partner with Accel Partners. “The question is how negative is the news.”
Although many observers tried to play down some of the gloom-and-doom predictions that have rippled around the world, venture capitalists widely frowned on the historic referendum as bad for business and bad for the future of startup opportunities, especially in Britain.
