Shock, disbelief and disappointment were common sentiments among the startups

TechCrunch spoke to, many of which had scrambled emergency meetings to consider their immediate steps in the face of a seismic shift in the political and economic landscape of both the U.K. and the European region as a whole.

Uncertainty is the prevailing feeling, as you’d expect, but for earlier-stage startups, and those in certain sectors with lots of customers in European markets, there can also be real fear.

Or at least a sense that their founding tie to the U.K. might just have been unpicked.

No U.K. founders were pretending they knew exactly what was going to happen as a result of Brexit, but concerns are plentiful in areas such as staffing and talent acquisition; how they will continue to serve European customers; and whether they’ll be able to effectively scale internationally from a British base.

And against a backdrop of concerns and questions, founders are having to make key business decisions in the face of rapidly descending political fog and a plunging pound sterling.

Welcome to Brexit-induced business blindness.

Read the whole story: What UK startups make of the shocking Brexit vote | TechCrunch

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s