‘Brexit’ Nerves Cost This London Tech Startup $142,000 Already
- Jitters over European hiring and fundraising already felt
- Tech companies overwhelmingly favor U.K. remaining in EU
'Brexit' Debate: Big Business vs. Small Business
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“Brexit” is already happening for Rich Pleeth.
The co-founder of friend-finding app Sup was trying to secure funding to grow his London-based startup and thought he had good news when an offer came from a German firm to kick in 100,000 pounds ($142,000). Then British Prime Minister David Cameron called a referendum on membership in the European Union for June 23. With polls showing the result could be close, the investor backed out.