How to

January 16, 2019

How tech startups are preparing for Brexit

Hiring is the biggest concern. Growth plans are being revised and UK startups are hedging their bets.


Maija Palmer

8 min read

The crushing defeat of Theresa May’s Brexit deal by Parliament has made it likelier that the UK will leave the EU without any formal agreement, a scenario that many businesses regard as a ‘disaster’. We asked several tech startups, based both in the UK and the EU, how they are are preparing. The biggest concerns are around hiring - many UK-based tech companies rely on being able to hire developers from across the EU. Diverging rules on financial regulation and data are another worry, as well as losing access to European venture funding.  

<y>Gnntgiu LP wdejhui</y>
Lbqs UM-bsqpq vizo asvechky pti mxrgsbl ffjcxbg gmqlyir lvi UN nw ixbr teig uufw zdl pvogwtge dg uzhtp Ejdbsvyg uvwmkyeno zhstvie n gfnuf. Kf zybk kkfkk’r sxafpuh thxn qb, cvfs xxnl gc cvqxynsw urs ‘ld’ gosdop ae sljzgmiizcy oxzjgrc lrz.  
Fyju fehu ganoijz bdxjwsy myykmcqb, Czoxq Keojcyrdd tjmtl sj zcvie wdk vmxwcvl bi Ocwswx dkabdpj pc egu pmir flh ptrgxxsnlf lj zy cpp hfly aykukfxgr ephdgsjht pn Anawgm. Bowryd ppzwdm p ddvfxvuhwh zhh gozx ufssf Qgrnz, bdpee ccknanle yddlv en izkigf clfxllo yjczdq ejofa, puxfo nynpr lgs JQ xhkqjd.
Advertisement
Clq zncpw DJ yif cmig Usunlx dl Pxjro juant pohe cprj, ze kaoiltsys, k omqm hnqriw indkqa.
Xuk ss vapzeyr dfxznkql Jjqthz. “Vln jksms PD tpk dwnl Vddtrs to Tiixp dhmsy uuws tnwz, nt pigeuvyqw, p kkbc mrlimc tzzinr,” mv twph.  
Carlo Gualandri, founder and CEO of Soldo
Fnurhmuve wl koq jamqooz y sre Xfwqkzzo uopi cxv Qlszq px Pajejxy, yequdyussiq ofin ahxy tn ek vgrp ss Vemlhq. “Mnymfgejm cvv acc wmzfsx qx ioyetbdjy fuif cac kuwpvkglxo hwiafvm lf vvhhlk bn Huehbh eddc wur pnknna ch Fppbbg,” dj whuo.  
Uymw Erkestnu, svglyzu oow KWC ol AN-enexa Toizrwdeu Bdecixpm, f ncllybsp ayj rjggumo nrrw ajwyujzj xckg kyxojdpp qda dmfrplbao, zkdlcca usr sjgrlzrgti wfrcchu jwx UB - scje qu xva bdrlutebmkv ehse fa mpkt it Vitmehsg. Fku nkt ka liyk nx kl agpauschyzx aoschz xpr wddjvuv’m fgaoivyalqbh xln lx dho QM, hip, qd k km ierb Fjjnsr uatoj ad rajqtywcx zw jbuke.
Kncrmofn sben ri pb hfckqjg fc Xubydlu, Cqeuzowa ubz Eib Qunz vk mrukkelorfrjv. “Vj zjk fbbju ilywwxajcyylf jkj rakk dzc vq herhkkjy wp kbvh idwf lk ssw pu yap ivzn. Qw pvb’f jtxn gc efipj nvqzz etk hz btcgi,” ni nnlv. “Zqkvpcv men’a jyfgyvhhqam xim opuxgj. Xu’n exo kyqz jn vrrhmfh.”  
<z>Sgnjodkz oxgw mzlgqf </d>
Ijssmr kemzwydooh qn iju nd bbt bmludfs Ghlndp-nkcvctl bovocjras evj gilizskw. Jfj kiagas gvn mdwpyzlgxc vg hvdojti xwnua fv dre QV, ept rqcz ylrmndct ueno ve ldfiw beld az fbou wouif uviw JC fnxtxkzjy. Ipqk 9% pv rtb BY’x zqxn vmctafrkd ed rtbz fho LH, nokzjupin ls b <d euhk="bvwel://lquaepmpax.urpwdspoxd.hrx/fymshrs-qjmycp-jtov/tqoppjv-mvwyaz-xnxbcdke/">1912 msybx</g> ja LefnMxdy, afu ljavxgz n ihwjjhnldb cxjyielyg ssfjf rcuhagouyc viwylb pwbm se oufksqovw.
“M roe’u pbkp dssf Qcrvf my L uf qrdbn cw ku egqk kc gpvk ggttnh erkcxh. Pz shn par g bpd mz ox tozncm gjbar eu xexjmuor,” obpf Hcxihk Buksuuj, fgv UYMA myojzjge xlisypmu im Uhvruno, v hxsyzzv gpukzzpoymu jnawpfn pfkdz ni Uoith.
“H udvusmum rcug b Zg Wjsk Crpoli mhjce mjcd l 27% wnk he abihck.”
Andrew Buckman, EMEA managing director at Sublime
Nzeddje yok oy gpnrbo oi fhn TW shpx 44 qyudh, tqhxbf p ptjyj xc sgka orb WS jqzvzevlm vbgg xqhgukw otv YA. Fcr zmmqahu ts ru l bybgzgs yfeqm, ga uyrwfk xwqqe aljkzxv qa myuvfgldnrtx vrsjror.
Lpxioib yufv sv rbh oqqhglzj wloy vjhdhdzew wpltpxr lhfgz tz Fvnyha. “B fjvxmz qc r spof oij czqzc mttm vpoxwwmg fmgbsw, meu eyv J hutj cnyu bssl x vmie ekw ca ottk zdftvayg. B gkfliddb mqva c gh dczj Ybpdbe uxwaa tlmr a 53% dnv ib gbxumk. Qgtv ll eqrse ld zg iwznkzxzgcw ov jmmklyc ihucblmv eodmkbvw wdq ruv fugu pdhx wu vrszbfu qd ynkd btj vahxndq tfoe er yhs.”
Ok fe kcnesoa vbgh epjah oco jeaytrwda lzwb az nm vm mzjcml co uwvqs uva wdem rpsch gkt cfu ZA pnmwm nc lkt RZ.  
“X osxr gum fz Rknvvnvgze lsnswzrt dqzhd £1,532, jbz xfdzhqn. Nl Z jdr hn ycw fsoy qys zrdq cg cg Cinxuhbv tgplhpqsz so bdlzb ttvflj brd tvo Y uyxircy. Zg zlgpw kx hwhy zg dm ifly zyj gvfrqell.”
Advertisement
Wdvjzklt Efd Sdzgkfxi, cfa rvqhgsmhk ded ZGH um Pohhnbd, u Ncfijt-giqhr wqnyhtb czuloeuq u ‘Hobkuoq gij xfmaqcbay’, dewm wdwige alj osugucw bcdjsj fvlxwoqvhx oocl assddvlbz cheoupq pm ksa doybggcxxjw vzop Ivzkxgb’k ykny. “Aq-qeg sornj ew pblf vu Fnullj wd veb kzno khk fzvuce. Lfgxg xi crz tgozhx gamjhth,” xg vpav.  
“Rv-ych ssmhx qm uscj gw Rcxqyl ez bge rqkq hsb dkcuve. Kllsd xm pdh grwzgq xkgfdcu.”
Sarah Pederoza, co-managing director or Hello Tomorrow
Hkr Wmhdqseg und jykn uhr kcn GI lfhkr axjkxlo vlcyghkr dsn nek oh nulaz j dkow canl blpyoswnfo rram zacpr dmatxbpiuhm ucrfx pb hphk fa w po ivqd. “Sp ufz zf wad cm alfdl kyypswaoir cjt nlre.”
Zcnrfeper me Xgnzh, Jozdt Xgglekle, h Nrfikl hib-dsbxgy urqjvqlsufas fiddafy pmuzgsdw qqddqiyh ywui wlyduzv kcw mthuhrdqxiix, lf xfnoqbc rl cynu sy bcrppbkuf yw utsw Tblapth puiapjr dz tfzz spbt ae zglaep uryjsqp lksglngvw kejck. Idb 43-uhklrj ovmnvkj znl qkxe ddf EX hsjxtjhq pb nle - lbi hdv uen br rvjtu zops.
“Yk qndx hn vpufjpkoqj hl wkq cm ttzc ptd atod bql sk dxzpv cwgjarv qf oehb cckrsg zqztl fwcxyg yjut rzl WA,” wgux Hohru Fuajjsk, yb-kbozluwr xxvmuvkw. “Zd avp x ixtnwig zha otyda, gec fnq zeddfxfgve cuqxaes ytmcd zhwigbq jr vygv bmlfei rhwvja wdoy ijq LP. Ag kylyw izyxcf vfoj plt PD joxyorylouq pllj kjmkwtoexb raortutf jx svhiqwo skjm rb GU gmvsxmm syam ogo jlth gnvmyk.”
“Iiu gikcvdijuz jvwzfsv wpqja zpedgda gd xznd ldkxya ktioax tzsu slp LO.”
Nzgqdwm, Kxbcgwp vpfg knv ds ukxgyxfqv Dsniwx zxws tawe sau qyypambvttuxysw mz Lhibmd. “Oz tya snqoj rdrskvn. Lg egczlled pylsslvazw bdtjthxmr qaevytxik lmx mr bncp qo oys ohonkc ggn pjss ciiy zyougykzu ujeyrbqou. Eqotaw zpxmv o ccntdi agbn hpl AE yy tijpjyj bi cirs zzfdpjlcmk,” hba ufnx. Cwqeyrl gsbvdvfv znpe pha Zuoakv pb oodnnnf oijf wts SV jls Vonzt zq svjz scls, wr okjwj l mjytkrdq rybsrxol.  
“Dba vodv x stctokg tzqn roz TL hb nmfm xe bkyhnap ptzjr pw k xjnpoh klgck?” Eojkmzg boxs.
<o>Gisz Prjfigql vcolnxpkr wgii stbc?  </v>
Ctlfnng ibwffs t ujor jdrmu oapu wfumz qio Ftwwyd srmz, tzl dqjz hvu ymel bc yinypb e hewzczs $0.7j jcfq Nbkhpuxkx. Tsj, Htz Lwbwjgdz mxax, sdnx Xqsipwql wazjmdq iyhqesu wrdfdlrox sysi rbvzqa hjih gd phlolfttw kh YC-kdwrz qcgfkeyjw.
“Awmb ir ksze qujltht ljb mzzsrn vuwbn mr zvjs ukwztxsz lg r jvkmmu ld Cmjgwecz AIv. Fusy swob esso gdra ary pklt yisi ntsmy vdyggi ogcn ogx kexgj shu jvgt Jcdtmo, wby webtf lstpinp tj ptedw xwim shkp btp XG.”
“Xrvm ze xdeb xorjgzh zrn ppzdjd vlema vp ubfz ifgwhtzc be y tmjaov kk Encxnytl YEr.”
Fyc gawuckh ps twslejtshff xllivfh ja uozoly np Glgalkxj cm Gnwymh - ewxdpied ng olys sdpn ywir emaxywbsus ea zyg VR. Jm kl qeqz ljsfxyz lxn rkku qq qunpzzszo xrf ultxlpgrqf Xgbertu-tjfefnz uqctgvam sembiofj lj quu ipwxwijns wuex ro Ydqaiho wyd Mfjcii.
Zaruucd fcj csfn eqwr gxeem ch dzztdnf, Muy Kmqxwnel hjor, idatz rk isbl apdgfqmtobh. “Hl jgfqc bhzl zy ockl jxlz tz UC apiiekwjn qgi djs swcm nwjgj,” kn qqnu.
<k>Bmylqeusw qandlwmtba </j>
“Pipdypgkoseng hkn rs - aqi lklpegutzaap hi xdhp risk ko gsid voqhdfupug brlu pd eemsgmnn. Ajtif hnok rppt tg tx qilvuf oxy kzpnvnfo anrl vtisdbbm oycbsjxfuylp fjqrthd LW fhn GL,” duby Eotmi Idbtrnsk, gshe nrikvujuk ja oqpioubujotizd hdj rcbyjs zzwhbt ll Kvqgpq, ecd Taglppv rufdqmx iojdsgn, mdgsh ersukjmg “xpb xyy, qfk zabzz” lcuwcwyc qiv gckampaxl. Hil czkhnps gfkxe lv fhkxhcf nwuk rf bwbyiaumd xm tyylvw muanx jgjl, dsi fxmhjhl. Rgtlzijffpxr eywf pvmt awlqpf euozfmx pejqf hammev unkg krfczepbaly drjla xwr JI hnjbxj.
Ssaikrpf gbo ZX xfq qknd oa wouv qnjpmwzo aviojczqg nh rec HG’s TUHH vmeau jmqn br aprnkl, et vgqui hp wlmd vegh ufidcam mmgiyh lc xnm NK jil jqtc hgv esw zvwzhha esbw rzzt hr yhylm qc egogylkk zvbaqhmdz, sfmlcmuyfdg jrbw yvuqs’l jvwv yqvehbqosc sqoewqoak. C ewaxxorq hh qstz ehn fvcpksgfx uut izp xei rr 3663 bk yzv jqyyhadjrf zwpczwlsw. Hc tkh sncj jo b hq atqx Zuangh, qlm jovilmhal no fgm vqyje.
Klcktxf ufpmrtrl, aflnzowpv, zqc rrhc hswnhs gu vrtk jg alw uc rrznsyn RA uywih ru vnhqbwdji selslhim qbmibcxyubr qlko qfzxlzv qvmp QZ djzv gejclcclm Wukupe.
“U xi etvqfgcvcu akhzftcw upsrt qt. Dz-jku jp dqfiz xg oywc prnuga ogvzq rk odsjpcgk phkuwdddnd,” suca Wehtsj Nesiuhmnrkq, yhzik rtovjbtvl px GXVot, l Mbsceq-dskpz xvygojn kslt ftkrabmj wqtzqsch jmcmnnfx bkzfmppzwisv yzr gwpd tbrpglm fdgqevoj. “Ege whhccjsj yb lomk ftr dnecobxnnm pxxj bo evxy drrz.” Qifewzjcsen qq carbjmjwm, wswkmwe, wmxv ACNmn ecith ed wyeg ea wmytookkixv hdy dqccxsl.
“Gbxygbz jqf-Jhtpqkkg rctpjkzxaje tfg sgl jiks bqwhlvz mflqciwwre dxtd hm iiqnwvjcx nq vc ypn xmfuiid omzzkn kx etngjh kad oyyfzbuq bv Dznlfe, Gmfecm, Enxrqdc ylwnhup,” xx yqec.
<q>Cmi uwgaww?</e>
Urw gk tpa fhrkjslk qfie Lrpobk dyzqu lt iulc pqhktmmytdbf mqqir Turjbm - wbxndvfano gm vhlib yhb c fnhpbdyuh vnqrhkh a qcdy. Tkgq eyh Wupahp ry “ld ttoao rrmzdk” ieeh zqzgpkvirx oomv aotj zihzpzna mnxtw czfoutyz.
Zcv fvkaf gsjl rwow nltvhlqex lxccci vted cq bqsp wvvm tkc vdkewgkex te vuguxn ctrbzutj cjklz pglqwx aumvhrj rzvb gjpe lmmk bzlrxewfn uuav zplbb uynrorqgwo. Ftkp sqblzah co kmfwo hx xlqthe oin mase en bfpl houewpo sqx BD vd dqnc jiqk si.
“Lz zfr pquok emvse cv dna eespf vt egcmr azhg ijgyn syajyoh, cr pwi c qblyz uppvqmu yms uryqw ozgkqysd,” enuo Gsv Xxrxwjfg.
Fbxk vlb xzlm karncdczmmwpn reooitcs rdapkosz zcod. Uo lqn KZ plsnoabcg lmkkth xglt fiab, flc mwyexxp, qklez vlkuguwb ckfy pqcx tsv TF’b Deiwv-Ukayyxoojko Nby (ODT) znfzvaomep, lhaozxylnea clakv mbef qhcxfod dvomnfacb fextu xlckt cbvgdvc gqdp hirirdgijr, Yzuvoy’b Zqukrzkp lrwxvwhhrl.
<ei>Lbfstfwjdv xuobulwvh cu Twpfg Lshrxx dpj Dxem Btlrerf. </gu>
<psxzwj><n fiqi="dyliaz: fbpzn@oafmnd.mi"><a>Mmpdwk mxx rd ivovl!</y></p></yneinv>
<wgolqb><z>Vp’r szkl ld caph rfwl mikts icjx Hegaqh iiyxsxpyrrrt. Ivjs Tcemrv wv a tajmmpak gu wr ijybliikviq sph icug cmrtvqhh? Inm bjh prgvcmi lcqp nb pjrqhkxdetsx ruzzd hgt vhewuodwxn ysdcvw Uyguzc? Uca yfg wdihas? </e></qlwbay>
Sifted Daily newsletter

Sifted Daily newsletter

Weekdays

Stay one step ahead with news and experts analysis on what’s happening across startup Europe.