We worked with Tech City UK to uncover the new #StartupStack, the tools powering the startup economy.
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2. @TechCityUK @stripe
In partnership withFrom
The #StartupStack
Itusedtocost£3.3mtolaunchatechstartup.
2000
£3.3m
2005
£275,000
2009
£32,000
2011
£3,200
Source:CB Insights, 2015
3. @TechCityUK @stripe
In partnership withFrom
The #StartupStack
Itusedtotakestartupstwiceaslong
togrowandgoglobal.
Source:Atomico, 2015
72
months
25
months
Founded
2003 - 2008
Founded
2009+
Time taken to reach 100m users
41
months
22
months
Founded
2003 - 2008
Founded
2009+
Time taken to internationalise
from year of founding
4. @TechCityUK @stripe
In partnership withFrom
The #StartupStack
Whythechange?
Asuiteofcloud-basedtoolsdesignedtohelp
entrepreneurseasilyoutsourceandautomatethe
fundamentalsofrunningabusiness,suchasdata
storage,acceptingpaymentsorteamcollaboration.
The #StartupStack
6. @TechCityUK @stripe
In partnership withFrom
The #StartupStack
Thesetoolsaremakingiteasierand
cheapertostartatechbusinesstoday.
70%
believe someUK startups would
not be able to exist without the
stack of tools they use.
6 - 15
tools used by typical tech
startup today, according to
majority of respondents.
85%
agree that tools have made it
cheaper to start a tech business.
89%
agree that tools have made it
easier to start a tech business.
Source:TechCityUK -StripeStartupStackSurvey, 2016
7. @TechCityUK @stripe
In partnership withFrom
The #StartupStack
Today,startupsdon’treinventthewheel.
Source:TechCityUK -StripeStartupStackSurvey, 2016
Less than 10%build their
own payments infrastructure
Less than 12%build their
ownCRM system
“TheDIY-approachtosetting
upyourowninfrastructure
nolongermakessensefor
today’sstartups,whenthey
caninstantlyintegratewith
StartupStacktoolsthatdo
alltheheavylifting.Italso
future-proofsbusinessesand
acceleratesgrowthbybaking
intheabilitytoscale.”
—JamesAllgrove
HeadofUKGrowthatStripe
Less than 14%build their
own servers or data storage
15. @TechCityUK @stripe
In partnership withFrom
The #StartupStack
Whereistheredemandformoretools?
think more tools in cybersecurity
could help startups grow faster
2 in 5
think that more tools in legal & compliance
could help startups grow faster
Source:TechCityUK -StripeStartupStackSurvey, 2016
“...inkeyareas,suchaslegalfunction,HRfunctions,andcybersecurity,thereisstillmoretolookforwardto.At
Seedcamp,we’reactivelyinvestingintocompaniesthatwillplugtheselastremaininginfrastructuregaps,including
CharlieHR,afreetouseautomatedHRplatform,andcybersecuritystartup,Rawstream,whichhelpsemployeesstay
safeandproductive.ThisyearwepartneredwithNextLawLabstoinvestevenmoreintothelegaltechspace,and
havealreadybackedcompaniesincludingJurotoautomatelegalcontracts.”
— CarlosEspinal,Partner,Seedcamp
emerging examples emerging examples
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