[mattmanser]

What's ironic is that the British are known for their innovation and inventiveness and yet here you are making the outrageous claim we're not.

it's pretty stupid how these ridiculous, unfounded memes perpetuate on HN. Young founders are best (but there are regular article how empirically they are worse), SV is the only place that has innovation (but clearly aren't).

The funny one I read a year or two ago was that no EU startup had ever sold for $100mill, which was utter nonsense that 5 secs of googling proved wrong, but was being repeated by various SV journalists.

[pm90]

>What's ironic is that the British are known for their innovation and inventiveness and yet here you are making the outrageous claim we're not.

I don't think that's what askinakhan is saying. He/she is basically saying that there is way too much Venture capital in the valley, which basically means that a lot of ideas get funded, even if a majority of them are crazy ones. This lack of capital splurge in the UK makes it harder for startups there, so they have to be more careful...and this is what he/she is saying might lead to lesser innovation.