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