Facebook snubs Silicon Roundabout for Covent Garden UK HQ

Original post by  via TechEYE

Facebook is snubbing the so-called sillicon roundabout – home of start-ups around the Shoreditch area – to move into Covent Garden instead.

It will put Facebook in tube-taking distance to the East London Tech City, proposed by the government to be a bustling hub of start-ups and established tech powerhouses. Facebook has committed to a developer garage for the project.

Meanwhile, Google is interested, and so is Intel – along with Barclaycard and plenty of others.

But anyone who has taken the tube from the crowded Covent Garden in the evening would probably know it’s worth giving a miss.

Covent Garden’s 42 Earlham Street  office building was packed full of 600 Expedia employees who will now set up shop in Angel, Islington. It’s a fair bit closer to Old Street.

READ MORE TO FIND OUT FACEBOOK’S U.K. HEADQUARTERS

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London Silicon Roundabout Weekly Roundup 24-June

Weekly Newsletter of London Silicon Roundabout

ISSUE 24 JUNE 2011


UPCOMING EVENTS

What: London Silicon Roundabout July Meetup: Gaming to Gamification

When: July 7, 2011 (Thursday) 6:00 – 9:30 P.M.

Where: Innovation Warehouse – 1 East Poultry, 1st Floor, London EC1A 9PT     MORE DETAILS / RSVP HERE

 

What: London and Partners’ Roundtable with Plug and Play Tech Center CEO, Saeed Amidi

When: July 1, 2011 (Friday) 3:00 – 5:00 P.M.

Where: London and Partners – More London Riverside, London Bridge SE1 2RR

 

28-June: Enterprise Cloud Adoption – Defining (and Easing) the Barriers

29-June: Online Marketing Show

01-July: Geek Karting 2011

02-July: Design Jam London #3

02-July: dev4good

02-July: London Ajax Mobile Event


IN THE NEWS

London-based Bossa comes out of hiding – June 24, 2011

A new UK games studio has finally come out of hiding today with the launch of its new site.

Silicon Roundabout – Shoreditch’s digital revolution – June 23, 2011

Lauren Bishop – I was surprised to see Silicon Roundabout referenced and pictured in the Sun last week. Quite a theoretical and London-centric piece for the Sun to pick up, I thought, despite being bylined to the rather famous (Sun-reading, apparently) founder of Tweetdeck.

APS Group expands into London – June 20, 2011

Stockport’s APS Group has made clear its intention to expand its national reach, with a move to open up an office in London for the first time.

Cheers to London’s Tech Scene – June 20, 2011

I just heard two old English ladies talking about tweeting in a Shoreditch coffee shop. Earlier this morning, I ran into a venture capitalist from New York City on the street corner of Chance and Boundary. And last night, I witnessed an Android app developer hitting on a posh British chick. I believe the apt term is “punching above his weight.”

Facebook & Google Cause House Price Rises London & California? – June 20, 2011

Living near the headquarters of Google and Facebook is great for real estate prices and London could well be in for the same “Silicon Valley effect” on its house prices.

 

We have also created subject specific Newspapers on Mobile Apps, Gaming, Startups & London Silicon Roundabout


JOBS

22-June: PHP Developer – We’re looking for a PHP developer who is excited about helping to build the business alongside the founders. We want to get someone on board who is as enthusiastic about growing the business as we are. An interest in sports helps, but isn’t essential.

21-June: Marketing Manager – We’re seeking for a creative, eager, intelligent and resourceful Marketing Manager with a strong mix of traditional and digital marketing capabilities to join our team. Partnering closely with the Chief Product & Marketing Officer and the Founders, you will drive the development and execution of the marketing strategy that will drive the user acquisition, retention and creation of a community of Shopitize evangelists.


READING / VIEWING

Facebook: Path to IPO – Startups, London

The Story of Deskwanted – Startups, London

Lessons from Groupon – Startups, London

Brainstorming for New Startup Ideas: A Framework to Spur Creative Thinking – For Entrepreneurs

The Day After You Get Funded – Tawheed Kader

[Presentation] So You Want to Do a Startup Eh – Tara Hunt

[VIDEO] The Anatomy of a Fundable Startup – Naval of AngelList

 

OUR PARTNERS

Jeffreys Henry LLP

Jeffreys Henry LLP is well-known among their clients to be pro-active, hands on, responsive, approachable, straight-talking, and personable

Keystone Law

Keystone Law is a full-service law firm of over 100 lawyers, with notable expertise in tech, IP, IT and funding

MarketInvoice

The UK’s first marketplace for trading invoices

Do your large corporate debtors take 30-90 days to pay ? Use MarketInvoice to obtain funds in 48 hours

 

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Facebook & Google Cause House Price Rises London & California?

Living near the headquarters of Google and Facebook is great for real estate prices and London could well be in for the same “Silicon Valley effect” on its house prices.

Living in the vicinity of the area dubbed Silicon Valley in California has meant that real estate prices increasing above the national average. The surrounding area of Silicon Valley which is situated in the southern part of the San Francisco Bay Area in Northern California is now home to numerous internet millionaires.

The area has seen real estate prices leap by on average price 20% for family home. Realtors from the area link this directly linked to the expansion of companies such as Google. The mini boom seems set to continue with rumors of Facebook floatation which is expected to set its valuation at $100bn. The property boom in the Bay area is in stark contrast to the rest of the US, where prices are falling sending valuations to an eight-year low point.

READ MORE

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London, Paris lure technology investors from U.S.

Laurel Bowden, a partner at Facebook Inc. investor Greylock Partners, has been working out of London from a rented desk for more than two years.

Fresh from an initial public offering of Mountain View’s LinkedIn Corp. that valued its stake at $1.3 billion, the Menlo Park venture firm raised its first fund focusing on Europe and Israel last month. Greylock and Insight Venture Partners, an early backer of Lovefilm and Palo Alto’s Flipboard, are among American investors considering opening offices in London to take advantage of a burgeoning number of technology startups.

READ MORE

 

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London’s Silicon Roundabout Lures Tech Investors Seeking Cheaper LinkedIn

Laurel Bowden, a partner at Facebook Inc. investor Greylock Partners, has been working out of London from a rented desk for more than two years.

Fresh from an initial public offering of LinkedIn Corp. that valued its stake at $1.3 billion, the Menlo Park, California-based venture firm last month raised its first fund focusing on Europe and Israel. Greylock and Insight Venture Partners, an early backer of Lovefilm and Flipboard, are among American investors considering opening offices in London to take advantage of a burgeoning number of technology startups.

U.S. venture capitalists, later-stage technology investors and software companies are paying more attention to targets in London, Paris, and Munich, upping investments in and exposure to a region some had all but written off. For them, Europe offers a chance at finding hidden gems in unlikely places — and perhaps billion-dollar success stories such as Skype Technologies SA, Spotify Ltd., and Yandex NV.

“The quality of entrepreneurs in Europe is exponentially higher than a decade ago,” said Jeff Horing, a co-founder of New York-based Insight. “We are over there because we think we’re getting better deals.”

European technology startups are cheap relative to the U.S., where valuations have soared in the wake of Facebook, Twitter, and Zynga Inc. Last year, deal values in Europe stood at a pre-investment average of $5 million, compared with $15 million in the U.S., according to Ernst & Young LLP. In the first quarter, valuations in Europe rose 20 percent to $6 million while the U.S. saw a 40 percent surge to $21 million.

READ MORE

 

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London Silicon Roundabout July Meetup: Gaming to Gamification

UPDATED: A venue has been decided for the event.  We wish to see all of you on July 7 at Innovation Warehouse.

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What: July Meetup (Gaming to Gamification)

When: Thursday –  July 7, 2011 6:00 PM

Where: Innovation Warehouse

1 East Poultry, 1st Floor

EC1A 9PT

 

Gaming is increasingly influencing non-game applications on web and mobile sites alike.

Whether you’re a newcomer or a long-runner in the tech business world, you’ve heard of the term ‘funware’, used to describe the applications that are the end product of the process of gamification. We all regularly use funware without even realizing it, whether we’re collecting loyalty card points on a night out at our favourite restaurant, improving our seller rating on eBay or becoming the mayor of our local coffee shop on Foursquare.

In other words, gamified applications typically function as reward systems for consumers, earning the customer’s brand loyalty. So as a tech company you’re highly likely to be looking into how to make use of game play mechanics to build funware on your own site. Even if you’ve already installed funware on your site, you’ll be looking at how you can improve and evolve it.

Make no mistake that gamification is a trend that’s hotting up—and fast. With social gaming now a billion dollar industry, its development of game play mechanics is just going to keep on growing, which means that the resource pool for companies looking to gamify their sites is going to keep increasing too.

If you’re into Gaming or want to develop the next big game, the July meetup of the London Silicon Roundabout Group is the place to be.

RSVP HERE 

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