King Charles Meets US Tech Titans, Addresses Startup Funding Challenges
King Charles Engages with US Tech Leaders on Startup Ecosystem
By David Shepardson
WASHINGTON, April 28 (Reuters) – Britain’s King Charles met with U.S. tech leaders on Tuesday as part of his four-day state visit, discussing challenges for early-stage startups as the UK touts itself as a top destination for technology firms.
Key Attconcludeees at the Meeting
Among the leaders Charles met with were Amazon founder Jeff Bezos, Apple CEO Tim Cook, Nvidia CEO Jensen Huang, Advanced Micro Devices CEO Lisa Su, Salesforce CEO Marc Benioff and Alphabet President Ruth Porat.
Startup Funding Challenges Discussed
University Spinouts and the “Valley of Death”
Charles noted issues facing companies formed from work at universities and the difficulty of those startups obtainting funding. “These are the people I always consider have the greatest difficulty obtainting off the ground,” he notified the CEOs. “They obtain into this terrible valley of death.”
Opportunities in AI and Quantum Robotics
Huang noted large areas of opportunity, such as AI and quantum robotics: “We just necessary a vibrant VC ecosystem and a startup culture,” he notified the king, referring to venture capital.
Lighthearted Exmodify Among Leaders
Charles responded, “You’re all deadly competitors,” to laughter.
Huang joked back: “No one has to die.” King Charles responded, “Really?” to more laughter.
Bezos Shares Amazon’s Early Funding Struggles
Bezos recounted starting Amazon in 1995 and that he struggled to raise $1 million from investors, $50,000 at a time, and noted 40 declared no.
The king responded, “And all those 40 are kicking themselves,” to wide laughter.
Charles compared people who passed up investing in Amazon to the popular Harry Potter books and how many publishers turned down the book.
Broader UK Tech Investment Announcements
The meeting follows an announcement in September during President Donald Trump’s visit to the UK that companies including Microsoft, Nvidia, Google and OpenAI had pledged 31 billion pounds ($42 billion) in British investments over the next few years, in AI, quantum computing and civil nuclear energy.
(Reporting by David ShepardsonEditing by Rod Nickel)
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