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The scale of the challenge is significant. According to theLondon Stock Exchange, the 246 tech companies listed onBritain's stock markets total $200 billion in capitalisation,compared with $3.2 trillion in the U.S. Meanwhile, investment inLondon-based tech groups is falling, due possibly to a loss ofappetite for the kind of consumer internet companies the citytends to produce. Some 24 London-based companies pulled in 62million pounds in the first quarter of 2013, less than half the151 million pounds raised by 29 companies in the final quarterof last year, research from market tracker Ascendant shows.
