Google Chief Says UK Leads In E-commerce

The UK is the world leader in e-commerce, former Google boss Eric Schmidt has told the BBC.

Now executive chairman of Google parent company Alphabet, Mr Schmidt said there was no reason why a hundred billion pound tech start up could not be launched in Britain.

He said UK entrepreneurs tended to sell up earlier than their US counterparts.
But he said the lesson from the US was that when tech companies run, they can become "very, very big".
"If you have a strong franchise that's growing quickly, you're probably better off waiting a while [before selling]," he said.
This lesson could "easily be learned in Britain".

Speaking to BBC Radio 4's Today programme, Mr Schmidt said that "Britain is the leader in e-commerce in the world, far ahead of the United States.

"Britain has every aspect to build billion pound, ten billion pound, hundred billion pound companies…You have the right regulatory environment. You've got the right role within [the European] continent. [Just] look at the e-commerce plays and service plays that are now happening in London.

"Europe is pushing on a European digital single market and in the timeframe of you building a small start-up, the Europeans will figure out a way of building a single digital market for your products." He added there were no barriers to launching "a European-scale corporation that is larger than a US-scale corporation".

Mr Schmidt said the key to any successful start up was the product. "The only thing that matters is the product quality," he said. And in the age of social media, "lean distribution models are replacing big marketing and advertising budgets". This means start ups can compete more easily with more established, big companies, he argued.

"If you have three people and a vision, you should be able to raise funds from friends and family, crowd-funding and early venture groups," he said.
The key, however, was having a "strong engineering lead". Without someone with a vested interest in the company to build the app or technology product, start-ups tend to struggle, he said.

Having someone in-house, rather than going to a third party developer, is vitally important, Mr Schmidt said.

BBC: http://bbc.in/1OZ7Pwe

« ISIS Secret Cyber Terrorism Forum Exposed
Now Anonymous Declares Cyberwar On Turkey »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

BackupVault

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

Infosecurity Europe, 3-5 June 2025, ExCel London

Infosecurity Europe, 3-5 June 2025, ExCel London

This year, Infosecurity Europe marks 30 years of bringing the global cybersecurity community together to further our joint mission of Building a Safer Cyber World.

Paessler

Paessler

Paessler is a leading worldwide provider of network monitoring software.

Infoblox

Infoblox

Infoblox solutions help businesses automate complex network control functions to reduce costs, increase security and maximize uptime.

BruCERT

BruCERT

BruCERT is the referral agency for dealing with computer-related and internet-related security incidents in Brunei Darussalam.

CamCERT

CamCERT

CamCERT is the national Computer Emergency Response Team for Cambodia.

Netresec

Netresec

Netresec is an independent software vendor with focus on the network security field. We specialize in software for network forensics and analysis of network traffic.

Solana Networks

Solana Networks

Solana Networks is a specialist in IT networking and security.

Bureau Veritas

Bureau Veritas

Bureau Veritas are a world leader in Testing, Inspection and Certification. We provide certification and training services in areas including cybersecurity and data protection.

Braintrace

Braintrace

Braintrace’s services include Managed Detection and Response (MDR), Managed SIEM, SIEM-as-a-Service, SOC-as-a-Service, Advisory Services, and Incident Response.

C11 Cyber Security & Digital Innovation Centre

C11 Cyber Security & Digital Innovation Centre

C11 is working with local and national partners to develop talent and bring brilliant minds and brilliant businesses together.

SecureStrux

SecureStrux

SecureStrux are a cybersecurity consulting firm providing specialized services in the areas of compliance, vulnerability assessment, computer network defense, and cybersecurity strategies.

Aversafe

Aversafe

Aversafe provides individuals, employers and certificate issuers around the world with a first line of defense against credential fraud.

Infinite Ranges

Infinite Ranges

Infinite Ranges delivers secure, comprehensive digital solutions by connecting experts with the best products and services for the digital age.

ADL Consulting

ADL Consulting

ADL Consulting provide information security-related consultancy and training support to businesses across the UK. Our services include ISO27001, GDPR, Cyber Essentials and training.

Cyber Management Alliance

Cyber Management Alliance

Cyber Management Alliance is closing the divide in cyberspace by bringing together the best qualities of thought leadership and operational mastery of cyber security management.

The Cyber Guild

The Cyber Guild

The Cyber Guild is a not-for-profit organization working to improve the understanding and practice of cybersecurity, and to help raise awareness and education for all.

Somerville

Somerville

Somerville are a full service IT partner with over 40 years experience delivering exceptional service and value to our customers.