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This morning, Amazon announced they had reached an agreement to acquire the remaining shares in Lovefilm International.
Lovefilm International has a complex history, but having been a founding member of one of the three core businesses that make up the family, and now a board member for Index, I have more than a passing interest in this deal and wanted to take a moment to post some thoughts and thanks.
Today we’re excited to announce that Index is opening its fourth office and that Danny and Mike will be going to the Bay Area to get it going.
For us this feels like a big move. But truth be told, although Index was born in Europe and has been based in Geneva, London and Jersey, we’ve always dedicated ourselves to backing the best entrepreneurs and helping them build the best companies on both sides of the Atlantic and this means our hearts have always been both here and in the US.
It seems that it remains fashionable to knock the London startup community - especially if you’re a former resident. There is no question that London (and Europe) has a long way to go. But we really believe London has a lot to offer as world-class design & marketing, access to global markets and significant capital become more and more of a competitive advantage for ambitious companies.