Green shoots: Ed Wray says Brexit will not starve start-ups of talent TOM STOCKILLFor someone who built one of Britain’s first £1bn technology start-ups, Ed Wray has an interesting take on company valuations. “I hate the ‘unicorn’ definition,” the Betfair co-founder says of the label given to privately-owned tech businesses valued at $1bn or more. Wray is one of the godfathers of Britain’s tech industry, quietly giving a helping hand to some of the country’s most promising entrepreneurs. It’s been five years since he left Betfair, the online betting exchange he launched with Andrew Black in 2000, and started pumping cash into start-ups. I had to see our law firm to get advice on trading while insolventWray has a significant wad of cash to play with, thanks to…

Source: The Times July 29, 2017 23:00 UTC