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>The UK desperately needs a functioning angel and VC culture

That is like the last thing they need. Functioning unions and collective bargining is the proven way to combat this.

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From far away it sounds like they need both. Stronger businesses that make more money, and stronger unions to ensure the money is shared.

The average VC business is not very strong. They rely on power laws.

The ones that pan out create an ecosystem of related businesses, suppliers, and customers. They create millionaires and billionaires who go on to start their own companies. Strong businesses are a necessary, but not sufficient, condition for strong unions.



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