Deep Impact
The Entrepreneurs Network
by Philip Salter
3w ago
It’s understandable that regulation isn’t a fit topic for dinner parties, but there is no excuse for the lack of scrutiny it gets from politicians and policymakers. Perhaps it’s because the costs are so widely distributed and often unseen. To quote, ahem, Wikipedia, “concentrated minor interests will be overrepresented and diffuse majority interests trumped, due to a free-rider problem that is stronger when a group becomes larger.” A new report from the Centre for Policy Studies makes the case for why we need to tackle this. As Robert Colvile writes in an article summarising the report ..read more
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Your Call
The Entrepreneurs Network
by Philip Salter
1M ago
This week, instead of you reading what we think, we want to read what you think. Regular readers will know that we recently launched our Private Business Commission to investigate why some companies don’t maximise their growth potential within the UK. We aren’t saying the UK isn’t an incredible place to start and grow a business – it clearly is. We’re just saying things could always be better. On 23 April, the Commission’s call for evidence closes, so now is the time to reply. The call for evidence asks no fewer than 27 questions across four policy areas – access to funding, tax incentive ..read more
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Take AIM
The Entrepreneurs Network
by Philip Salter
1M ago
Ali Mortazavi, CEO of e-therapeutics, set a small corner of X ablaze this week with a brutal thread on his intention to delist from London Stock Exchange’s AIM market. According to Mortazavi: “the UK markets are not just illiquid, they’re completely broken and closed. The situation is worse for small growth companies (in particular biotech) but even sizeable companies such as Shell and many others are saying the same thing.” I would recommend reading the whole thread. On the same day, City A.M. provocatively asked: Is the London Stock Exchange’s AIM in terminal decline? After all, the market ..read more
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Britain's Lost Talent
The Entrepreneurs Network
by Philip Salter
1M ago
We just published a letter we’ve written to the Home Secretary alongside our friends at Startup Coalition. It argues that the new salary requirements will cut off international talent to many UK startups. As covered by UKTN, we think the Government should allow companies to count equity towards the salary requirements for the Skilled Worker Visa. This would enable startups to continue to sponsor foreign workers whose salaries meet the new general salary threshold (£38,700), but not the occupation threshold if they are also compensated through equity stakes in the business. As the letter ..read more
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Open Letter to the Home Secretary
The Entrepreneurs Network
by Eamonn Ives
1M ago
Together with Startup Coalition, we have written an open letter to the Home Secretary calling on the Government to rethink changes to individual occupation going rates for the Skilled Worker Visa, based on the negative impact they will have on startups’ hiring international talent. Dear Home Secretary,  SUBJECT: An open letter from the UK’s startup ecosystem on the changes to individual occupation going rates for the Skilled Worker Visa and its impact on startups. Britain’s tech sector is the largest in Europe, and is now worth over $1 trillion. From East London to clusters in cities such ..read more
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Britain's Superpower
The Entrepreneurs Network
by Philip Salter
1M ago
Seven days from today, new immigration rules will come into force that will dent entrepreneurship in the UK, deterring foreign-born founders from starting and growing their business in the UK, while making it harder for domestic startups to hire the talent they need. The headline is that there will be a significant increase in the overall minimum salary threshold from £26,200 to £38,700, but in many cases the 'going rate' for a job will be the key concern. This will mean many startups won’t be able to hire from abroad, with some having to let go current employees if they can’t justify the pay ..read more
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TEN More Years
The Entrepreneurs Network
by Philip Salter
2M ago
First off, on Wednesday we’ll celebrate our ten-year anniversary in style with an afternoon tea reception on the Terrace of the House of Lords, kindly supported by Octopus Group. If you’re a Patron, Adviser, Supporter (sign up here) or someone who has been closely involved in our work request a place here. It’s not just a party – we’ll be releasing a new report that sets out the fundamental building blocks that go into making sure the next ten years are the entrepreneurs’ decade. That eye on the future is why – as reported in the Sunday Times (paywall) – we’ve launched the Private Busine ..read more
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A Degree of Uncertainty
The Entrepreneurs Network
by Hugo Okada and Osiane Guthrie
2M ago
For many years, going to university has been a given for ambitious individuals from all backgrounds, providing knowledge, soft skills, and perhaps most crucially a key to the corporate world in the form of a certificate. But, as the value of a degree decreases and in a world which threatens to be upended by new technologies such as artificial intelligence, it begs the question: is university now outdated? Practical degrees such as medicine are certainly valuable – you wouldn’t want your heart surgeon to have completed only half of their degree because they found the anterior cruciate ligament ..read more
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Two Pennies' Worth
The Entrepreneurs Network
by Philip Salter
2M ago
We can’t have it both ways. We’ve all complained about governments too readily chopping and changing policies, and then a rather boring Budget comes along and suddenly we’re all asking: is that it? Nevertheless, it wasn’t without consequence. First and foremost, it was great to see the Government reinstate the lower eligibility criteria to qualify as a high-net-worth or sophisticated investor. This will make sure thousands of angel investors, many of whom come from underrepresented groups, can continue to back startups across the country. In an ideal world, u-turns would be celebrated in poli ..read more
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Take Back Control
The Entrepreneurs Network
by Philip Salter
2M ago
It’s not rocket science, but we get more innovation when researchers have more control over their work. As Stuart Buck from The Good Science Project argues for the US, and we argued in Academic to Entrepreneur for the UK, numerous empirical studies show that we should give direct rights to patent and exploit discoveries and inventions to the researchers and inventors responsible, rather than handing these rights over to the universities that employ them. Take recent Nobel winner Katalin Karikó. She was driven out of academia over a decade ago due to the unpopularity of her work on mRNA – the ..read more
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